Sunday, April 10, 2011

The Parade Continues: Northern California Homeowner Jumps On Ever-Growing Bandwagon Of Class Action Status-Seeking HAMP Homeowners Suing Servicers

In San Francisco, California, BusinessWeek reports:
  • A California homeowner is suing the mortgage servicing unit of Morgan Stanley, claiming the company had no intention of permanently modifying her home loan payments to an affordable amount despite having her make a slew of trial payments under a federal program designed to help homeowners avoid foreclosure.
  • The complaint, which was filed Thursday in U.S. District Court for the Northern District of California, accuses Saxon Mortgage Services Inc. of breach of contract and deceptive debt collection, among other claims, and seeks class-action status.

For more, see Homeowner sues mortgage servicer over HAMP denial.

Go here for earlier posts on the ever-growing 'HAMP Parade.'