In Young v. Wells Fargo, Case No. 12-1405 (1st Cir. May 21, 2013), the First Circuit Court of Appeals reversed a district court's dismissal of plaintiff Susan Young's breach of contract claim premised on Wells Fargo's alleged failure to comply with its obligations under the Trial Period Plan ("TPP"), a temporary loan modification period during which Young applied for a permanent loan modification. Young alleged that, after falling behind on her mortgage payments, she entered into a series of discussions with Wells Fargo in an attempt to negotiate a loan modification. Eventually ...
In Topchian v. JPMorgan Chase Bank, N.A., Case No. 12-0910-CV-W-ODS, 2013 WL 1628525 (W.D. Mo. April 16, 2013), the Western District Court of Missouri granted Defendant, JPMorgan Chase Bank, N.A.'s ("Defendant") motion to dismiss pro se Plaintiff, Samvel Tochian's ("Plaintiff"), Amended Complaint for the alleged failure to provide adequate opportunity to the federal Home Affordable Modification Program ("HAMP") and related claims. See generallyid. The District Court, citing various prior court holdings, held that there is not private right of action for loan ...