If you have received a loan modificaiton, there are going to be other restrictions on your future ability to purchase. To get a modification, you generally need to show a hardship. Some type will have to pass from the time the modification was completed.
It sounds to me like Wells Fargo is just following standard industry guidelines.
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Aside from sub-prime and hard money, I can't recall anyone with a 30 day mortgage late qualifying for a new loan or mortgage in 17 years in the industry unless there was a mitigating circumstance that was on the level of a documented death or serious injury.
I guess the best way to look at the situation is if you had a few hundred thousand dollars to loan at a 4% rate for 30 years, who would you lend it to? Would you take a chance on someone that was slow to pay within the past few months because they were asking the last guy that lent them money to change the terms of their agreement? Or would you loan to someone that had a steady pay history for two year or more? I know who I'd prefer to work with.