Wells Fargo: Mistake contributed to hundreds of foreclosures

Wells Fargo: Mistake contributed to hundreds of foreclosures. Foreclosures were completed in about 400 of the cases. The customers had been using federal programs that helped families at risk of losing homes. spokesman tom goyda says there’s no breakdown of where the foreclosures occurred.

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Wells Fargo: Mistake contributed to hundreds of foreclosures Associated Press | CHARLOTTE, N.C. (AP) — Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications.

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Bottom line: Wells Fargo has to pay the price for allegedly faulty software that caused the bank to illegitimately foreclose on hundreds of homes. to compensate homeowners who were erroneously.

Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications.

Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications.

Foreclosures were completed in about 400 cases. The customers had been using federal programs that helped families at risk of losing homes. A spokesman didn’t immediately respond to a question about where the foreclosures were.

The products – referred to as "ghetto loans" by some Wells Fargo employees – subsequently drove hundreds of borrowers into foreclosure and cost the city. the bank has publicly acknowledged the.

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Wells Fargo: Mistake Contributed to Hundreds of Foreclosures. Foreclosures were completed in about 400 of the cases. RELATED: Wells Fargo to Pay $2.1 Billion for Role in Housing Bubble The customers had been using federal programs that helped families at risk of losing homes. Spokesman Tom Goyda says there’s no breakdown of where the foreclosures occurred.

“Wells Fargo bank unlawfully repossessed hundreds of servicemembers’ cars without the. The OCC said the duration and frequency of violations contributed to its action, which also requires the bank.

Wells Fargo improperly foreclosed on approximately 400 homes in which homeowners. after it was revealed the bank had been charging mortgage customers for its own mistakes. A number of former Wells.

CHARLOTTE, N.C. (AP) – Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. The bank said in a.