Wells Fargo Will Pay

Wells Fargo Will Pay $94M To Settle Mortgage Forbearance Suit

Wells Fargo Will Pay $94M To Settle Class-Action Mortgage Forbearance Lawsuit Wells Fargo will pay $94 million to settle a class-action lawsuit. Plaintiffs argue Wells Fargo unlawfully sent more than 200,000 mortgage borrowers into forbearance during the pandemic. The lawsuit says Wells Fargo also did it without their consent. Plaintiffs argued that the bank provided […]

Wells Fargo

Wells Fargo Pulls The Plug On Mortgage Lending

Wells Fargo Pulls The Plug On Mortgage Lending. The Bank Blames The Economy For The Move There is no other way to put it, Wells Fargo plans to severely shrink its vast mortgage empire. Employees say Wells Fargo even plans to exit the mortgage entirely. The bank once churned out one of every three home […]

Wells Fargo Mortgage

Wells Fargo Mortgage Sales Plummet By 50 Percent In Q2

Wells Fargo Mortgage Sales Expected To Plummet By 50% For The Second Quarter of 2022 Wells Fargo CFO Mike Santomassimo warned investors that Wells Fargo mortgage sales are expected to drop 50%,  Santomassimo blamed higher interest rates that have destroyed the refinance market. Wells Fargo refinance originations are currently down about 82% this point last […]

wells fargo bitch slapped

Wells Fargo Bitch Slapped With $400M Investor Lawsuit Over Robo-Signing

Wells Fargo Bitch Slapped With $400 Million Investor Lawsuit Alleging Bank Failed To Protect Investors Over Robo-Signing Wells Fargo bitch slapped with a robo-signing lawsuit? Yes, and this time it’s from bond investors. Taconic Capital Advisors filed a $400 million suit against Wells Fargo in New York Supreme Court. The suit alleges the financial giant […]

Wells Fargo Busted Again

Wells Fargo Busted Again! This Time Feds Fine Wells Fargo $250 Million

Wells Fargo Busted Again! The OCC Fines Wells Fargo $250 Million For Unsafe And Unsound Home Lending Practices Wells Fargo busted again! The Office of the Comptroller of the Currency fined Wells Fargo $250 million. The agency is stating the bank practiced “unsafe or unsound practices” in their home lending business. The OCC imposed the […]

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