CFPB Spanks Wells Fargo

CFPB Spanks Wells Fargo With Yet Another Fine

The CFPB Spanks Wells Fargo With Yet Another Fine Yesterday For Ripping Off Consumers. This Time It’s For $3.75 Billion The CFPB spanks Wells Fargo with another fine by the CFPB yesterday. The CFPB has ordered Wells Fargo Bank to pay $3.7 billion for violations across several of its largest product lines. This includes mortgage […]

Wells Fargo Is Ramping

Wells Fargo Is Ramping Up Foreclosures In New York

Wells Fargo Is Ramping Up New York Foreclosures! Are You Prepared? Call 888.737.6344 Before It’s Too Late! Wells Fargo is ramping up New York foreclosures. This is bad news for New York homeowners because Wells Fargo is hellbent on seizing homes!  Therefore, MFI-Miami has teamed up with several New York law firm to create a […]

Wells Fargo 3rd Quarter

Wells Fargo 3rd Quarter Earnings Take A $2 Billion Hit

Legal Issues And falling Mortgage Originations Cause Wells Fargo 3rd Quarter Earnings Take A $2 Billion Hit Wells Fargo 3rd quarter earnings continued to take a hit from its legal problems. The slowing housing market also didn’t help. On Friday, the nation’s third-largest bank reported net income of $3.53 billion. This is 85 cents per diluted […]

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 […]

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