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17 Jul 2012, 10:47 am
After many months of negotiation, 49 state attorneys general and the federal government have reached agreement on a historic joint state-federal settlement with the country’s five largest loan servicers: ALLY/GMAC, BANK OF AMERICA, CITI, JP MORGAN CHASE AND WELLS FARGO. [read post]
14 Jul 2012, 9:01 am
It's part of an enforcement action agreement, in which 14 mortgage servicers (Chase, Citibank, Bank of America, PNC Mortgage, Wells Fargo, MetLife Bank, HSBC and others) hired independent consultants to examine their alleged foreclosure abuses and they would in turn compensate anyone who suffered financial harm as a result of those abuses. [read post]
13 Jul 2012, 6:59 pm
Below is a summary of the mediation results we've seen: Filed Mortgage Servicer Successful Pending Failed Rejected Duration 7/12/2011 HSBC x N/A 7/13/2011 Bank of America x 8 months 7/15/2012 Bank of America x < 5 months, but 7 more months to have proof of claim withdrawn 8/23/2012 Wells Fargo x < 4 months 11/3/2011 Bank of America x 8 months and counting… 12/19/2011 Bank of America … [read post]
13 Jul 2012, 12:55 pm
Wells Fargo Bank, NA, et al. (6th Cir. [read post]
13 Jul 2012, 11:01 am
[JURIST] The US Court of Appeals for the Ninth Circuit [official website] on Thursday dismissed [opinion, PDF] a lawsuit against several banks, including Bank of America (BOA) and Wells Fargo & Company [corporate websites], alleging that banks engaged in price-fixing practices when setting fees for using ATMs managed by other banks. [read post]
13 Jul 2012, 10:27 am
” The $175 million settlement with Wells Fargo Bank resolves Wells Fargo’s practice of engaging in discriminatory lending practices against qualified African-American and Hispanic borrowers in at least 82 geographic markets across 36 states and the District of Columbia. [read post]
13 Jul 2012, 10:09 am
Well it is. [read post]
13 Jul 2012, 5:31 am
Wells Fargo reported its 10th consecutive quarter of earnings growth as a result of a booming mortgage business. [read post]
13 Jul 2012, 3:15 am
Wells Fargo, the nations largest mortgage lender, has agreed to pay $175 million to settle accusations that it pushed black and latino borrowers into high costs loans and then charged them excessive fees. [read post]
12 Jul 2012, 5:59 pm
As for the major banks, Wells Fargo has always had a large retail presence and they’re an excellent example of how a brand communicates. [read post]
12 Jul 2012, 4:18 pm
Evergreen is Wachovia’s investment management business and part of Wells Fargo (WFC). [read post]
12 Jul 2012, 1:03 pm
Wells Fargo Bank, the largest mortgage lender in the country, has agreed to pay more than $175 million in a landmark settlement with the Justice Deparment over allegations of racial discrimination against African-American and Hispanic borrowers. [read post]
12 Jul 2012, 12:08 pm
Since 2008, Wells Fargo has been the largest home mortgage originator in the United States, responsible for one in four new mortgages. [read post]
12 Jul 2012, 11:02 am
Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday. [read post]
12 Jul 2012, 5:56 am
Wells Fargo that attorneys' fees could not be determined based upon MSAs. [read post]
10 Jul 2012, 9:44 am
Some big ones are Computershare; BNY Mellon; Wells Fargo Shareholder Services. [read post]
9 Jul 2012, 5:59 pm
Not because they failed to make it to the Stanley Cup, but because they feel that they were duped into buying a regular season ticket package that did not include the 2012 Winter Classic game, hosted in Philadelphia, during the regular season, in the outdoor Phillies stadium adjacent to the Wells Fargo Center, where the Flyers typically play home games. [read post]
9 Jul 2012, 5:25 pm
Instead, the two maintained thirty-one separate bank accounts at Bank of America and Wells Fargo, where they used at least $4.4 million of the $5.4 million they raised to live a lavish lifestyle and make Ponzi-style interest payments and principal redemptions. [read post]
9 Jul 2012, 3:59 pm
Felix does give the gratifying example of a young man on the customer complaints desk at Wells Fargo who trades in and out on Wells stock. [read post]
9 Jul 2012, 7:41 am
In May, a California man killed himself in the middle of a battle with Wells Fargo. [read post]
