Wells Fargo # Co said on Wednesday it will re-file documents on 55000 foreclosures, drawing immediate fire from one of the state attorneys general most critical of banks in the continuing home foreclosure crisis.
Wells Fargo (NYSE: WFC) will modify 55000 mortgages, a tacit admission that it had done something wrong with the home loans in the first place. The big bank announced that: Out of an abundance of caution and to provide an additional ...
The company describes the mistakes as technical and says it sees no need to halt the foreclosure process.
After several weeks of insisting its foreclosure processes were sound, Wells Fargo # Company said on Wednesday that it planned to correct and resubmit up to 55000 improperly filed documents by mid-November.
Wells Fargo # Co said on Wednesday it will re-file documents on 55000 foreclosures, drawing immediate fire from one of the state attorneys general most critical of banks in the continuing home foreclosure crisis.
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