Hundreds of immigrants show up for hearings that never got scheduled, causing ‘mass chaos’
ABA Journal Daily News
Wells Fargo Computer Glitch Causes Hundreds Of Mistaken Foreclosures
A glitch by Wells Fargo has led to hundreds of mistaken foreclosures, which means that more than 500 of the bank's customers lost their homes. The financial institution said that a computer glitch is in part to blame for an error that reportedly led to 545 customers losing their homes. Foreclosure News
Wells Fargo computer glitch blamed as hundreds lose their homes
Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. Foreclosure News
Wells Fargo says its error cost hundreds more people their homes than first thought
In a new disclosure, San Francisco-based Wells said an expanded review found that approximately 870 customers were incorrectly denied or not offered loan modifications or repayment plans that would have made their mortgages more affordable. As a result, about 545 of those customers lost their homes to foreclosure, Wells said in a securities filing. Foreclosure […]
Citing possible fraud, US denies passports to hundreds of Hispanics and demands proof of citizenship
ABA Journal Daily News
How a Wells Fargo Counting Error Cost Hundreds Their Homes
In a short section of its most recent quarterly report , Wells Fargo revealed that for more than 5 years, beginning in April 2010, the company made “an automated miscalculation” that dropped 625 mortgage holders below a threshold where they could receive a loan modification. 400 of these people subsequently had their homes foreclosed on. […]
Wells Fargo: Error Contributed To Hundreds Of Foreclosures
The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 of the cases. Foreclosure News
Wells Fargo says mistake led to hundreds of foreclosures
Thank you for reading 10 free articles on Fredericksburg.com. You can come back at the end of your 30-day period for another 10 free articles, or you can purchase a subscription and continue to enjoy valuable local news and information. Foreclosure News
Wells Fargo admits glitch led to hundreds of home foreclosures
Wells Fargo has admitted a “calculation error” may have led to as many as 400 struggling homeowners needlessly losing their homes to foreclosure. The mistake in a mortgage-modification tool, discovered nearly three years ago , wrongly factored lawyers' fees into the formula put forth by the government to determine if a homeowner would qualify for […]
Wells Fargo Says Mistake Led to Hundreds of Foreclosures
The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 cases. Foreclosure News