Wells Fargo didn’t have contractual duty to catch scam check that cost law firm nearly $200K, judge rules
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
ABA Journal Daily News
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
Financially strapped, Jose Aguilar said it felt as though he'd let his family down in 2015 when Wells Fargo foreclosed on his mortgage , but his disappointment redoubled earlier this year when the bank sent him a letter that said a system glitch that he says caused him to lose his home of four years. […]
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
One of the former owners of Chops Steak & Seafood Bar in downtown Sacramento, California, is suing Wells Fargo Bank over the way it handled her home loan modification, which eventually went to foreclosure. Foreclosure News
Garner & Associates, on behalf of their client Patricia Flynn, a longtime Sacramento resident and former Chops Steakhouse owner, filed an action for wrongful foreclosure against Wells Fargo Bank, N.A. Chops Steakhouse was a popular Sacramento destination frequented by California's top political and business leaders and a top fundraising choice for candidates. Over its fourteen […]
Wells Fargo notified 1,000 employees, including 900 mortgage lending professionals, that their jobs will soon be eliminated. It's the first major round of layoffs in a previously announced plan to cut the bank's workforce by as much as 10% over the next three years. Foreclosure News
The San Francisco-based lender's shares slipped 12 cents to $ 53.04 in New York trading on Friday, for a weekly decline of just 1 percent, as Chief Executive Officer Tim Sloan works to remedy missteps and regain customer trust after bruising government settlements related to the opening of more than 3 million phony accounts and […]