Wells Fargo Accused of Predatory Lending

A federal lawsuit filed Friday in Cook County, Ill. accuses Wells Fargo of disproportionately targeting minorities with high-cost mortgage loans, spurring a foreclosure crisis in the area. Collection & Credit Risk

By |2014-12-07T12:14:48-06:00December 7th, 2014|FCRA|Comments Off on Wells Fargo Accused of Predatory Lending

Wells’ Stumpf: Putbacks Are Hurting Housing

During a wide-ranging discussion of the economy and regulation, Wells Fargo CEO John Stumpf cited several factors that were harming the housing market. His comments came the same day the White House hosted a meeting on the topic. News

By |2014-09-26T12:12:07-05:00September 26th, 2014|News|Comments Off on Wells’ Stumpf: Putbacks Are Hurting Housing

Wells Fargo Reportedly Selling $1.3B in Bad Debt

Wells Fargo & Co. is marketing two pools of troubled mortgage debt estimated at $ 1.3 billion, including mostly reperforming loans as well as nonperforming loans, according to two people with knowledge of the offering. Collections - Other Consumer

By |2014-08-13T19:17:27-05:00August 13th, 2014|FCRA|Comments Off on Wells Fargo Reportedly Selling $1.3B in Bad Debt

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