Wells Fargo sued for placing borrowers in forbearance without consent

Wells Fargo is being sued in a class-action lawsuit that accuses the bank of putting some of its borrowers’ mortgages into forbearance without their consent. By doing so, the borrowers’ credit reports were negatively impacted, and that prevented them from obtaining other financial services, they say. The bank responded to the accusations by saying that

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Experts warn against blindly accepting mortgage forbearance

Left unable to work due to the coronavirus pandemic, around 2 million American homeowners have sought to apply for mortgage forbearance from their providers. But experts warn that they should look closely at the terms they’re offering, or they could be in for a nasty shock in the months to come. The problem is that

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What You Need to Know About a Mortgage Forbearance

A mortgage forbearance is not a good thing. For many people facing this dilemma, it can be the first step before foreclosure begins. Probably the most important two things you want to do as you face this prospect are 1) educate yourself about your options and 2) think long term. A mortgage forbearance is NOT

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