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Mortgage, Real Estate

Wells Fargo sued for placing borrowers in forbearance without consent

By Mike Wheatley | September 3, 2020
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 […]
Mortgage, US Real Estate

Wells Fargo admits it wrongly foreclosed on over 500 homeowners

By Mike Wheatley | November 9, 2018
Wells Fargo has admitted that a calculation error led to it foreclosing on hundreds of homeowners that were actually eligible for assistance from the bank. In total, some 545 homeowners who were behind on their mortgages had their homes taken from them after requesting assistance with their late payments. Moreover, a total of 870 homeowners […]
Home Buying, Mortgage, US Real Estate

Wells Fargo looks to boost African American home ownership

By Mike Wheatley | March 6, 2017
Wells Fargo & Company is hoping to propel a minimum of 250,000 African Americans towards home ownership within the next ten years with a brand new initiative.
Real Estate, US Real Estate

Wells Fargo agrees to record-breaking $1.2bn FHA settlement

By Mike Wheatley | April 12, 2016
Wells Fargo set a new record when it agreed to pay the federal government $1.2 billion in settlement fees for the Federal Housing Administration.
Mortgage, US Real Estate

Wells Fargo down payment assistance program helps 11,000 homeowners

By Mike Wheatley | March 2, 2016
NeighborWorks America has teamed up with Wells Fargo to offer residents of more than forty communities down payment grants via its newly created Neighborhood LIFT program.
Real Estate, Residential, US Real Estate

Affordable Homes of South Texas gets $600K to further its mission

By Mike Wheatley | August 10, 2015
Community-based non-profit organization Affordable Homes of South Texas, Inc. (AHSTI) has been given a $600,000 cash injection from Wells Fargo & Company
Featured News, Real Estate, US Real Estate

Wells Fargo wins discrimination lawsuits in L.A. & Chicago

By Mike Wheatley | July 20, 2015
Wells Fargo & Co, the largest U.S. mortgage lender, on Friday won the dismissal of two major lawsuits accusing the banking giant of predatory lending practices.
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