Wells Fargo: Mistake contributed to hundreds of foreclosures

Thomas is one of thousands of Bay Area homeowners fighting in court to save their homes from a foreclosure system rife with mistakes, mismanagement and. and three banks – Bank of America, Wells.

NEW YORK (CBSNEWS.COM) – Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. The bank said in a.

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Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. Continue Reading Below The bank said in a.

Wells Fargo says an internal review found the bank denied help to hundreds of homeowners after fees charged by foreclosure attorneys were improperly used when the bank determined whom to offer.

 · MIAMI (CBSMiami/AP) — Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. Wells Fargo.

Wells Fargo: Mistake contributed to hundreds of foreclosures. Foreclosures were completed in about 400 of the cases. The customers had been using federal programs that helped families at risk of losing homes. Spokesman Tom Goyda says there’s no breakdown of where the foreclosures occurred.

CHARLOTTE, N.C. – Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. The bank said in a filing.

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Wells Fargo says hundreds of customers lost homes after computer glitch. The bank has also admitted to hitting customers with unfair mortgage fees and charging people for car insurance they didn’t need. – CNN’s Julia Horowitz and Matt Egan contributed to this report.

It is a mistake the giant bank admits it made nearly 900 times over several years, pushing hundreds of distressed homeowners into foreclosure. Christian said when she learned of Wells Fargo’s.

Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications.

Hundreds of people had their homes foreclosed on after software used by Wells Fargo incorrectly denied them mortgage modifications. From a report: The embattled bank revealed the issue in a regulatory filing this week and said it has set aside $8 million to.