Relevant:
- Wells Fargo Settles Claims by Eight States on Alleged Deceptive Mortgages
- Wells Fargo Cuts as Much as 30 Percent in Principal From Loans
- Wells Hit With Option-ARMÂ Lawsuit Challenging 2010 Settlement
- california pick-a-payment customers to receive mortgage assistance
- Fannie Mae and Wells Fargo Announce Creative Mortgage Solutions: A New Thing Called Renting
2010-10-07 — sun-sentinel.com
The piper starts being paid: ``More than 4,000 Florida homeowners will be eligible for loan modifications and mortgage-balance forgiveness totaling nearly $388 million under an agreement Wells Fargo Bank reached with eight states, Florida Attorney General Bill McCollum said Wednesday.
The pact settles allegations of deceptive marketing of option adjustable rate loans. These "pick-a-payment" mortgages helped fuel the devastating housing downturn that began in 2006.''
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Comments:
MortgageDrummer at 00:18 2010-10-08 said:
I told you guys... here we go... the next shoe to drop! Permalinkadd a comment | go to forum thread
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