Wells Fargo: Mistake contributed to hundreds of foreclosures

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

Wells Fargo blamed a calculation error for resulting in foreclosures on hundreds of homeowners who instead should have been helped by the.

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Wells Fargo: Mistake contributed to hundreds of foreclosures Associated Press | CHARLOTTE, N.C. (AP) — Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications.

This Wells Fargo mistake cost hundreds of people their homes.. Schroeder also noted that from 2009 to 2015, Wells participated in 1,775.

Wells Fargo Admits It Foreclosed on Hundreds of Homes After a Software Glitch. Wells Fargo said the computer error affected “certain accounts” that. based on incorrect income details, contributing to the 2008 financial.

Debt repayments overtake commitment to new loans "The case is one of the examples of China’s ambitious use of loans and aid to gain influence around the world and of its willingness to play hardball to collect,” says the New York Times of December 12, 2017. More recently, in September 2018 zambia lost kenneth kaunda international Airport to China over failure of debt repayment.

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 Friday the error caused.

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WATCH Wells Fargo computer glitch led to foreclosures. Wells Fargo, one of the country's largest lenders, revealed the error in a Securities.

According to Wells Fargo, a "computer glitch" caused the improper denial of 870. requests, which led to 545 foreclosures in which Wells Fargo customers lost. " Dear Jose Aguilar," it read, "We made a mistake. we're sorry.. wells fargo computer glitch blamed as hundreds lose their homes [CBS News].

Class Action Lawsuit: Wells Fargo Loan Modification Error Caused By Wells. Wells Fargo made an “error” in denying mortgage modifications to hundreds of.

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.

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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 – 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 Friday.