Homeowner's lawsuit says Wells Fargo charged improper mortgage fees

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Homeowner’s lawsuit says Wells Fargo charged improper mortgage fees

Homeowner’s lawsuit says Wells Fargo charged improper mortgage fees

Reuters-

A homeowner has filed a lawsuit accusing Wells Fargo & Co (WFC.N) of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications were delayed.

Filed on Monday in San Francisco federal court, the lawsuit said Wells Fargo managers pressured employees to blame homeowners for the delays, sometimes by falsely stating that paperwork was missing, so homeowners could be stuck with extra fees.

Wells Fargo Spokesman Tom Goyda said the bank is reviewing past practices on rate lock extensions and will take steps for customers as appropriate.

[REUTERS]

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