Don't Like Your Mortgage Servicer? Good Luck Trying to Switch

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Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch

Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch

NYT-

Any one of the sins that Wells Fargo committed against consumers would have been bad enough.

There was the unnecessary auto insurance it forced auto loan borrowers to buy. And the data breach where scores of the bank’s wealthiest clients woke up to the news that a lawyer for the company had handed over their personal information to an adversary. Plus accusations of unauthorized changes to people’s mortgages. And those fake accounts — numbering in seven figures — that employees created in customers’ names.

Taken together, they ought to give pause to any person who does business with Wells. But if you think it will be easy to, say, get out of your mortgage relationship, you will find yourself extremely frustrated.

[NEW YORK TIMES]

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