Wells Fargo now estimates that about 545 homeowners lost their homes after they were "incorrectly denied" a loan modification or deemed ineligible to apply.

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Wells Fargo now estimates that about 545 homeowners lost their homes after they were “incorrectly denied” a loan modification or deemed ineligible to apply.

Wells Fargo now estimates that about 545 homeowners lost their homes after they were “incorrectly denied” a loan modification or deemed ineligible to apply.

CNN-

Wells Fargo has identified 145 more customers whose homes were foreclosed on because of an apparent computer glitch.

The embattled bank first revealed a disastrous “calculation error” in its mortgage modification underwriting tool in August.
Wells Fargo (WFC) said in a filing on Tuesday that an expanded review found additional “errors” that inflated estimates of attorneys’ fees for homeowners in the foreclosure process.
Legal fees are taken into account when banks determine if customers qualify for mortgage modifications or repayment plans. Wells Fargo said homeowners were not actually charged the inaccurate attorney costs.
[CNN]
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