Wells Fargo computer glitch blamed after more than 500 people lose their homes

Categorized | STOP FORECLOSURE FRAUD

Wells Fargo computer glitch blamed after more than 500 people lose their homes

Wells Fargo computer glitch blamed after more than 500 people lose their homes

WTSP-

Wells Fargo partially blames a computer glitch for an error that cost approximately 545 people their homes.

The bank told the Securities and Exchange Commission it incorrectly denied 870 requests to modify loans over an eight-year period, and roughly 60 percent of those homeowners ended up in foreclosure, according to CBS News.

Now, regulators want to know how it happened.

Some of the affected homeowners have since gotten checks from Wells Fargo, but at least one attorney tells CBS News the money doesn’t even begin to cover what these people lost.

[WTSP]

© 2010-18 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 9120 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives