April 8, 2016

Wells Fargo Settles $1.2 Billion FHA Mortgage Fraud Lawsuit

U.S. Department of Justice

The Department of Justice announced today that the United States has settled civil mortgage fraud claims against Wells Fargo Bank, N.A. (Wells Fargo) and Wells Fargo executive Kurt Lofrano, stemming from Wells Fargo’s participation in the Federal Housing Administration (FHA) Direct Endorsement Lender Program. 

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