June 15, 2017

New Class Action Suits Accuse Wells Fargo of Improperly Extending Mortgages by Decades

Mortgage foreclosure

A new class action lawsuit accuses beleaguered banking giant Wells Fargo of fraudulently deceiving mortgage customers facing bankruptcy with unauthorized loan changes that appeared to reduce payment amounts, but which did so at a cost of extending the home loans by decades. As reported by the New York Times, the borrowers “would have monthly payments…

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