Is $1.2 billion enough of a reason?

Jan 16, 2021
2:47:37pm

Division Bell Intervention Needed

U.S.

Wells Fargo to pay $1.2 billion in U.S. mortgage fraud settlement

Wells Fargo & Co said on Wednesday it had agreed to pay $1.2 billion to settle claims that it engaged in mortgage fraud, resolving a major U.S. lawsuit brought in the wake of the 2008 financial crisis.

https://www.reuters.com/article/us-wellsfargo-housing-idUSKCN0VC1KO

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Division Bell

Previous username: BluePete
Bio page: Division Bell
Joined: Jul 20, 2002
Last login: Jun 14, 2024
Total posts: 96,944 (18,719 FO)

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Messages

Author

Time

Mortgages

85fan

1/16/21 11:47am

Costco

Division Bell

1/16/21 11:54am

Who cares who they sell to after the fact?

YIsForBrigham

1/16/21 11:57am

Wells Fargo is the worst.

CopperLix

1/16/21 11:58am

Because of personal experience with Wells Fargo

85fan

1/16/21 12:22pm

Mulletino or Monteburns

pegushin

1/16/21 11:57am

Why does it matter who the loan is sold to? $1,000 says at least 98% of non-mortgage paying spouces don't know who their

BYUALWAYSNUM1

1/16/21 12:17pm

See above - we were not happy with previous dealing with Wells Fargo

85fan

1/16/21 12:23pm

No guarantee it doesn't end up with WF again

sammycoug

1/16/21 12:37pm

There are only about 7-8 major loan aggregators/buyers in the US market.

Division Bell

1/16/21 2:49pm

Is $1.2 billion enough of a reason?

Division Bell

1/16/21 2:47pm

Rocket Mortgage has treated me well.

John Doe

1/16/21 12:39pm

I bet they're fast. Go above and beyond.

Pro Logic

1/16/21 2:43pm

Yep, very painless. Everything was done online. Closing was held in my garage.

Wells Fargo to pay $1.2 billion in U.S. mortgage fraud settlement

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