Fines Likely From Foreclosure Probe: Wells Fargo
Several government agencies are investigating the bank's mortgage practices, the bank said in its annual report.
The investigations relate to whether the bank has adequate procedures in place surrounding mortgage foreclosure affidavits, chain-of-title documents and other mortgage papers, it said.
“With regard to the investigations into foreclosure practices, it is likely that one or more of the government agencies will initiate some type of enforcement...
To view the full article, register now.