Topics

New Haven (New Haven, Connecticut)
Wells Fargo settles remaining 'robo-signing' mortgage litigation
Wells Fargo settles remaining 'robo-signing' mortgage litigation

Wells Fargo & Co. has agreed to spend $67 million on mortgage-related issues to settle remaining civil litigation stemming from the so-called robo-signing debacle. Under the terms released Friday, the San Francisco bank will use the money on down-payment assistance, counseling for troubled homeowners and unifying the customer-service systems that several of its home-lending arms had employed. The settlement puts to rest several combined lawsuits accusing Wells Fargo executives of betraying shareholders by allowing abuses of the foreclosure process to occur, including the signing of sworn affidavits by employees who had no knowledge that the facts in the documents were true. The...

Loading