Wells Fargo: Mistake contributed to hundreds of foreclosures

The mistake in a mortgage-modification tool, discovered nearly three years ago, wrongly factored lawyers' fees into the formula put forth by the.

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CHARLOTTE, N.C. (AP) – Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. The bank said in a.

Wells Fargo: Computer Glitch denied loan modifications To. Fargo says a computer glitch contributed to hundreds of foreclosures because it. The bank said in a filing the error caused about 625 customers to be denied,

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CHARLOTTE, N.C. (AP) – Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications. The bank said in a.

WATCH wells fargo computer glitch led to foreclosures. Wells Fargo, one of the country's largest lenders, revealed the error in a Securities.

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Schatz Demands More Answers From Wells Fargo On Mistake That Caused Hundreds Of People To Lose Their Homes. Thursday, August 9.

(CNN Money) – Hundreds of people had their homes foreclosed. announced Wells Fargo agreed to pay a $2.1 billion fine for issuing mortgage loans it knew contained incorrect income information. The.

Wells Fargo Admits It Foreclosed on Hundreds of Homes After a Software Glitch. Wells Fargo said the computer error affected “certain accounts” that. based on incorrect income details, contributing to the 2008 financial.

Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility. wells fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications.The bank said in a.

Wells Fargo sent a $25,000 check, an amount that Aguilar saw as inadequate. ” To me, it's a slap in. Aguilar is one of hundreds of homeowners that Wells has identified as victims of a calculation error involving foreclosure attorneys' fees. He took the $1.9.. Kate Berry contributed to this story. print reprint.

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Wells Fargo blamed a calculation error for resulting in foreclosures on hundreds of homeowners who instead should have been helped by the.