wells fargo pays 12 bn to settle crisisera mortgage claims
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Wells Fargo pays $1.2 bn to settle crisis-era mortgage claims

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Arab Today, arab today Wells Fargo pays $1.2 bn to settle crisis-era mortgage claims

New York
New York - Arab Today

Wells Fargo will pay $1.2 billion to refund the US agencies for wrongly certifying bad loans for federal home insurance ahead of the 2008 housing bust, the Department of Justice announced Friday. 

The settlement resolves charges that Wells Fargo, a giant in the US mortgage lending, employed shoddy underwriting practices to drive up loan volume, leaving taxpayers to foot the bill when mortgages failed.

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wells fargo pays 12 bn to settle crisisera mortgage claims wells fargo pays 12 bn to settle crisisera mortgage claims

 



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