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Tag Archives: Wells Fargo

Wells Fargo Relocates 350 Servicing Employees

The Wells Fargo representative said servicing team members “have been informed that their work sites are being relocated from multiple locations in Charlotte to our Fort Mill servicing center early next year.”

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Whistleblower Attempts to Revive RMBS Suit Against Wells Fargo

A former Wells Fargo subprime loan officer has asked the Second Circuit Court of Appeals to revive her suit against the bank, claiming that Wells Fargo engaged in a scheme to knowingly sell toxic mortgage-backed securities to investors to qualify for city and state tax exemptions.

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Wells Fargo Promotes New Head of Home Lending Servicing

As head of Home Lending Servicing, Hilzendeger will be responsible for leading more than 17,000 of the bank’s team members who service mortgage loans and home equity products for more than 10 million Wells Fargo customers, and mortgage loans for investors totaling more than $1 trillion.

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City of Oakland Lawsuit Accuses Wells Fargo of Reverse Redlining

The lawsuit alleges that Wells Fargo refused to refinance these high-cost loans to minorities on the same terms for which they refinanced loans to white borrowers, which resulted in a disproportionate number of foreclosures that subsequently led to abandoned properties and neighborhood blight

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