Wells Fargo Computer Glitch Forced Hundreds Of Foreclosures
PYMNTS
AUGUST 6, 2018
Wells Fargo , the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a glitch in software the company used. The United States alleged that, in 2005, Wells Fargo began an initiative to double its production of subprime and Alt-A loans.
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