Government
Apr. 21, 2020
US judge grants preliminary approval to $18.5M Wells Fargo settlement
The money will only go to homeowners the banking giant did not offer loan modifications to and who lost their houses to foreclosure, according to an order filed Sunday by U.S. District Judge William Alsup.
Wells Fargo agreed to pay $18.5 million to resolve a lawsuit by customers claiming they were improperly denied mortgage modifications that led to hundreds of potentially avoidable foreclosures.
The money would only go to homeowners the banking giant did not offer loan modifications to and who lost their houses to foreclosure, according to an order filed Sunday by U.S. District Judge William Alsup granting preliminary approval of the...
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