Foreclosures

WELLS FARGO AGREES NOT TO FORECLOSE BUT CONTINUES TO FORECLOSE

former-attorney-foreclosure-fraud-250x250.jpgWells Fargo & Co agreed Wednesday to pay eight U.S. states $24 million to help struggling homeowners after allegations of deceptive marketing practices at its home loan unit.

The $24 million will be paid to the states immediately for the states to use how they see fit but generally focused on borrower outreach, relocation assistance and the like," Franklin Codel, chief financial officer at Wells Fargo Home Mortgage, told Reuters in an interview.

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