Defective Mortgages Archives - Commercial Record

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U.S. Judge: Wells Fargo Must Face Litigation On Defective Mortgages

by Reuters | Mar 31, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News

A federal judge on Thursday said Wells Fargo & Co. must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed securities.

U.S. Judge: Wells Fargo Must Face Litigation On Defective Mortgages

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