Hundreds of people had their homes foreclosed on after software used by Wells Fargo incorrectly denied them mortgage modifications. The embattled bank revealed the issue in a regulatory filing this week and said it has set aside $8 million to compensate customers affected by the glitch. The same filing also disclosed that Wells Fargo (WFC) […]
Robert Scheer and David Dayen Uncover Untold Stories of the Mortgage Crisis…
Dayen tells Scheer that anger over foreclosures has fueled this year’s bitter and unusual presidential race. The two also discuss why, despite the best efforts of the book’s subjects, little has been done to mitigate homeowners’ losses…