Wells Fargo, the country’s biggest mortgage lender, said it earned a record $4.9 billion in the fourth quarter, up 25 percent from the same period a year before.
U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis by agreeing to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners.
Occupy demonstrators and housing advocates and briefly took over a Wells Fargo Bank branch in San Francisco’s Bayview neighborhood Thursday as part of a protest denouncing foreclosure.
Three years after a law made it illegal to charge a homeowner an up-front fee for help with a loan modification, companies are still trying to get homeowners to pay thousands of dollars for services they can get for free.
A mistake on your credit report can be costly. And experts say the best way to fix an error it by contacting the credit reporting agencies directly and informing them of the mistake – They’re required by law investigate within 30 days.
HARP 2.0, a more liberal version of the original Home Affordable Refinance Program, was unveiled in 2011. The new program started picking up steam just a few months ago, according to Rick Harper of the Consumer Credit Counseling Service.
Underwater California homeowners may soon get some relief. The state-run program Keep Your Home California is changing its rules in effort to help homeowners qualify for a principal reduction of up to $100,000.
The proposals by Attorney General Kamala Harris would provide safeguards for homeowners while giving her office more leeway to investigate financial crimes.
Wells Fargo said its first-quarter profit jumped 13 percent on strong mortgage lending and a drop in delinquent loans.
A Contra Costa County man faces nine felony counts ranging from grand theft to perjury and burglary in what prosecutors call a sophisticated foreclosure rental scam.