Foreclosurers news and trends

Wells Fargo Computer Glitch Forced Hundreds Of Foreclosures

August 06, 2018
CFPB Sues CitiFinancial, CitiMortgage; Fines Them $28.8M
CFPB // January 24, 2017

The Consumer Financial Protection Bureau announced Monday (Jan. 23) that it took separate actions against CitiFinancial Servicing and CitiMortgage for allegedly giving struggling homeowners the runaround when they were looking for options to avoid losing their homes. In a press release announcing the two actions,...

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Wells Fargo Computer Glitch Forced Hundreds Of Foreclosures

August 06, 2018
Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission filing that hundreds of individuals saw their homes in foreclosure because of a glitch in software the company used. According to a report in CNN citing Wells Fargo, software it used denied mortgage modification requests incorrectly. The bank said it set aside $8 […]

CFPB Sues CitiFinancial, CitiMortgage; Fines Them $28.8M

January 24, 2017
The Consumer Financial Protection Bureau announced Monday (Jan. 23) that it took separate actions against CitiFinancial Servicing and CitiMortgage for allegedly giving struggling homeowners the runaround when they were looking...