Monday 31 August 2020

Borrowers sue Wells Fargo over forbearance policy

Borrowers are suing Wells Fargo for placing their home loans in forbearance without explicit permission. In a proposed class action lawsuit filed with the U.S. District Court for the Northern District of California, borrower Pamela Delpara claimed that Wells Fargo put customers’ mortgages into forbearance regardless of whether that was actually requested, Law360 reported. Wells Fargo allegedly moved mortgages into forbearance if a customer contacted the bank and said they were experiencing distress related to



source https://therealdeal.com/2020/08/31/borrowers-sue-wells-fargo-over-forbearance-policy/

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