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On April 5, 2012, a federal judge ordered Wells Fargo to pay $3.1 million in punitive damages over a single loan, one of the largest fines for a bank ever for mortgaging service misconduct, after the bank improperly charged Michael Jones, a New Orleans homeowner, with $24,000 in mortgage fees, after the bank misallocated payments to interest ...
Wells Fargo Mobile App at a Glance. Cost to Download. Free. Where Available. Amazon. iTunes App Store. Google Play. Windows Store. Downloads (Google Play) 10,000,000 ...
2. Pay your mortgage with automated withdrawals. Choosing automated withdrawals pulled from your checking or savings account is another easy option to make sure you pay your mortgage on time each ...
Mortgage refinancing: Wells Fargo allows you to refinance your home loans, ... and pay bills from anywhere. The Wells Fargo mobile app also allows you to send and receive funds via Zelle. ...
According to analysts, these tax breaks were worth billions of dollars to Wells Fargo. Vice Chairman Bill Thomas of the Financial Crisis Inquiry Commission indicated that these tax breaks may have been a factor in Wells Fargo's decision to purchase Wachovia. [67] Wells Fargo's purchase of Wachovia closed on December 31, 2008.
A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender. [ 1 ]