Wells Fargo Facing Lawsuit Over Loan Modification Error

Last Updated on May 9, 2019

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At A Glance

This Alert Affects:
Wells Fargo customers who were denied mortgage loan modifications as a result of a calculation error. These individuals may have received a letter and check from Wells Fargo regarding the mistake.
What’s Going On?
A lawsuit has been filed against Wells Fargo claiming that the bank isn’t doing enough to compensate people who lost their homes after being wrongfully denied loan modifications under the Home Affordable Modification Program (HAMP).
How Can a Lawsuit Help?
The lawsuit hopes to recover compensation for all hardships borrowers endured after losing their homes, including both financial and emotional damages.