Posts Tagged ‘Wells Fargo’

Wells Fargo & Co. (WFC) is avoiding another type of mortgage designed for borrowers who can’t qualify for conventional home loans, further restricting the amount of money flowing into the troubled real estate market.

Two black homeowners have sued Wells Fargo & Co, accusing the second-largest U.S. mortgage lender of racial discrimination in how it sets rates and fees. SOme say loan officers have a discretionary pricing policy that results in loan officers adding points and fees to black borrowers

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