AP – Wells Fargo & Co. on Monday said the number of mortgages it had modified or placed in active trial through its own programs and the federal government’s foreclosure-prevention program fell 3.5 percent in April. Read More Wells Fargo April mortgage modifications decline
AP
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AP – The NAACP is ending its lawsuit against Wells Fargo that alleged the bank was forcing blacks into subprime mortgages while whites with identical qualifications got lower rates. Read More NAACP drops mortgage lawsuit against Wells Fargo
AP
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AP – Wells Fargo & Co. has become the second bank to sign up for a government program to modify second mortgages. Read More Wells Fargo signs up for loan modification program
AP
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Reuters – Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank’s mortgage lending practices. Read More Wells Fargo, Baltimore in talks after mortgage suit
Reuters
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Reuters – In a sign that the U.S. banking sector’s problems are far from over, lenders including Bank of America Corp reported falling bond trading revenue and mortgage lending weakness in the fourth quarter.
Read More Mortgage pain persists for BofA, Wells, US Bancorp
Reuters
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Reuters – Wells Fargo & Co , the fourth-largest U.S. bank by assets, on Wednesday said it repaid the $25 billion government bailout it received during the financial crisis, after last week selling $12.25 billion in stock. Read More Wells Fargo repays government bailout
Reuters
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AP – A federal judge suggested Monday that he might restrict the scope of a first-of-its kind lawsuit filed by the city of Baltimore against mortgage giant Wells Fargo Bank N.A. Read More Judge considers restricting Wells Fargo lawsuit
AP
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