Wells Fargo signs “pick a pay” settlement for 2 billion.


Wells Fargo Home Mortgage has agreed to a settlement with the California Attorney General’s office that would pay restitution to more that 12,000 borrowers who ┬álost their homes to foreclosure. The loans that were provided to these borrowers were adjustable rate mortgages with low “teaser rates” that would allow them to qualify for the loan, … More Wells Fargo signs “pick a pay” settlement for 2 billion.