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  lost 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.