The new allegation stated that Wells Fargo didn't make good on their mortgage reductions loans. These loans were acquired from Wachovia Bank in 2009 when they collapsed. However, thousands of homeowners loans were denied their loan modifications and these homeowners should have been approved by Wells Fargo. Again, Wells Fargo didn't disclose to homeowners that the mortgage rates would increase if they chose the lowest rate. Thousands of homeowners have ended up with negative amortization from choosing the lowest payment plan.
The law suit accuses Wells Fargo of breaching the settlement and violating the state competition law.Wells Fargo stated that they will defend the new lawsuit and they haven't violated any breach of settlement.
Credit Score
Below 600
All Applicants
with credit scores below 600 may still have the opportunity to purchase an
affordable home. The booklet, "Increase Your Credit Score After Short
Sale, Foreclosure and Bankruptcy", provides the techniques to increase an
applicant's credit scores. The program offers “FREE 30 DAYS COACHING” as well
as the booklet at increaseyourcreditscorenow.com
We
provide a weekly blogging information at increaseyourcreditscorenow.blogspot.com
