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A Wells Fargo Error Led to 545 Mistaken Home Foreclosures

A “calculation error” in Wells Fargo’s underwriting tool led to 545 mistaken home foreclosures over the past eight years, the bank announced Tuesday. The latest government filing adds well over 100 ... read more

Wells Fargo Computer Glitch Caused Hundreds of Mistaken Foreclosures

A Wells Fargo computer glitch (NYSE:WFC) has led to hundreds of mistaken foreclosures ... that a computer glitch is in part to blame for an error that reportedly led to 545 customers losing their ... read more

Wells Fargo admits glitch led to hundreds of home foreclosures

Wells Fargo has admitted a “calculation error” may have led to as many as 400 struggling homeowners needlessly losing their homes to foreclosure. The mistake in a mortgage-modification tool, ... read more

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Wells Fargo reveals software error led to hundreds of faulty foreclosures

And of those roughly 625 customers, approximately 400 of them lost their homes via ... But the error led to more than 800 incorrect mortgage modification denials and 545 subsequent foreclosures. In ... read more

A second Wells Fargo glitch results in the foreclosure of more homes

Eventually, 545 homes were foreclosed ... SEC filing last month, Wells Fargo cited that a calculation error occurred when the bank implemented new controls that led it to overestimate the attorney’s ... read more

Wells Fargo foreclosed on 500 people due to 'calculation error'

Hundreds of people were foreclosed on and lost their homes ... error regarding foreclosure attorneys’ fees” erroneously led the bank to turn down those requests for help. Wells Fargo spokesman Tom ... read more

'I begged them for help': Inside a Wells Fargo foreclosure nightmare

Foreclosures can be extremely painful ... from media reports they were among the approximately 545 homeowners who lost their homes because of an apparent software glitch with Wells Fargo's loan ... read more

Wells Fargo software error led to hundreds of home foreclosures

Wells Fargo disclosed that a software error contributed to hundreds of their customers losing their homes. In a filing with the Securities ... ultimately resulted in 545 foreclosures. The errors, ... read more

Wells Fargo Glitch Results in Foreclosure of Homes

The bank noted that a computer glitch led Wells Fargo to deny mortgage customers with requests for repayment plans or loan modification in 870 cases. Due to the error, there were 545 homes that ... ... read more

Wells Fargo error caused 545 customers to lose their homes

Wells Fargo improperly foreclosed on 545 ... with foreclosure. That miscalculation led the bank to improperly deny loan modifications for 870 homeowners — most of whom ended up losing their homes, the ... read more

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