Industry NewsMortgage

Wells Fargo, BofA refiling affidavits

Ohio AG says loan servicers 'sweeping problems under the rug'
Published on Oct 28, 2010

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Wells Fargo Home Mortgage will submit supplemental affidavits in about 55,000 pending foreclosures in 23 judicial foreclosure states, saying final reviews of the documents and some aspects of the notarization process did not adhere to company procedures.

Wells Fargo said it was acting "out of an abundance of caution," and that the issues identified were unrelated to quality of the customer and loan data.