May 7, 2010
SAN FRANCISCO (MarketWatch) -- Wells Fargo & Co. (WFC 30.82, -0.02, -0.07%) is being investigated by "certain government entities" over the mortgage lending practices of its affiliates, the bank said in a Securities and Exchange Commission filing Friday. The bank is currently the focus of several lawsuits alleging it steered customers into more costly mortgage products and that documents contained misleading statements. Wells Fargo said it is cooperating fully with the investigations.
http://www.marketwatch.com/story/wel...bed-2010-05-07
SAN FRANCISCO (MarketWatch) -- Wells Fargo & Co. (WFC 30.82, -0.02, -0.07%) is being investigated by "certain government entities" over the mortgage lending practices of its affiliates, the bank said in a Securities and Exchange Commission filing Friday. The bank is currently the focus of several lawsuits alleging it steered customers into more costly mortgage products and that documents contained misleading statements. Wells Fargo said it is cooperating fully with the investigations.
http://www.marketwatch.com/story/wel...bed-2010-05-07