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Bank foreclosures in Memphis and other parts of Shelby County in Tennessee are being blamed on giant financial services provider Wells Fargo The city and the county have filed a civil litigation case against Wells Fargo alleging that Charlotte-based bank Wachovia, which Wells Fargo acquired in December last year, engaged in predatory lending practices...
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Wells Fargo wins dismissal of foreclosure lawsuit brought by city of Baltimore Wells Fargo & Co., the largest U.S. home lender, won dismissal of a lawsuit by Baltimore claiming its lending practices discriminated against blacks and led to foreclosures that harmed the city. U.S. District Judge Frederick Motz in Baltimore, Maryland, said the city...
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TN Memphis and Shelby County leaders have filed a federal lawsuit against Wells Fargo County leaders claim the company’s lending practices have violated the Fair Housing Act and “wreaked havoc” in Memphis and Shelby County. Memphis Mayor A C Wharton said homeowners are not the only ones who feel the loss during a foreclosure,...
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Mortgage lenders large and small have been hauled into court to answer for saddling borrowers with illegal or discriminatory loan terms during the height of the subprime mortgage frenzy. Cases have been filed by individual borrowers, in class actions, and in lawsuits filed by municipalities and state attorneys general. Bank of America lawsuits To...
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