Wells Fargo Sued by New York Over Mortgage-Service Accord
This article is for subscribers only.
Wells Fargo & Co. was sued by New York state over claims the bank failed to uphold terms of a $25 billion mortgage-servicing settlement aimed at helping distressed homeowners avoid foreclosure.
Wells Fargo and Bank of America Corp. were accused by New York Attorney General Eric Schneiderman of violating the provisions of the national accord by continuing to impose unnecessary delays on borrowers seeking to modify the terms of their loans.