Wells Fargo faces tax credit probes, new problems with mortgage borrowers

Wells Fargo faces tax credit probes, new problems with mortgage borrowers

NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) is facing government probes into its use of low-income housing tax credits, and has also set aside $ 8 million to compensate borrowers who were incorrectly denied mortgage modifications under a federal assistance program, the bank said in a regulatory filing on Friday. FILE PHOTO: A […]

Wells Fargo pulls back from U.S. Midwest, selling 52 branches to Flagstar

Wells Fargo pulls back from U.S. Midwest, selling 52 branches to Flagstar

(Reuters) – Wells Fargo & Co (WFC.N) is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August […]