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Saturday, 4 August 2018

Wells Fargo: we stole houses and we're being investigated for dirty low-income housing credits

In its latest round of shareholder disclosures, Wells Fargo admitted that it "unnecessarily foreclosed" on 400-odd householders (that is, stole their houses) and failed to grant loan modifications to 625 qualified borrowers (this is just the latest revelation about Wells Fargo stealing houses); it's also being investigated for its practice of purchasing low-income housing credits. (via Naked Capitalism)

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