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Wells Fargo to pay $1.2B for ‘reckless’ mortgages

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NEW YORK — San Francisco bank Wells FargoWednesday said it has agreed to fork over $1.2 billion to settle allegations that it fraudulently certified loans in connection with a government insurance program.  > Read the story.

Scott Lanin

Wells Fargo to pay $1.2B for ‘reckless’ mortgages

/in , /by

NEW YORK — San Francisco bank Wells FargoWednesday said it has agreed to fork over $1.2 billion to settle allegations that it fraudulently certified loans in connection with a government insurance program.  > Read the story.