Monday, September 7, 2009

Judge brings Wells Fargo to the table

As most banks strutted before the Senate Banking Committee, parading their good deeds and modification programs, a few judges in the country are taking note.

Judge Randolph J. Haines of the United States Bankruptcy Court summoned executives at Wells Fargo to explain their inability to complete a modification for a homeowner. Their response?

This is another great example of a large company not following up on their commitment to loan modifications.

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