Wells Fargo: Computing Error Contributed To Hundreds Of Foreclosures

NEW YORK (CBSNEWS.COM) – Wells Fargo says a company mistake contributed to hundreds of foreclosures because it miscalculated customers’ eligibility for mortgage modifications.
The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 of the cases.
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The customers had been using federal programs that helped famili