Wells Fargo Makes Major Mistake

[Mystic Wanderer]

Ain't this a fine howdy do?!  

Imagine losing your home because of a stupid "mistake" made by a bank! 
Something about this smells really fishy. I bet someone took the money and they had to cover it up by saying someone made a mistake.

Lord, let me live long enough to see these corrupt people out of business, office, etc. 

FILE PHOTO: A man walks by an ATM at the Wells Fargo & Co. bank in downtown Denver, U.S., April 13, 2016. REUTERS/Rick Wilking/File Photo

CHARLOTTE, N.C. (AP) — 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 cases.

The customers had been using federal programs that helped families at risk of losing homes. A spokesman didn't immediately respond to a question about where the foreclosures were.

The error in the bank's underwriting tool lasted from 2010 until it was fixed in late 2015, an internal review found.
The bank said it set aside $8 million this year to help the affected customers.

With its main corporate office in San Francisco, the bank employs thousands in Charlotte.

Source

They set aside $8 million to help those affected.  Sure... a little too late after the people have already lost their homes! 

If I was one who was affected by this, I would sue them, and it would be for more than $8 million.  Just look at the stress these people had to go through. Moving is a bitch; I know!