YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Wells Fargo yesterday announced plans to refund up to $98 million in mortgage fees.
The customers paid rate-lock extension fees they weren't supposed to be charged.
According to Mortgage Professional America, fees on rate-lock extensions are only supposed to be paid if the delay was the borrower’s fault.
Borrowers filed suit in August claiming Wells Fargo charged them rate-lock extension fees on mortgage delays when the bank itself was at fault.
Read more from Mortgage Professional America.
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