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>> WELLS FARGO Latest News

MAY 22, 2013 - Washington Business Journal

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Wells Fargo slows foreclosure sales, BofA not so much

Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised orders on the how troubled borrowers were to be treated before losing their homes. But Bank of America Corp. is continuing its sales, apparently sure that its procedures meet the revised standards, the Los Angeles Times reports. The halted foreclosures are the latest complication arising from a settlement between 13 large mortgage servicers and the federal government.

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