Wells Fargo shares loan modification numbers (Biz Journal)
Wells Fargo said Monday that it had 740,359 active trial or completed mortgage
modifications at the end of February. About 84 percent of those, or 623,737
modifications, were through the company’s own programs and the balance of
116,622 were through the federal Home Affordable Mortgage Program. The numbers
underscore why so many are disappointed with the federal HAMP initiative.
Wells (NYSE: WFC) also provided details behind the numbers. The San Francisco
bank successfully encouraged 80 percent…
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