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Wells Fargo to Pay $1.2 Billion for Bad FHA Loans

Wells Fargo to Pay $1.2 Billion for Bad FHA Loans Prosecutors claim that Wells Fargo bank “engaged in a regular practice of reckless origination and underwriting” of FHA loans, which are backed by federal insurance and aim to help first-time home buyers according to the LA Times. The bank has agreed to pay $1.2 billion dollar […]