Erroneous Credit Reporting Costs Wells $1 Million - Mortgage Forums for Mortgage Brokers

Welcome to MortgageBrokerLand.com, an online community for the mortgage industry where you can join mortgage brokers, wholesale lenders, lead providers, and other industry professionals in discussions concerning today's mortgage business. To gain full access to MortgageBrokerLand.com you must register for a free account. As a registered member you will be able to:

Post loan scenarios for review by wholesale account executives and other mortgage brokers
Communicate privately with other members around the country
Establish your community reputation to take advantage of free offers from service providers

All this and more is available to you when you register for a free account. So sign up today!

If you have any problems with the registration process or your account login, please contact support.

		Mortgage Forums for Mortgage Brokers > Mortgage Business > Mortgage News
Erroneous Credit Reporting Costs Wells $1 Million

#1 (permalink)

09-19-2007, 06:04 PM

Veronica Corningstone Veronica Corningstone is offline

Corner Window Office

Join Date: Jan 2006

Posts: 1,768

Veronica Corningstone is on a distinguished road

Erroneous Credit Reporting Costs Wells $1 Million

A San Bernardino, Calif., County Superior Court judge has ruled in favor of a couple suing Wells Fargo Home Mortgage. On Aug. 30, he added $293,594 for costs, post trial motions and attorney fees to the $765,000 awarded to the capital by a jury on March 6. In a statement, Wells said the verdict "clearly falls outside the guidelines of current law." It filed an appeal to the jury's decision on Aug. 3.

More...

« Home starts hit 12 year low, CPI dips in August (Reuters) | Texas Wholesaler Ends Operations »

Thread Tools
Show Printable Version Email this Page

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Credit Reporting Agencies	BrianAber	Mortgage Marketing and Training	0	07-30-2007 11:29 PM
About the Credit Reporting Agencies	BrianAber	Mortgage Marketing and Training	0	07-28-2007 08:33 PM
Settlement Costs Aig $178 Million	Veronica Corningstone	Mortgage News	0	06-11-2007 03:00 PM
Mortgage Technology Suit Costs Lender Near $6 Million	Veronica Corningstone	Mortgage News	0	03-04-2006 10:13 PM
Judgment on $31,000 Mortgage Costs Servicer $1.8 Million	Veronica Corningstone	Mortgage News	1	02-15-2006 10:36 PM

All times are GMT -7. The time now is 04:50 PM.