According to Wells Fargo, a “computer glitch” caused the improper denial
of 870 loan modification requests, which led to 545 foreclosures in
which Wells Fargo customers lost their homes; the bank is now offering
those former homeowners – some of whom saw the breakup of their
marriages as the result of the stress of foreclosure – insultingly
small sums, like $25,000.
America is in the grips of a foreclosure epidemic on a scale never seen in this country; Donald Trump’s Secretary of the Treasury was a pioneer in dirty mass-evictions based on fraudulent documents; ironically, people who live in high-foreclosure states were more likely to vote for Trump.
Wells Fargo is America’s biggest bank, and has committed a string of frauds
affecting millions of Americans, leading to the collapse of small
businesses, credit delinquencies, the “improper repossession” (that is,
theft) of their customers’ cars (including cars belonging to US military
service members stationed overseas), and more.
