NY AG says Wells Fargo directive likely violates mortgage settlement

theflyonthewall.com

New York Attorney General Eric Schneiderman warned Wells Fargo to reverse a new policy that temporarily suspends review of mortgage relief applications from New York homeowners. Attorney General Schneiderman said he warned Wells Fargo in a letter that its directive to suspend "all home preservation reviews and decisions" across the Northeast "in order to await further instructions from FEMA" likely violates the terms of the National Mortgage Settlement.

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