Through an expanded internal review of a software error that led to hundreds of denied mortgage modifications and subsequent foreclosures, Wells Fargo determined that the glitch had a wider reaching impact than previously thought.
The company disclosed in its recent filing with the Securities and Exchange Commission that the error resulted in more wrongly denied mortgage modifications and more wrongful foreclosures than previously indicated.
Find out more about what the company told Dodd Frank Update it planned to do to redress affected borrowers.