Thursday, July 28, 2011

Wells Fargo, other banks spar on foreclosure settlement

Sources say Wells Fargo & Co. Wells Fargo & Co. has told regulators it should pay less than Bank of America Corp. and JPMorgan Chase & Co. in a settlement over the faulty handling of foreclosures, The Wall Street Journal reports.

Wells Fargo, which bases its East Coast operations in Charlotte, says it should be rewarded for having fewer risky or delinquent mortgages.

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