For instance, a company like Wells Fargo does not want to have their brand name associated with a foreclosure. So they will transfer servicing to a company like Shellpoint once you get too far behind.
Trimont Signs Definitive Agreement to Acquire Wells Fargo Non-Agency Third-Party Commercial Mortgage Servicing Business.
Since 2016, Wells Fargo has spent billions of dollars settling civil and criminal charges related to a multiyear scheme that included repeatedly misapplying loan payments, wrongfully foreclosing on homes, illegally repossessing vehicles, incorrectly assessing fees and interest and charging surprise overdraft fees.
Wells Fargo, the country's third largest mortgage lender, is stepping back from the mortgage market. While not exiting it entirely, they'll be focusing on only providing mortgages to their existing customers, and those in minority communities.
Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on serving bank customers and minority homebuyers instead of acquiring new customers.
To change your name on your accounts, you will need to meet with a banker in your nearest Wells Fargo branch. Please bring your updated photo ID and an original or a certified copy of any supporting documents (such as marriage certificate, divorce decree, or other court orders).
There are 5 steps to remove a name from the property deed: Discuss property ownership interests. Access a copy of your title deed. Complete, review and sign the quitclaim or warranty form. Submit the quitclaim or warranty form. Request a certified copy of your quitclaim or warranty deed.
Sometimes the equity distribution can be unequal, depending on the joint parties' agreement between them. So, to remove a name or name from a joint mortgage and transfer it to a single person, you need to apply for an equity transfer and get the name(s) removed from the title deeds.
No, you can not add anyone to a mortgage without refinancing. Exactly why do you want to burden your new wife with a mortgage?
Improperly denied mortgage modifications: During at least a seven-year period, the bank improperly denied thousands of mortgage loan modifications, which in some cases led to Wells Fargo customers losing their homes to wrongful foreclosures.