Wells Fargo to pay $50 million to settle claims of overcharging for appraisals

It’s been a rough few weeks for Wells Fargo and things aren’t about to get any better. The besieged bank is reportedly set to pay $50 million to settle claims that the bank overcharged “thousands of homeowners” for appraisals conducted after the borrower defaulted on their #mortgage. http://www.housingwire.com/articles/38413-wells-fargo-to-pay-50-million-to-settle-claims-of-overcharging-for-appraisals ❤️ #share #mortgage