Tag Archives: Wells Fargo Sends Refund Checks to Eligible Borrowers

Thousands of home owners with Wells Fargo mortgages received a sweet surprise in the mail recently: Refund checks of between $2,000 to $5,000. Some Wells Fargo borrowers with Federal Housing Administration-backed loans received the refund checks because they had previously paid unnecessary mortgage-insurance related fees. Once home owners cash the refund checks, they stand to give up their right to sue Wells Fargo on the grounds that they were placed into FHA-backed mortgages unfairly, HousingWire reports. “During the course of our own internal review, we identified a small group of borrowers […]