Wells Fargo Faces Multiple Claims Related to its Involvement with “Pick-a-Pay” Loans
UFAN: The Bank, according to media reports, remains the subject of lawsuits surrounding these allegedly predatory loans. Roseville, California (PRWEB) September 30, 2011 UFAN Legal Group, PC, DBA: United Foreclosure Attorney Network (UFAN) filed a lawsuit in Sacramento Superior Court (case number 34-2011-00110146), alleging in part that the negative amortization mortgages acquired by Wells Fargo were predatory and injured borrowers. Golden West Financial was one of the country’s leaders in the issuance of “Pick-a-Pay” loans. These loans are negative amortization loans, meaning: the min
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