The U.S Attorney for the Southern District of New York files a civil mortgage fraud lawsuit...

|By:, SA News Editor

The U.S Attorney for the Southern District of New York files a civil mortgage fraud lawsuit against Wells Fargo (WFC -2%) for hundreds of millions of dollars over allegations of reckless underwriting and fraudulent loan certification by the bank. An investigation conducted with assistance from HUD found over 6K Wells Fargo mortgage loans with material violations.