Wells Fargo (WFC) statement on today's court ruling: "The loans at issue. were not originated,...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

Wells Fargo (WFC) statement on today's court ruling: "The loans at issue... were not originated, owned, serviced or foreclosed upon by Wells Fargo. As trustee of a securitized pool of loans, Wells Fargo expects the entities who service these loans to abide by all applicable state laws... The court simply set forth a standard legal process that mortgage servicers must follow in Massachusetts."