Wells Fargo (WFC +5.6%) says its "practices, procedures and documentation for both foreclosures...

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

Wells Fargo (WFC +5.6%) says its "practices, procedures and documentation for both foreclosures and mortgage securitizations are sound and accurate," and has no plans to begin a moratorium on foreclosures. Last week, FT reported that a Wells employee swore that she signed up to 500 foreclosure documents a day on behalf of the bank.