Wells Fargo computer glitch causes hundreds of home foreclosures

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(NBC) – A Wells Fargo computer glitch has caused hundreds of customers to lose their homes.

Wells Fargo has identified almost 150 more customers whose homes were foreclosed on because of a “calculation error” in its mortgage tool. The bank first revealed the glitch back in August.

Wells Fargo said about 870 customers were incorrectly denied a loan modification, and 545 of those customers lost their homes.

The bank said it has contacted most customers who were impacted to fix their account and offer mediation, but it’s still attempting to contact some customers.

Wells Fargo Home Foreclosures
Lindsey Fafoglia

Lindsey Fafoglia

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