Wells Fargo, a US-based diversified financial company, has reported a net loss of $2.55 billion, or diluted loss per common share of $0.79, for the fourth quarter ended December 31, 2008, compared to a net income of $1.36 billion, or diluted earnings per common share of $0.41, for the same quarter of 2007.

Jan. 30 (Bloomberg) — Wells Fargo & Co ., the second-largest U.S. home lender, and Taylor, Bean & Whitaker Mortgage Corp., the biggest privately held mortgage company, are raising credit score requirements and other standards for government-insured loans.

Two police officers were injured during a shootout as they tried to serve an eviction notice at a New Mexico home facing foreclosure, according to the Alamogordo Daily News.
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Bank of America, which bought Countrywide Financial Corp. last year, has agreed to pay the state $350,000 and reimburse nearly 30,000 state residents for the cost of credit freezes because of a massive nationwide data breach at Countrywide, under the terms of a settlement with Attorney General Richard Blumenthal.

Bank of America, which bought Countrywide Financial Corp. last year, has agreed to pay the state $350,000 and reimburse nearly 30,000 state residents for the cost of credit freezes because of a massive nationwide data breach at Countrywide, under the terms of a settlement with Attorney General Richard Blumenthal.

Jan. 30 (Bloomberg) — Wells Fargo & Co ., the second-largest U.S. home lender, and Taylor, Bean & Whitaker Mortgage Corp., the biggest privately held mortgage company, are raising credit score requirements and other standards for government-insured loans.

Jan. 30 (Bloomberg) — Wells Fargo & Co ., the second-largest U.S. home lender, and Taylor, Bean & Whitaker Mortgage Corp., the biggest privately held mortgage company, are raising credit score requirements and other standards for government-insured loans.

By KEVIN LEWIS Herald Editor A recent e-mail appearing to come from Wells Fargo asking for updated account information is a scam.

SALEM — Countrywide Financial will pay $1 million to the state of Oregon to settle potential legal claims resulting from the company’s involvement in the national mortgage fraud scandal, Attorney General John Kroger said.

The Minnesota attorney general has filed lawsuits against two more foreclosure consulting companies that allegedly charged struggling homeowners big upfront fees then failed to deliver on promises to save their homes.
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