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June 18, 2018

Lawsuit over ‘lock’ fees the latest Wells Fargo headache

WASHINGTON — Wells Fargo & Co., the controversy­-battered big bank, has a new problem — this time directly affecting mortgage applicants. Last week a first-time homebuyer filed a class action suit against the company, alleging widespread abuse of a procedure well known to most mortgage borrowers: interest rate “locks.”

Source: Boston Herald

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