Wells Fargo is notifying certain of its home mortgage customers and prospective customers that a computer carrying their information has gone missing, and it is encouraging them to take precautionary steps.An unnamed global express shipping company was transporting the computer between unidentified Wells Fargo facilities when it disappeared. "There is no indication that the information on the computer equipment has been accessed or misused," Wells said. "The computer has two layers of security, making it difficult to access the information. Nevertheless, individuals whose information was stored on the equipment are being notified by mail." Law enforcement originally asked Wells Fargo to delay notification, indicating that it would hurt their investigation. They have since informed the company that this is no longer a concern and indicated they believe that, if theft was involved, it was for hardware rather than information. The company said the equipment "contained confidential information including names, addresses, Social Security numbers, and mortgage loan account numbers." Wells can be found on the Web at http://www.wellsfargo.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25