Los Angeles Business Journal

U.S. Sues Wells Fargo in Mortgage Probe

Wednesday, October 10, 2012

U.S. prosecutors have sued Wells Fargo, accusing it of lying about the quality of the mortgages it handled under a federal housing program, the Wall Street Journal reports. It's the latest in a series of lawsuits related to banks’ lending practices during the housing boom, the New York Times notes.