So what happens to the 400 families that were foreclosed on? Is this going to be another situation where people improperly lost their homes are going to get a $1,500 check?
Hundreds of people had their homes foreclosed on because software used by Wells Fargo incorrectly denied them mortgage modifications. The embattled bank revealed the issue in a regulatory filing this week and said it has set aside $8 million to compensate customers affected by the glitch.
