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Wells Fargo calculates possible mortgage costs

Wells Fargo calculates possible mortgage costs

Wells Fargo, the largest U.S. home lender, said faulty mortgages could cost the company as much as $2.4 billion beyond its reserves, an increase of $300 million from a year earlier. The bank also trimmed its estimate of possible legal costs. – See more at: http://www.housingwire.com/fastnews/2013/02/27/wells-fargo-calculates-possible-mortgage-costs#sthash.wzQ4lweM.dpuf

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