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News Link • Housing

Wells Fargo to amend 55,000 foreclosures

• Reuters

Wells Fargo & Co. said on Wednesday it will re-file documents on 55,000 foreclosures, drawing immediate fire from one of the state attorneys general most critical of banks in the continuing home foreclosure crisis.

The announcement was the first admission of possible problems in the way the San Francisco-based bank repossesses homes.

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