Wells Fargo & Co. has disclosed it is being investigated about the origination and securitization of home loans as it faces more fallout from the fraudulent account scandal.
Federal and state government agencies are continuing to investigate or examine some of the San Francisco-based financial institution’s mortgage-related practices.
In addition, practices of predecessor institutions are also being investigated or examined — likely Wachovia Corp., which Wells Fargo acquired in December 2009.
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From:: Financing