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What the Wells Fargo scandal means for mortgage borrowers

Jim Walker, owner of the OK Bicycle Shop in Mobile, Ala., stands near a sign he made protesting Wells Fargo Bank on August 25, 2015. /Sharon Steinmann/ssteinmann@al.com
Jim Walker, owner of the OK Bicycle Shop in Mobile, Ala., stands near a sign he made protesting Wells Fargo Bank on August 25, 2015. /Sharon Steinmann/ssteinmann@al.com

By Amy Swinderman | inman

When a buyer client sees a news story about something that could affect the home loan, chances are high that real estate agents will be getting some borderline panicked questions in the near future.

Fallout from Wells Fargo’s employee cross-selling scandal continues to raise questions about how the bank’s customers were harmed by the illegal scheme — including their ability to access financial products and services like mortgage loans.

Fallout from Wells Fargo’s cross-selling scandal raises questions about mortgage services

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.