A new lawsuit accuses Wells Fargo of secretly charging improper float fees to mortgage borrowers for over a decade.

“It’s very different today running a mortgage business inside a bank than it was 15 years ago," Wells Fargo CEO Charlie Scharf said at an investment conference earlier this year.

If you have a mortgage with Wells Fargo, you’re going to want to check its current status ASAP. That’s because said mortgage may be in forbearance without you knowing about it, reports NBC News.

About Wells Fargo Mortgage Wells Fargo (NMLS #399801), one of the biggest financial services companies in the country, provides home purchase and refinance loans in all 50 states.

JPMorgan Chase and Wells Fargo saw a surge in mortgage originations in Q2 2025, but the gains in volume came with lower ...

Wells Fargo is cutting back on its once-mammoth mortgage-lending business as it weathers a downtown in the US housing market and sustained scrutiny from federal regulators. The San Francisco-based ...

Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the U.S. and for a time made the bank the most valuable in the nation.

Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations ...

So Wells Fargo isn’t the only one muscling its customers. But its status as the country’s largest residential mortgage servicer gives it ample opportunity to exploit this captive market.

In April, Wells Fargo laid off mortgage staff across large markets like Phoenix and San Antonio. In a recent town hall, the bank's head of home lending, Kristy Williams Fercho, addressed the cuts.

Wells Fargo’s letter didn’t explain how it determined Christian was due only $15,000. She sold the home for $135,000 in 2013; Redfin now estimates it is worth about $250,000.

The latest issue in Wells Fargo’s mortgage business is a gap between the bank’s approval rates for Black and White homeowners who rushed to lower interest payments amid the Covid-19 pandemic.