Wells Fargo extends foreclosure moratorium
Wells Fargo Home Mortgage, the nation's largest mortgage originator, said Wednesday that it extended its foreclosure moratorium on loans it owns to March 13 as it works to help implement the Obama administration's foreclosure prevention plan.
Wells Fargo & Co. said Wednesday it would refile paperwork in 55,000 foreclosure cases because of mistakes in some of the documents but said it wouldn't suspend efforts to seize borrowers' homes as some other mortgage firms have done.