| Jul 12, 2012 12:27PM PRESS RELEASE: Wells Fargo & Company (NYSE:WFC) announced today a definitive settlement agreement between Wells Fargo Bank, N.A. and the U.S. Department of Justice (DOJ) that resolves the DOJ's previously disclosed claims that some Wells Fargo mortgages may have had a disparate impact on some African-American and Hispanic borrowers. The DOJ claims are based on a statistical survey of Wells Fargo Home Mortgage loans between 2004 and 2009, and the claims primarily relate to mortgages priced and... Jul 12, 2012 11:30AM There was heartening news this morning from CoreLogic which reports that nearly three-quarters of a million homes emerged from negative equity between the fourth quarter of 2011 and the first quarter of 2012. At the end of Q1 11.4 million homes, or 23.7 percent of all mortgaged residential properties in the U.S. were underwater, 700,000 fewer than the 12.1 million or 25.2 percent in the previous quarter. An additional 2.3 million borrowers had less than 5 percent equity, referred to as near-negative...
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