Fitch warns mortgage bond investors: Wells Fargo could keep more money for legal fees

Earlier this month, Wells Fargo unexpectedly kept $90 million away from residential mortgage-backed securities investors, stating that the bank needed the money to cover legal expenses. Now, Fitch Ratings is warning RMBS investors that Wells Fargo’s move may not be an isolated incident. In fact, it may be a harbinger of similar moves to come in the future.
Real Estate Lawyer Indianapolis Indiana
Jynell Berkshire

Ms. Berkshire is the founding attorney of BERKSHIRE LAW. Ms. Berkshire is a seasoned attorney who focuses her practice on real estate and business law, government relations, and certified business enterprises services. Read More >

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