New Customers Shocked Wells Fargo Hasn’t Been Counting Mortgage Payments | NBC Nightly News



Wells Fargo put people in a program that puts a hold on their mortgages to protect them during the coronavirus pandemic — even though customers in 14 states didn’t need the help. Now their mortgage payments aren’t being credited.
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Customers Shocked Wells Fargo Hasn’t Been Counting Mortgage Payments | NBC Nightly News

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  6. So when looking into this problem what happens is they put your payment on hold for a certain about of months.Interest accrues during that time.
    So depending on how long you go without a paying.By the time you make a payment more of your money would be going towards the interest.

    So save the interest accused over the months was 200 dollars and your payment is 500.200 would go towards interest while the rest goes towards your principal. And then your payments would be back to normal.

    If the interest accrual was 1000 and your payment is 500.Then all over your payment would go towards interest so thay would be 2 months your principal balance would stay the same.

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  9. Chris Alden in Alaska

    Wells Fargo allows fraud. They allowed an ex with no legal standing to use me as a co-signer without my knowledge. They also allowed her to use a vehicle as some sort of collateral. I found this out 10 years after when they sent her checks in both our names and she wanted me to co-sign to get the money. I wont as they were obtainedfraudulently but I’m sure she signed my name and cashed them.

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  11. Christophe KLINGER

    Don’t you mess with the free market otherwise it would be socialism.

  12. Never do business with Wells Fargo.

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  14. Lorna Valcin

    Oh my stars! I lost my car because Chase never received a payment from Wells Fargo yet theyvtook the money out of my account.

  15. Margaret Alexander

    What a shame for institutions to be a hazard, a detriment in people's life, rather than a genuine helper! WHY, NOW, OF ALL THE TIMES, WHEN INDIVIDUALS, ARE SO STRESSED BY COVID? WHAT HAS GONE WRONG WITH PEOPLE WHO ARE ENTRUSTED, TO IMPROVE CITIZENS LIVES? HOW "ROUGEISH", HOW INHUMANE COULD FINANCIAL INSTITUTIONS BE? GOD! WORK ON HUMANS, THAT THEY REFLECT GOOD CONSCIENCES AND DEEDS! AMEN!

  16. stephen pylant

    Same thing happened to me today! Figured id see what was on you tube about it…and….shocker, Im not the only one. why? And who benefits from this?

  17. Close your bank accounts with Wells Fargo, pay off your loans with Wells Fargo, and have nothing to do with Wells Fargo, then they will listen to you.

  18. Robert Villarreal

    I was just trying to resolve Wilson County Church Incident

  19. Mauritius Dunfagel

    Wells Fargo is absolutely the worst bank ever! Go to a credit union.

  20. Happened to my dad also 87 years old

  21. Wells Fargo is so F'ing crooked it's insane!

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