Wednesday, February 18, 2009

Wells Fargo Extends Foreclosure Moratorium

Wells Fargo Home Mortgage, the nation’s largest mortgage originator, announced today it has extended its foreclosure moratorium on loans it owns to March 13.

In a statement, Mike Heid, co-president, said this was done "to give at-risk customers time to explore the new solutions in the Administration’s plan with us for loans Wells Fargo owns, we will not proceed with home foreclosure sales until at least March 13".

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