Iowa Independent
Subscribe to our RSS feed   -    Follow us on Twitter

Stories

Former Wells Fargo employee says race played a factor in subprime lending

By Jason Hancock 8/31/09

A former loan officer for Wells Fargo & Co. told Democracy Now’s Amy Goodman that accusations of racially biased lending practices at the nation’s largest mortgage provider are true.
The revelations could resonate in Iowa, where two groups have made similar accusations against the company.

Wells Fargo accused of racial discrimination in lending practices

By Jason Hancock 8/27/09

Minority homeowners in Des Moines were three times as likely to receive high-cost subprime mortgage loans from Wells Fargo & Co. as white homeowners, according to research assembled by two watchdog organizations.

Wells Fargo buys Wachovia

By Jason Hancock 10/3/08

Wells Fargo & Co., which employs nearly 13,000 Iowans, announced today that it will purchase Wachovia for $15.4 billion in stock with no help from the federal government.

  • © 2007-2009 The Iowa Independent