Arizona Bankruptcy Judge Orders Wells Fargo Exec Into Court To Explain Mortgage Servicer's Loan Modification Policy

In Phoenix, Arizona, KPHO-TV Channel 5 reports:

• A federal bankruptcy judge has ordered a top Wells Fargo executive to testify in court about the bank's loan modification policies. The order came in response to a Phoenix woman's complaint that Wells Fargo had ignored her modification request. "I sent them everything they asked for, and then when I called to follow up they said, 'What paperwork? What modification? We don't know what you're talking about,'" said Bobbi Giguere.

• Giguere said she applied for a modification after she lost her job in December. Instead, she said she received a notice of foreclosure while she thought she was still trying to work out a deal with Wells Fargo. Now Judge Randolph Haines wants a senior officer at Wells Fargo to defend the charges.

For the story, see Judge To Bank: Explain Mortgage Policies (Judge Orders Wells Fargo Executive To Testify About Loan Modification Policies).