U.S. Government sues Wells Fargo for fraud mortgage loans - KSFY News - Sioux Falls, SD News, Weather, Sports

U.S. Government sues Wells Fargo for fraud mortgage loans

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The U.S. government is suing Wells Fargo over allegations of mortgage fraud. 

It accuses the bank of making fraudulent home mortgage loans-- costing the government $190 million dollars. 

The Federal Housing Administration says it had to pay insurance claims on defaulted loans that were falsely certified by Wells Fargo. 

Wells Fargo has denied the allegations. 

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