Wells Fargo Home Mortgage Agreement Settles NJ “Pick-A-Payment” Mortgage Investigation

TRENTON –Wells Fargo Home Mortgage has agreed to provide New Jersey consumers with nearly $67 million in loan modifications and pay the state $3.98 million to resolve allegations that companies it acquired – Wachovia Corporation, Golden West and World Savings — deceptively marketed adjustable rate mortgage loans, Attorney General Paula T. Dow announced Wednesday.