Wells Fargo to Pay $17 Million to Illinois Pension Fund over Crisis-Era Mortgage Bonds

HousingWire, Dec. 6, 2018–Ben Lane
Wells Fargo will pay more than $17 million to a series of Illinois pension funds after settling with the state over the bank’s “misconduct in its marketing and sale of risky residential mortgage-backed securities leading up to the 2008 economic collapse,” Illinois Attorney General Lisa Madigan announced.