The Settlement Class

The Class is defined as follows:

ALL BORROWERS WITH RESIDENTIAL MORTGAGE LOANS CLOSED ON OR AFTER MARCH 7, 2006 THROUGH JANUARY 1, 2008 THAT WERE ORIGINATED BY WELLS FARGO BANK AND BY NORTH STAR OR ITS SUBSIDIARIES, EXCLUDING BORROWERS WITH RESIDENTIAL MORTGAGE LOANS ORIGINATED BY WELLS FARGO BANK’S CORRESPONDENT LENDING DIVISION OR OTHERWISE PURCHASED ON THE SECONDARY MARKET.

The Settlement

The Defendants have agreed to create a Settlement Fund consisting of $12,500,000 (twelve million five hundred thousand dollars) to be divided among Class Members, after payment of any Court-approved attorneys’ fees and expenses, Case Contribution Awards to the Named Plaintiffs in recognition of their assistance in the prosecution of this Action, and payment of other costs and expenses of Settlement administration. This Settlement also releases certain claims against the Defendants.

A Final Approval Hearing was held on January 28, 2013, at 11:00 a.m. before the Honorable Paul S. Diamond, District Court Judge, United States District Court for the Eastern District of Pennsylvania, Philadelphia, Pennsylvania.

The Court entered an order on February 7, 2013, approving Plaintiffs’ Unopposed Motion for Final Approval of Class Action Settlement, Certification of Settlement Class, Approval of Plan of Allocation, Appointment of Class Representatives and Appointment of Lead Class Counsel and Class Counsel (the “Final Approval Order”).

The initial distribution to eligible Class members took place on April 23, 2013.

If you have questions about the Settlement in Liguori, et al. v. Wells Fargo & Company, et al., please send an email to: WellsFargoPMIsettlement@ktmc.com. This e-mail will go to Kessler Topaz Meltzer & Check, LLP, Lead Class Counsel, and will be directed to the individuals handling the Settlement. Lead Class Counsel has also set up a toll free number, (888) 246-3270, if you prefer to call with your questions.