Hoping to goose house sales, Wells Fargo announced this week that it's donating $23 million to downpayment assistance programs for LA and Atlanta, and "plans to make $11.8 billion in home-purchase loans over the next five years in the two cities." Reuters reports that the bank will also host events in LA and Atlanta next month, including tours of area homes up for sale. Whether this is altruism or PR or a little of both, who knows for sure--Wells Fargo is currently "in negotiations with state and federal officials to settle an investigation of foreclosure-related abuses." [Reuters]
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