So we just got a letter and a refund of our excessive PMI from Wells Fargo Home Mortgage. The gist of it was that they neglected to include all of the PMI cancellation options when we asked. They provided a refund and interest of the excess PMI payments from the date they gave incorrect information until either the date that they provided the correct information (never) or the data that we were no longer required to carry PMI.
I wonder if they finally got hit with a class action for this particular scam or if they just had to issue refunds as part of a settlement for their other abuses. I guess I'm happy that we got the refund eventually, but I wish there was better enforcement of the consumer laws in general.
