Wells Fargo & Co., the biggest U.S. home lender, said that federal regulators plan to forgo recommending enforcement action after completing a probe of offering documents for mortgage-backed securities, Bloomberg News reported yesterday. The U.S. Securities and Exchange Commission notified Wells Fargo on Nov. 20 that the previously announced probe was over, the San Francisco-based bank said yesterday in a regulatory filing. The firm said on Feb. 28 that it received a so-called Wells notice, a warning that regulators may recommend enforcement.
