so in two thousand and seven wells fargo's salesman decided to prey on one of their customers norman russo according to court documents the bank approached the russos about changing their mortgage from the fixed rate that they had a nice stable mortgage safe mortgage to an adjustable rate mortgage an arm rizzo's stress that they were really only interested in a fixed rate loan and that they wanted to pay the exact same payments throughout the right the life of their loan but they trusted the bank which was a big mistake so when wells fargo told them the new industry standard is adjustable rate mortgages and they could save more than six hundred dollars a month and mortgage payments and that the worst case scenario would be an increase of only a few dollars dollars on their monthly payments according to alter net the russos gave in to the salesman and took the new mortgage. but as alternate reports a few years later in two thousand and nine the russos knew that they were stuck with a bad deal their new interest rate was higher than it was before two thousand and seven and even before what t