866-216-4126

Pimco Group

Wells Fargo as MBS trustee ‘looted’ trusts to pay legal fees

3 Comments / foreclosure / By

http://www.reuters.com/article/us-otc-pimco-idUSKBN19X2NV Alison Frankel (Reuters) – Several Pimco investment funds are accusing the mortgage-backed securities trustee Wells Fargo of misusing noteholder money to pay its own legal expenses. In a newly filed complaint in Manhattan State Supreme Court, the Pimco funds are asking for a declaratory judgment that Wells Fargo is not entitled to use MBS trust …

Wells Fargo as MBS trustee ‘looted’ trusts to pay legal fees Read More »

Traveling on Empty for 35 Years, U.S. Government Traps Itself Into Teaser Rates Now Ready for Reset

10 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

NOW AVAILABLE ON KINDLE/AMAZON! SEE calhoun_testimony LITANY of MORTGAGE LENDING ABUSES AND OTHER BANK ABUSES Admitted by Responsible Lending Association Isn’t it interesting, frustrating, maddening that not only did Wall Street do it to 20 million homeowners in one form or another, they did it to the Federal Government too, which means they spread their …

Traveling on Empty for 35 Years, U.S. Government Traps Itself Into Teaser Rates Now Ready for Reset Read More »

Scroll to Top