In a dispute between the attorney for the homeowner and the attorney for the alleged “lender”, there are a number of devices that are nearly universally applied across the country in order to ridicule and defeat the homeowner. The more you are aware of them, the better you will be prepared to deal with them. …
…homeowners would do well to consider the possibility that they don’t deserve to be dunned in collection or foreclosure because they are only the victims of a perverse scheme that gives them money to sign papers and then punishes them for having done so I take the position that if the investment banks want to make …
In order to maintain the illusion of legality and an orderly marketplace the banks and their servicers must continue to push foreclosures even if it means going after people who are not actually withholding payments. The legacy of the mortgage meltdown and the brainless government policies that let the banks get away with what they …
If you think foreclosures are a thing of the past, think again Read More »
In an increasing number of foreclosure cases, homeowners are going head to head with the lawyers who file claims on behalf of entities on the basis of fabricated and/or forged instruments that in many cases were also recorded in county records. Lawyers like Dan Khwaja in Illinois are getting clearer and clearer about it. They …
Sheila Bair (ex FDIC Chairwoman) has always understood. She was fired for understanding. It’s hard to understand that the TBTF banks were NOT speculating and never lost any money. Harder still to understand how they stole trillions of dollars from the US economy. And finally harder still to understand how “lenders” could cause a crash. …
Sheila Bair Had a Plan to Make Banks Pay for Dishonest Dealing Causing the 2008 Crash Read More »
This was no mistake. It is one of many ploys to make modification unlikely or impossible. WFB wants foreclosures not modifications. That way they get to steal from investors, steal from homeowners and get away with it! Once again, WFB is caught cheating homeowners, producing needless foreclosures (using the so-called “modification” process), leaving the homeowners …
The five largest U.S. banks have a combined loan portfolio of almost $3.8 trillion, which represents 40% of the total loans handed out by all U.S. commercial banks. See Forbes: $3.8 Trillion in Portfolio Loans I can spot around $300 billion that isn’t real. Let us help you plan your foreclosure defense strategy, discovery requests and …
https://johnchiang.com/add-your-name-wells-fargo-must-root-out-fraud-and-corruption/ The John Chiang for California Governor is asking for a full, transparent investigation to fire executives responsible for the latest Wells Fargo scandals. At least he acknolwedged Wells Fargo is a criminal enterprise. Wells Fargo just admitted signing up hundreds of thousands of customers for auto-loan insurance they didn’t want or need. It’s time …
Add your name: Wells Fargo must root out fraud and corruption Read More »
Wells Fargo’s legal challenges pile up as the bank tries to rebuild customer trust Kevin McCoy, USA TODAY Published 1:01 p.m. ET Aug. 8, 2017 | Updated 1:26 p.m. ET Aug. 8, 2017 https://www.usatoday.com/story/money/2017/08/08/wells-fargo-legal-challenges-pile-up/548186001/ Play Video Wells Fargo CEO Tim Sloan took over the company last year after the fake accounts scandal. Time (Photo: Justin …
Wells Fargo customer: It felt like my car was held as extortion by Matt Egan @mattmegan5 August 8, 2017: 10:38 AM ET http://money.cnn.com/2017/08/08/investing/wells-fargo-auto-insurance-scandal/index.html Wells Fargo CEO: We must get back America’s trust Imagine keeping up with your Wells Fargo car loan payment every month — but having your vehicle repossessed anyway. That’s exactly what …
Wells Fargo customer: It felt like my car was held as extortion Read More »
https://www.cnbc.com/2017/08/04/wells-fargo-shares-fall-after-filing-warns-may-find-significant-increase-in-unauthorized-accounts.html Wells Fargo shares fall after filing warns may find ‘significant increase’ in unauthorized accounts Evelyn Cheng | @chengevelyn Lucas Jackson | Reuters Tim Sloan, Chief Executive Officer of Wells Fargo & Company Wells Fargo shares fell Friday after a filing with the U.S. Securities and Exchange Commission showed a new review of the …
David Dayen also joins Ring of Fire Radio withScott Millican today. By Scott Millican – August 4, 2017 https://www.youtube.com/watch?v=2DAvoAxehGw Today on Ring of Fire, Investigative Journalist, David Dayen, will join us to unpack the latest Wells Fargo Bank scandal and why he thinks they should receive the corporate death penalty.
ByDavid Dayen; illustrated byLia Kantrowitz Jul 17 2017, 4:27pm The bank became notorious last year for creating fake accounts on behalf of customers. Now it’s trying to kill a class-action lawsuit over shady debit card fees. Wells Fargo became a poster child for corporations that abuse their own customers last year when it got fined …
David Dayen: Wells Fargo Is Trying to Bury Another Massive Scandal Read More »
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 »
Editor’s Note: Wells Fargo is a lawless operation that exploits unsuspecting consumers by opening accounts in their name without permission, and modifying and foreclosing on homes it doesn’t own with fabricated notes and fraudulent documents. Not to mention participating in identity theft and accessing credit reports without authorization. Meanwhile, for the most part, Wells …
NYTimes Gretchen Morgenson: Wells Fargo accused of making improper changes to Mortgages Read More »
By Kristine Phillips May 4 A man passes by a Wells Fargo bank in Oakland, Calif. (Ben Margot/AP) On “Hit the Streets Thursday,” Wells Fargo bankers and tellers, specifically those of Latino descent, scouted the streets and Social Security offices for potential clients. Their goal: Find undocumented immigrants, take them to a local branch and …
Wells Fargo targeted undocumented immigrants, stalked street corners, lawsuit claims Read More »
https://seekingalpha.com/article/4062540-wells-fargo-get-past-behind John M. Mason It is remarkable how well Wells Fargo is performing given all that management is facing these days resulting from the “scandal” in the retail banking division. New leadership has been put in place, but there is still little evidence that “control” has been reestablished and a new culture has been implemented. …
by the Lendinglies Team Wells Fargo’s Q4 earnings last year created an alarm because with rising interest rates, bad publicity, and a slew of lawsuits from investors, governmental entities and homeowners, Wells Fargo appeared to be in for a rough ride. Residential mortgage applications also plunged in Q4 by $25 billion from the prior quarter, …
Wells Fargo loan applications and originations plunge Read More »
By the Lending Lies Team Too Big to Fail behemoth Wells Fargo faces another lawsuit over faulty residential mortgage-backed securities. As investors become aware of the fraudulent securities purchased, more lawsuits are sure to be ignited. According to a Reuters article by Jonathan Stempel, U.S. District Judge Katherine Polk Failla in Manhattan said on Thursday …
Wells Fargo faces another Investor lawsuit over defective mortgage securities Read More »
https://cloudedtitlesblog.com/2017/03/03/missouri-supreme-court-upholds-sanctions-against-wells-fargo/ From the Clouded Titles Blog: https://cloudedtitlesblog.com/2017/03/03/missouri-supreme-court-upholds-sanctions-against-wells-fargo/ BREAKING NEWS — Whether you’ve caught wind of this or not, Missouri Attorney Greg Leyh will have a shot in front of a rural Missouri county jury to convince them that Wells Fargo’s (and others’) actions in wrongfully foreclosing against David and Crystal Holm of Clinton County warrant …
http://www.fltimes.com/opinion/the-bigger-picture-foreclosure-fight/article_8221132a-e7bd-11e6-a8ee-3b3290e2624c.html THE BIGGER PICTURE: Foreclosure fight By SPENCER TULIS nyp2904@yahoo.com In 1998, Leanne Labadee bought a three-unit home on Ogden Street in Penn Yan for $75,000. The 50-year-old faithfully paid her mortgage every month, the majority of the time with money orders. She never missed a payment. Like many, she received notices …
Wells Fargo Foreclosure: Another Unconscionable Foreclosure Tale Read More »
What is unique and instructive about this decision from the Montana Supreme Court is that it gives details of each and every fraudulent, wrongful and otherwise illegal acts that were committed by a self-proclaimed servicer and the “defective” trustee on the deed of trust. You need to read the case to see how many different …
“Defendant Wells Fargo’s deceptive and intentional conduct displayed a complete and total disregard for the rights” of the couple, wrote Judge Elliott, a circuit judge in the 43rd Judicial District of Missouri. “Wells Fargo took its money and moved on, with complete disregard to the human damage left in its wake.” see http://www.nytimes.com/2016/09/22/business/in-wells-fargos-bogus-accounts-echoes-of-foreclosure-abuses.html?_r=0 Gretchen Morgenson …
By the Lending Lies Team It is now obvious that the major banks have gone rogue. The latest Wall Street scandal shows that 5,800 Wells Fargo employees engaged in identity theft by knowingly setting up ghost accounts not only to bolster their sales commissions but to improve Wells Fargo’s bottom line. Where is the outrage? …
It's Magic! Wells Fargo creates New Accounts, Customers and Mortgage Instruments! Read More »
