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 […]

Tags: investor fraud, Judge Katherine Polk Failla, Wells Fargo
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Unless you are banker stealing homes through the fraudulent abuse of the foreclosure process there is no free house. It is not rationale nor legal for anyone to tell a homeowner that because he or she cannot identify the source of funds for their “loan” the creditor MUST be in the chain of the party […]

Tags: dark pool, free house, good faith, HDC, holder in due course, investor fraud, knowledge of borrower defenses, value paid
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