Tag: Wells Fargo

National Mortgage Settlement Monitor Announces New Metrics to Test Servicer Noncompliance, Banks Promise To Do Better…Again
By October 3, 2013 0 Comments Read More →

National Mortgage Settlement Monitor Announces New Metrics to Test Servicer Noncompliance, Banks Promise To Do Better…Again

Let’s begin with a simple question. If Charles Manson promised to stop acting crazy, would you let him out or would you double-check the bolt on his cell door? This week mortgage industry headlines were abuzz as New York Attorney General Schneiderman announced a lawsuit against Wells Fargo for more than 210 violations of the […]

Posted in: Features
By August 9, 2013 2 Comments Read More →

Ninth Circuit Adopts Wigod: Lender Contractually Obligated to Offer Permanent Modification If Borrower Complies With TPP

An important new opinion is out from the Ninth Circuit holding that Wells Fargo was contractually obligated to offer a permanent modification after the plaintiff-homeowners fully complied with the terms of their HAMP trial period plan. In Corvello v. Wells Fargo Bank, the Ninth Circuit reversed a California district court’s dismissal of plaintiffs’ breach of […]

Posted in: News and Events
Young v. Wells Fargo: First Circuit Holds That Failure to Timely Convert Trial Modification Gives Rise to Breach of Contract Claim
By May 28, 2013 1 Comments Read More →

Young v. Wells Fargo: First Circuit Holds That Failure to Timely Convert Trial Modification Gives Rise to Breach of Contract Claim

Yet another circuit has held that a servicer may be held liable for failure to timely convert a trial loan modification to a permanent modification. The Sadly Typical Story of Susan K. Young The facts in Young v. Wells Fargo are unfortunately typical but also appalling. Plaintiff Susan Young ‘s income fell in 2008 after […]

Posted in: Cases
By April 17, 2013 0 Comments Read More →

Judge Throws Out Judicial Foreclosure by Wells Fargo Against Elderly Oregon Woman Who Never Missed A Payment

ABC News today reported that Delores Dingman, an 80-year old Tualatin woman, finally won her 3-year long battle against Wells Fargo to save her home of 46 years. The problem for Wells Fargo: Dingman never missed a payment and Wells Fargo failed to prove otherwise. Dingman spent $12,000 in attorney fees and repeatedly tried to […]

Posted in: News and Events
By March 10, 2013 0 Comments Read More →

Big Banks Caught Foreclosing on Homeowners Not Even in Default, Service Members on Active Duty

The now much maligned Independent Foreclosure Review was canceled by regulators amid a tsunami of complaints from consumer advocates and whistleblower allegations from the paid reviewers alleging that the whole process was an expensive sham. The OCC has come under heavy fire for botching things from the outset and then trying to cover up what […]

Posted in: News and Events
By March 10, 2013 0 Comments Read More →

Wells Fargo Forecloses Despite Discovering Error, Elderly Homeowner Collapses and Dies in Court

Man pays property taxes six months in advance. Wells Fargo erroneously concludes that man is behind on taxes and doubles his mortgage, sending man into default. Man gets attorney. Wells Fargo admits its error but commences a foreclosure anyway. Man challenges foreclosure, but collapses and dies in court. But he’s just a deadbeat who stopped […]

Posted in: News and Events
By March 7, 2013 1 Comments Read More →

Wells Fargo Whistleblower Describes Massive In-House Document Altering Operation

Naked Capitalism apparently has moved on from its expose on Bank of America’s questionable practices and is now taking aim at Wells Fargo. The popular blog today reports that a whistleblower is alleging that Wells Fargo has been doctoring documents in house for over fifteen months for borrowers who are targeted for foreclosure. It was […]

Posted in: News and Events
By January 15, 2013 0 Comments Read More →

Massachusetts Charges That Big Five Banks Are Still Filing Robosigned Affidavits

The National Mortgage Settlement was supposed to put an end to the illegal practice of robosigning false affidavits used to foreclose on homeowners. But a watchdog group in Massachusetts reviewed affidavits filed after the settlement and discovered at least 200 that did not comply with the new standards. The National Settlement Monitor, Joseph Smith, released […]

Posted in: News and Events
By January 7, 2013 0 Comments Read More →

Wells Fargo Home Preservation Workshop on January 17

Wells Fargo will be holding a Home Preservation Workshop on January 17, 2012 from 9am to 7pm at the Oregon Convention Center. Wells Fargo homeowners who are struggling with their mortgage payments are welcome to attend. More than 3,750 homeowners in default have been invited to attend. Although walk-ins are permitted, Wells Fargo recommends that […]

Posted in: News and Events