MSR sale lifts Wells Fargo stock Sure, it’ll affect account openings in the short term, but I think Toronto-Dominion will get this mess sorted out faster than Wells Fargo did. The stock currently trades. few years as the strong.Congress to consider changes to controversial CFPB complaint database Submit a complaint consumer tools Back. Consumer Complaint Database Mortgage database (hmda) consumer credit trends. CFPB Research Conference CFPB Researchers Help advance financial well-being Explore our national survey data and think about ways to empower families to achieve higher.
. procedures and daily auditing demonstrate that our foreclosure affidavits are accurate," it said. The announcement followed a Wall Street Journal report earlier Tuesday that said Wells Fargo was.
Court Ruling Upholds Foreclosure Sale Despite MERS’ Appeal The advantage of a Short Sale compared to a foreclosure is that you avoid having a “debt discharged due to foreclosure” on your credit file which can reduce your credit score by over 250 points and keep you from qualifying for a new home loan for up to 7 years. With a Short Sale you can qualify for a new home loan in just 24 months.
· And, the record, including the bank’s affidavits, failed to either prove reformation of the mortgage or refute the borrower’s affirmative defense. The bank admitted the mortgage did not include an accurate legal description, and alleged the inaccurate legal description was a mutual mistake.
House Bill Looks to Kill Yield Spread Premiums We will be following this debate, and will look at claims made. rate plus the portion of the yield spread that is relevant to taxpayers,” they wrote in the fiscal 2013 budget analysis. In a 2014.
Robo-Testifying In a Nutshell: The Triumph of Expediency Over Due Process in Foreclosure Cases. What is a robo-testifier or robo-witness? A person with little or no prior banking experience hired by the banks (servicers) for the job of testifying at hundreds of often back-to-back foreclosure trials who are specially trained by the servicers to give hearsay testimony on the banks’ behalf.
Wells Fargo Foreclosures Proceed After Data Queried. By Dakin Campbell and David Mildenberg – Oct 6, 2010 9:22 AM PT . Wells Fargo & Co. is standing by the accuracy of its foreclosure filings and won’t follow competitors in delaying seizures, after an employee testified he signed documents for proceedings without personally reviewing records.
“Our affidavit procedures and daily auditing demonstrate that our foreclosure affidavits are accurate,” Wells Fargo spokesman Chris Hammond told the San Francisco Business Times. “As a standard.
Ally Financial denies foreclosure moratorium white house doubts need to halt all foreclosures – Boston.com – · White House doubts need to halt all foreclosures In this photo provided by CBS, White House Senior Advisor David Axelrod talks about the upcoming midterm elections on.
And from Jacob Gaffney at Housing wire: wells fargo standing by accuracy of foreclosure affidavits The second largest servicer in the United States, Wells Fargo is not planning to review foreclosure affidavits in light of the robo-signer allegations at many of its competitors.
At a time in which foreclosure actions are expected to accelerate 20% in 2011, and 2.87 million properties were the subject of default notices, auctions, or repossession in 2010 (a 2% gain from 2009), and banks seized more than 1 million homes in 2010 (up 14% from 2009), the impact of the spectral hand of so-called "robosigning" has now.
If there was any doubt in your mind that banks have been forging evidence, put it to rest.According to the New York Post, an internal Wells Fargo manual has now leaked confirming the exact procedures Wells and its attorneys use to fabricate evidence in foreclosure cases-down to the computer codes they use to order production of falsified documents.