by Brian Mahany Waiting for your slice of the $25 billion mortgage foreclosure settlement monies? You might be waiting for a long time. Like forever. While I realize the term “steal” as used in this title is a pretty serious accusation, even HUD is upset at what many states have done with the settlement funds. […]
Government Accuses Wells Fargo Of Massive Mortgage Fraud
[Post Updated] Lately we have been writing a lot of stories about Bank of America. It seems America’s biggest bank is also the most inept. Every now and then, however, they get a break and the bad headlines go to one of the other behemoth lenders. Today’s Wall of Shame honors go to Wells Fargo. […]
Homeowners Rejoice – Appeals Court Reinstates HAMP Denial Complaint
by Brian Mahany The term HAMP probably doesn’t mean much, unless you are one of the tens of millions of Americans struggling to pay their mortgage. HAMP stands for the Home Affordable Mortgage Program rolled out by the U.S. Treasury Department after the housing and mortgage crisis of 2008. The program includes mortgage modifications, rate […]
Ex Wells Fargo Brokers Defrauded Customers of Millions
Two former brokers working for Wachovia Securities were charged with securities fraud by the Securities and Exchange Commission. The government says William Harrison and Eddie Sawyers defrauded dozens of Wachovia customers out of at least $8 million. Wachovia is now known as Wells Fargo Advisors. According to court records, Harrison and Sawyer told their clients […]