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Wells Fargo this is a stick-up


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Wells Fargo’s New Scam: Involuntary Debt Trap


So it has come to light that Wells Fargo employees did the following:

On Thursday, federal regulators said Wells Fargo (WFC) employees secretly created millions of unauthorized bank and credit card accounts — without their customers knowing it — since 2011.

The phony accounts earned the bank unwarranted fees and allowed Wells Fargo employees to boost their sales figures and make more money.

“Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses,” Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement.

In other words, the bank went one step beyond what they normally do, which is to create money out of thin air when a customer requests it.  They obviously decided, “Why wait around for customers to come in and ask us to create money for them?  Why not just do it on our own?  That way…

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“The REMICs have failed! “The REMICs have failed!”

Deadly Clear

If Paul Revere were alive today he would be riding through the town warning “The REMICs have failed!” However, the government these days would go, “Shhhhhh!”

Most average homeowners have no idea what a REMIC is – actually most attorneys have no clue …. so, you know many of the Judges are completely in the dark.  REMICs are a form of IRS tax shelter sold to investors as part of the mortgage-backed securities package (Real Estate Mortgage Investment Conduit (“REMIC”) pursuant to I.R.C. §§860A-G).

The documents that killed the REMICs may actually help save your home.

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CHAIN OF NOTHING: Wells Fargo Fraud Is Causing the Curtain to Fall Revealing Fraud in Foreclosures and Ultimately Mortgage Bonds

Livinglies's Weblog

“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 of the New York times has revived the issues of fraudulent foreclosures in mainstream media by publishing a sharply critical attack on Wells Fargo. Like Elizabeth Warren has done, Morgenson brings attention to two connected policies of the TBTF banks: (1) the the recent revelation that Wells Fargo forced 8 accounts upon each customer of the commercial banking side of the bank — regardless of whether the customer even knew those accounts existed and (2) the obvious similarity with the fraudulent sales of MBS and the fraudulent foreclosures initiated by Wells Fargo.

Senator Elizabeth Warren…

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LXS 2007-12N, the whole series

I am sure many home-owners have this Trust as their Plaintiff, and some home-owners may know that this particular Trust and the whole series does not have a LOAN file and therefore this makes it almost impossible to use all the option available for instance if your loan was in a file whose name did not include the Plaintiff.

I have found the loan file to the whole LXS series from 2002 to 2008, what is important to note is that this loan file is in another Trust, with another name other than LXS.

If your loan is in this list, the name of the Plaintiff who is suing you may be another, this could be good news for you.

If you would like me to look up your loan numbers for you I would need some simple information;

All your Loan Numbers, the amount, the date, the zip. Send this information to malibubooks@gmail.com or call 786 274 0527


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Ocwen fixes previous settlement failures, faces two new failed tests

Justice League

Right as Ocwen Financial fixed previous compliance failures, the servicer is hit with two new compliance failures, according to the latest oversight report on Ocwen from the office of Joseph Smith, who is the monitor of the National Mortgage Settlement.

In the last report from the NMS, Ocwen failed to be back in compliance with one of the performance metrics of the National Mortgage Settlement that it failed in the second half of 2014. And because of those issues, Ocwen had to place 17,300 loans that “could have been affected” by this issue on foreclosure hold.

These issues are now resolved, according to the latest report.

Smith’s office permitted Ocwen to lift the foreclosure sale hold in July 2016 after it mailed corrected loan modification denial notices to affected borrowers and provided a sufficient timeframe for the borrower to appeal the denial.

Read on.

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