Category Archives: Wells Fargo
Are banks like Wells Fargo the new slumlords? Pam Ragland’s post-foreclosure story.
Though it gets less publicity these days than it did in years past, the foreclosure crisis in the U.S. lingers. Sometimes it isn’t even the homeowners who suffer most from foreclosure. Approximately 40% of the time, according to some estimates, … Continue reading
Wells Fargo Beatdown over endorsements that are not “genuine”
Here at LRM, I have written a lot about the importance of endorsements on promissory notes, specifically what has come to be known as a “ta-da” endorsement, which is roughly defined thusly: “…endorsements that magically turn up on promissory notes … Continue reading
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 … Continue reading
LIBERTY ROAD COMIX: NEW FEATURE
A new, periodic feature here at LRM—a cartoon or comic. In the past I have done some cartooning under the titles “Eggs Is Tense” and “Free Country.” I miss doing it and occasionally get ideas for cartoons and figured, why … Continue reading
“Substantial Evidence” of “Forged” Endorsements: Wells Fargo Loses One
The money quote (pun very much intended) from Judge Robert Drain’s Memorandum of Decision, filed yesterday in a New York bankruptcy case regarding a Texas property in which attorney Linda Tirelli is representing the homeowner: I conclude that the foregoing … Continue reading
JPMORGAN CHASE DEPOSITION: VOIDING ENDORSEMENTS, CREATING ALLONGES AND ENDORSEMENTS, THE “SWIRL”
Let’s jump in the wayback machine regarding some of the big banks and their robosigning/alteration/forgery/paper terrorism/document-manufacturing for a second before we get into the deposition testimony from a “senior operation specialist” with JPMorgan Chase promised in the headline. Remember Linda … Continue reading
NO ENDORSEMENT, NO NEGOTIATION–NO NEGOTIATION, NO SECURITIZATION
Incredible story making the rounds the last few days about a rather high percentage of unendorsed notes being offered by the Bank of New York in foreclosure/bankruptcy cases. As high as 79%. That’s more than three quarters of the notes … Continue reading
FAKE ENDORSEMENTS: JUDGE IN WELLS FARGO CASE ON RIGHT TRACK
The Wells Fargo “Mortgage Foreclosure Attorney Procedure Manual” continues to make news. Now the judge in the case that brought all this to light is saying the following: At the hearing, attorney David Dunn said the bank’s note endorsement process … Continue reading