Sat Mar 23, 2024 11:33 pm by globalturboWells Fargo's "How-to fraud mortgage manual" means this "Too Big To Fail" bank is going down
Subject: Wells Fargo's "How-to fraud mortgage manual" means this "Too Big To Fail" bank is going down
To:
Cc:
Know anyone in foreclosure, might want to pass this on to them...Laurel
Date: Mon, 24 Mar 2014 13:37:30 -0700
Subject: Wells Fargo's "How-to fraud mortgage manual" means this "Too Big To Fail" bank is going down
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To: laurel.z@hotmail.com
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Fact, not conspiracy theory: Wells Fargo's "How-to fraud mortgage manual” means this "Too Big To Fail" bank is going down
[PP NOTE: Here's the link to download the actual Wells Fargo 'how-to create mortgage fraud' manual.
http://stopforeclosurefraud.com/2014/03/11/wells-fargo-home-mortgage-foreclosure-attorney-procedure-manual-version-1-status-revision-3-origination-date-11092011-date-last-published-02242012/
CONSPIRACY FACT, NOT THEORY: WELLS FARGO'S MANUAL
Posted on March 13, 2014 by eggsistense
So, once again, the "conspiracy theory" that banks manuufacure/massage/manipulate the documents they need-but don't have-in the foreclosure context has proven to be conspiracy fact.
Indeed, the whistleblower that went to Naked Capitalism regarding Wells Fargo a year ago was not just, um�"whistling Dixie, as it turns out. Wells Fargo indeed doctors/manufactures documents,and according to a lawsuit in New York, they actually have a manual on how to do it! Naked Capitalism quotes a New York Post article about the lawsuit:
"In a filing in New York's Southern District in White Plains for a local homeowner in bankruptcy, attorney Linda Tirelli described a 150-page Wells Fargo Foreclosure Attorney Procedures Manual created November 9, 2011 and updated February 24, 2012. According to court papers, the Manual details â•~a procedure for processing [mortgage] notes without endorsements and obtaining endorsements and
allonges.'"
If Wells Fargo does it, you can rest assured that the other big banks do it-after all, they have to compete! Check out this quote that gets right to the heart of the kind of thinking that causes this copycat, groupthink fraud from an article entitled "Fiduciary Duty to Cheat? Stock Market Super-Star Jim Chanos Reveals the Perverse New Mindset of Financial Fraudsters":
"Because if now, as the senior member of a bank, or the board of a bank, I know that there are no criminal penalties for breaking the rules, don't I have a fiduciary responsibility to my shareholders to actually play fast and loose? Because if I get caught, that's just the cost of doing business?"
Yep. All the banks are doing it, not just Wells Fargo. We just don't have the other banks' manuals-yet.
https://libertyroadmedia.wordpress.com/2014/03/13/conspiracy-fact-not-theory-wells-fargos-manual/
----------------
This "Too Big to Fail" Bank Is Going Down
Mar 17th, 2014 | By Shah Gilani Last week I told you about "The Coming Curse of Zombie Foreclosures."
I described how folks - who thought they were foreclosed on – are suddenly finding out they are actually still on the hook for mortgage payments, taxes, and all kinds of maintenance on abandoned homes.
What I didn't tell you is that the nation's largest mortgage-issuing
bank - and the most profitable bank in 2013 - may have been bitten itself by the very zombie foreclosures it breeds.
And now it could be a dead bank walking.
The bank I'm talking about is Wells Fargo.
http://www.wallstreetinsightsandindictments.com/2014/03/big-fail-bank-going/
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Posted by John MacHaffie at 7:43 PM
Subject: Wells Fargo's "How-to fraud mortgage manual" means this "Too Big To Fail" bank is going down
To:
Cc:
Know anyone in foreclosure, might want to pass this on to them...Laurel
Date: Mon, 24 Mar 2014 13:37:30 -0700
Subject: Wells Fargo's "How-to fraud mortgage manual" means this "Too Big To Fail" bank is going down
From: Paycheck-Piracy-list-owner@mail-list.com
To: laurel.z@hotmail.com
Paycheck Piracy does not accept any liability or responsibility for the information provided by others. It is your duty to verify the accuracy and the legality of any information accessed via the Internet.
Please note: This message was sent from an auto-notification system that cannot accept incoming e-mails. Please do not reply to this message.
Paycheck Piracy:
Does not rent, sell, use or abuse the list of subscribers.
Does not insert any ads nor pop-ups into your message.
Does not send HTML email ('tracking' messages with different colors,fancy fonts, or pictures).
Does not track whether subscribers opened their email (requires HTMLemail).
-------------
Fact, not conspiracy theory: Wells Fargo's "How-to fraud mortgage manual” means this "Too Big To Fail" bank is going down
[PP NOTE: Here's the link to download the actual Wells Fargo 'how-to create mortgage fraud' manual.
http://stopforeclosurefraud.com/2014/03/11/wells-fargo-home-mortgage-foreclosure-attorney-procedure-manual-version-1-status-revision-3-origination-date-11092011-date-last-published-02242012/
CONSPIRACY FACT, NOT THEORY: WELLS FARGO'S MANUAL
Posted on March 13, 2014 by eggsistense
So, once again, the "conspiracy theory" that banks manuufacure/massage/manipulate the documents they need-but don't have-in the foreclosure context has proven to be conspiracy fact.
Indeed, the whistleblower that went to Naked Capitalism regarding Wells Fargo a year ago was not just, um�"whistling Dixie, as it turns out. Wells Fargo indeed doctors/manufactures documents,and according to a lawsuit in New York, they actually have a manual on how to do it! Naked Capitalism quotes a New York Post article about the lawsuit:
"In a filing in New York's Southern District in White Plains for a local homeowner in bankruptcy, attorney Linda Tirelli described a 150-page Wells Fargo Foreclosure Attorney Procedures Manual created November 9, 2011 and updated February 24, 2012. According to court papers, the Manual details â•~a procedure for processing [mortgage] notes without endorsements and obtaining endorsements and
allonges.'"
If Wells Fargo does it, you can rest assured that the other big banks do it-after all, they have to compete! Check out this quote that gets right to the heart of the kind of thinking that causes this copycat, groupthink fraud from an article entitled "Fiduciary Duty to Cheat? Stock Market Super-Star Jim Chanos Reveals the Perverse New Mindset of Financial Fraudsters":
"Because if now, as the senior member of a bank, or the board of a bank, I know that there are no criminal penalties for breaking the rules, don't I have a fiduciary responsibility to my shareholders to actually play fast and loose? Because if I get caught, that's just the cost of doing business?"
Yep. All the banks are doing it, not just Wells Fargo. We just don't have the other banks' manuals-yet.
https://libertyroadmedia.wordpress.com/2014/03/13/conspiracy-fact-not-theory-wells-fargos-manual/
----------------
This "Too Big to Fail" Bank Is Going Down
Mar 17th, 2014 | By Shah Gilani Last week I told you about "The Coming Curse of Zombie Foreclosures."
I described how folks - who thought they were foreclosed on – are suddenly finding out they are actually still on the hook for mortgage payments, taxes, and all kinds of maintenance on abandoned homes.
What I didn't tell you is that the nation's largest mortgage-issuing
bank - and the most profitable bank in 2013 - may have been bitten itself by the very zombie foreclosures it breeds.
And now it could be a dead bank walking.
The bank I'm talking about is Wells Fargo.
http://www.wallstreetinsightsandindictments.com/2014/03/big-fail-bank-going/
========================================
A consortium of services for people and companies.
http://www.preferredservices.org
---------------------------------------------------------------------
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To subscribe:
To unsubscribe:
To change your email address:
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To unsubscribe, or change your email address, click here.
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This message was launched into cyberspace to laurel.z@hotmail.com
Posted by John MacHaffie at 7:43 PM
