Wells Fargo Sued Over Reverse Mortgage Policies by Borrowers
(Updates with Wells Fargo’s comment in sixth paragraph.) Aug. 5 (Bloomberg) — Wells Fargo & Co. was accused in a group lawsuit of ignoring federal rules on reverse mortgages and forcing homes into...
View ArticleMortgage Debacle Costs Banks $66 Billion as Suits Sap Profit
By James Sterngold Sept. 16 (Bloomberg) — Faulty mortgages and foreclosure abuses have cost the nation’s five biggest home lenders at least $65.7 billion, according to a tally by Bloomberg News, and...
View ArticleSECURITIZED DISTRUST
by Gary Victor Dubin, Esq. Honolulu, Hawaii Securitized trusts — that is, the bundling and selling of shares therein to investors via a business merger between lenders and wall street (mortgage backed...
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