It’s “politics as usual” in California – more publicity than substance. On December 20, 2011 the California Attorney General’s office announced a settlement with Wells Fargo Bank (WFB) “worth more than $2 billion to Californians with risky adjustable-rate mortgages.” It didn’t say that this value is possibly attained only IF all eligible borrowers complete the […]
Archive for December, 2010
Get The Wells Fargo Bank – California Settlement
Yesterday’s “big news” in California, and even national, real estate news was about the “$2 billion” settlement reached between the California Attorney General and Wells Fargo Bank regarding “pick-a-pay” loans. It made for good publicity but does it make for any benefit to borrowers? Registered readers can get your own copy of the “settlement” (actually titled […]
It’s OK To Be Unfair When You’re The Bank
A Federal District Court once again affirms what those of us involved with short sales and loan modifications have been experiencing all along: It’s Okay To Be Unfair With Borrowers When You’re The Bank. On December 13, 2010, a federal district court in Oregon found in Vida vs. OneWest Bank FSB that the borrower does not have […]
