Currently viewing the tag: "Wells Fargo"
Massachusetts Court to Wells Fargo: HAMP Loan Mods are Enforceable
February 1, 2011 by CULIK LAW
Federal Judge F. Dennis Saylor, IV of the Worcester division of the United States Court for the District of Massachusetts has recently denied an attempt by Wells Fargo to dismiss homeowners’ claims against it. The issue was whether the trial loan modifications sent by Wells Fargo to homeowners were enforceable contracts. (Culik Law has a [...]
Continue Reading →More Mortgage Companies Being Sued for Predatory Lending (CNN)
October 8, 2009 by CULIK LAW
CNN reports that predatory lending lawsuits are increasing, and many homeowners are winning: “While many of these suits are still winding their way through the legal system, some banks have already settled for millions of dollars.” Defendants include some of the biggest names in the mortgage business — Wells Fargo, CitiMortgage, and Bank of America [...]
Continue Reading →The Mortgage-Servicing Industry’s Checkered Past (AP)
August 5, 2009 by CULIK LAW
AP IMPACT: Gov’t mortgage partners sued for abuses By DANIEL WAGNER (AP) WASHINGTON — Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through — and enriching — companies accused of preying on the people they’re supposed to help, an Associated Press investigation has found. The companies, known [...]
Continue Reading →Wells Fargo Accused of Predatory Lending to Blacks
June 8, 2009 by CULIK LAW
Baltimore officials have sued Wells Fargo in Baltimore for predatory lending, steering blacks into high-interest subprime mortgages. The New York Times reports: Wells Fargo, Ms. Jacobson said in an interview, saw the black community as fertile ground for subprime mortgages, as working-class blacks were hungry to be a part of the nation’s home-owning mania. Loan [...]
Continue Reading →Untitled Document "I cannot thank you enough for the stellar work you did on my Loan Modification. I tried it myself with no success. You were the expert I needed! You were friendly with me and relentless with the bank. You never lost patience nor spirit. You took it to every level necessary to win. AND WIN WE DID. The Modification you obtained cut over a thousand dollars from my monthly mortgage payment! I can keep my house!" Sincerely yours, Robert N.
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