Comments on: Wells Fargo Names Most of California Severely Distressed http://loanworkout.org/2008/02/wells-fargo-names-most-of-california-severely-distressed/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: R. Miller http://loanworkout.org/2008/02/wells-fargo-names-most-of-california-severely-distressed/#comment-4579 R. Miller Sat, 15 Mar 2008 11:54:15 +0000 http://loanworkout.org/2008/02/27/wells-fargo-names-most-of-california-severely-distressed/#comment-4579 How much are they paying for whistleblowing that will cost someone their job? The person I know is thinking about a book deal. How much are they paying for whistleblowing that will cost someone their job? The person I know is thinking about a book deal.

]]> By: Moe http://loanworkout.org/2008/02/wells-fargo-names-most-of-california-severely-distressed/#comment-4577 Moe Mon, 03 Mar 2008 17:23:29 +0000 http://loanworkout.org/2008/02/27/wells-fargo-names-most-of-california-severely-distressed/#comment-4577 Thanks for taking the time to comment Lisa. There are a lot of good mortgage professionals like you out there that are suffering. Many of the very same lenders you all were committed to, have turned their backs on you all. In fact they are throwing you under the bus. It needs to stop. I wish you the best of luck! Thanks for taking the time to comment Lisa. There are a lot of good mortgage professionals like you out there that are suffering. Many of the very same lenders you all were committed to, have turned their backs on you all. In fact they are throwing you under the bus. It needs to stop.

I wish you the best of luck!

]]> By: Lisa Tait http://loanworkout.org/2008/02/wells-fargo-names-most-of-california-severely-distressed/#comment-4578 Lisa Tait Mon, 03 Mar 2008 14:51:06 +0000 http://loanworkout.org/2008/02/27/wells-fargo-names-most-of-california-severely-distressed/#comment-4578 Moe, I have been Mortgage Banking for 26 years and lost my job with Ownit Mortgage almost 15 months ago.I have enjoyed and followed ImplodeOMeter over the last year. Thought you may be interested in a "Blog" on Countrywide for your research. Google "EX cwinsider" this will give you up to date comments from "Former and Current Countrywide Employees". I had a lapse of my sanity I worked for 6 months at Full Spectrum about 4 years ago and the Managers strong arm and good old fashioned loan shark treatment of Sub Prime borrowers made me sick. I am so glad he and his entire branch went down. I can't help but wonder if he is now behind with his mortgage payments on his 3 million dollar beach house he had custom bulit while I was in his branch. Best of luck I will look for the ABC special. Moe,
I have been Mortgage Banking for 26 years and lost my job with Ownit Mortgage almost 15 months ago.I have enjoyed and followed ImplodeOMeter over the last year. Thought you may be interested in a “Blog” on Countrywide for your research.
Google “EX cwinsider” this will give you up to date comments from “Former and Current Countrywide Employees”. I had a lapse of my sanity I worked for 6 months at Full Spectrum about 4 years ago and the Managers strong arm and good old fashioned loan shark treatment of Sub Prime borrowers made me sick. I am so glad he and his entire branch went down. I can’t help but wonder if he is now behind with his mortgage payments on his 3 million dollar beach house he had custom bulit while I was in his branch. Best of luck I will look for the ABC special.

]]> By: Moe http://loanworkout.org/2008/02/wells-fargo-names-most-of-california-severely-distressed/#comment-10352 Moe Sat, 01 Mar 2008 19:48:04 +0000 http://loanworkout.org/2008/02/27/wells-fargo-names-most-of-california-severely-distressed/#comment-10352 I agree Aaron. But sooner or later, they to will have to face the piper and Peter isn't picking a peck of pickled peppers because Peter Piper picked a pack of "toxic pickled peppers" for which Peter isn't piping anymore. In fact, Peter is dead on the floor..................... I agree Aaron. But sooner or later, they to will have to face the piper and Peter isn’t picking a peck of pickled peppers because Peter Piper picked a pack of “toxic pickled peppers” for which Peter isn’t piping anymore.

In fact, Peter is dead on the floor…………………

]]> By: Aaron http://loanworkout.org/2008/02/wells-fargo-names-most-of-california-severely-distressed/#comment-10351 Aaron Fri, 29 Feb 2008 23:31:45 +0000 http://loanworkout.org/2008/02/27/wells-fargo-names-most-of-california-severely-distressed/#comment-10351 The funny part is Wells still hasn't marked down most of its portfolio, 30% of which is in California. So, the loans are junk where it suits them to cover their behinds and limit their exposure, but the loans are fine when it comes to avoiding write-downs and making earnings look good. The funny part is Wells still hasn’t marked down most of its portfolio, 30% of which is in California.

So, the loans are junk where it suits them to cover their behinds and limit their exposure, but the loans are fine when it comes to avoiding write-downs and making earnings look good.

]]> By: Tom http://loanworkout.org/2008/02/wells-fargo-names-most-of-california-severely-distressed/#comment-10353 Tom Wed, 27 Feb 2008 21:13:59 +0000 http://loanworkout.org/2008/02/27/wells-fargo-names-most-of-california-severely-distressed/#comment-10353 This doesn't look too good for the home team. Great info Moe, you've been mighty busy lately. Really like the new format. This doesn’t look too good for the home team. Great info Moe, you’ve been mighty busy lately. Really like the new format.

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