Wells Fargo

Wells Fargo and Deutsche Ignore Building Codes

(Source: NYDailyNews BY Daniel Beekman) – Bronx foreclosures have racked up hundreds of building code violations of the type that led to a deadly fire on Prospect Ave., according to new report released on Monday.


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Banks’ Billion-Dollar Idea: Sell Your Shopping Data

NEW YORK (Source: CNNMoney By Blake Ellis) — Banks have found a new revenue stream — and this time, it doesn’t involve hitting you up with a new fee.


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10 Regional Banks the Government Loves

(Source: Seeking Alpha) – A lot of banks are hated. They’re hated by the government, sued by state attorney generals, the subject of endless and costly law suits. I’m talking about Bank of America (BAC), J.P. Morgan (JPM), Citigroup (C), [...]


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Big Banks Bow Out of Reverse Mortgage Market

(Source: U.S. News & World Report by Meg Handley) Seniors will have fewer avenues to secure steady retirement income, now that the two largest lenders in the reverse-mortgage business have decided to discontinue offering the product. Wells Fargo, the nation’s [...]


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Panel Revives Banks’ Suit Against MBIA Over 2009 Breakup

(Source: New York Law Journal by Brendan Pierson) A $5 billion fraud suit against bond insurer MBIA over its 2009 breakup is not preempted by New York’s Insurance Law, the Court of Appeals ruled yesterday. In allowing the case to [...]


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What Some Banks Don’t Want You to Know

(Source: New York Times (blog) by Jay Goltz) Several weeks ago, the top small-business bankers at Wells Fargo agreed to take questions from You’re the Boss readers. For reasons that escape me, I’ve found that bankers are often reluctant to [...]


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Liberal Billionaire Bankers Paid ACORN to Hurt Wells Fargo

(Source: Fox News By Matthew Vadum) – Subprime mortgage hucksters Herb and Marion Sandler, who founded the S&L known as World Savings Bank, paid ACORN around $11 million.


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Bank Gives Man Foreclosed House for Free

(Source: The Florida Times-Union By Roger Bull)  – Perry Laspina was in the middle of foreclosure with the possibility of losing the house he owned in Jacksonville. Then the mail came one day in late January telling him that the [...]


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Wachovia Investigated Over Mortgage Bond Sales

(Source: London guardian) – Wachovia, the US bank brought to its knees by the credit crisis, could soon face civil charges for allegedly mis-selling high-risk mortgage bonds.


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Issue in Talks: Loan Remedies

(Source: The Charlotte Observer By Rick Rothacker) – Reducing loan balances for struggling borrowers is shaping up as a contentious issue heading into settlement talks today between mortgage servicers and government officials over an investigation of foreclosure abuses.


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