Lewis: Wells Fargo so big its suing itself

One of the ways the big San Francisco-based bank has sought to avoid full responsibility for its. Wells Fargo did indeed set itself apart by engaging in a pattern of fraud against folks who simply.

The big bank’s disregard for its customers. to conduct itself in this particular situation. Since the bank’s behavior was not due to error, the judge asserted that it was deliberate, and therefore.

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The city alleges that Wells Fargo intentionally placed minority borrowers into loans they couldn’t afford since at least 2004. As Wells Fargo continues to grow and to play its hand at shaping policy, so too do the institution’s legal woes (Inquisitr 2009, Wells Fargo even sues itself!). What’s unclear is whether Wells Fargo Bank wants to.

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Under and by virtue of the power of sale contained in that certain Deed to Secure Debt from So Nina Lee to ABN AMRO Mortgage Group, Inc. in the original principal amount of $117,600.00 dated 11/09.

Manhattan U.S. Attorney Preet Bharara and the U.S. Department of Housing and Urban Development filed a civil mortgage fraud lawsuit. itself against this action. Wells Fargo is proud of its long.

And then Wells Fargo hired another Tampa law firm — Kass, Shuler, Solomon, Spector, Foyle & Singer P.A. — to defend itself against its own lawsuit, according to court documents.

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Last fall you could almost feel the shudder passing through boardrooms. A federal judge in California refused to dismiss lawsuits against 15 present and former directors of Wells Fargo & Co. over its massive fake-account scandal. "It is implausible the Director Defendants were unaware of the.

But its nontraditional approach to mortgages did not come without scrutiny. The U.S. Department of Justice filed a lawsuit. itself in the new home purchase lending sector, or loan servicing,