Wells Fargo

Big banks report; Why Goldman is different

01/13/17

Big banks report; Why Goldman is different

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Wells Fargo's new sales goals reward group performance

01/11/17

Wells Fargo announced it was making changes to the way it pays branch employees as the bank tries to repair the damage from its phony account scandal last year.

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As the details

03/20/12

As the details of the Mortgage Settlement Agreement, the deal between 49 of 50 states and the U.S. on one side, and BanK of America, Wells Fargo, CitiBank, Ally Financial, and JP Morgan/Chase on the other, become analyzed, it a HUGE win for the Banks. The not only received a "Get Out Of Jail Free" card but are now assured that there will no jail and the cost will not hurt profits.

Quoting from the March 13, 2012 American Banker's article about the agreement

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Despite Bad Behavior By Wells Fargo, Court Finds That Broad Remedial Injunction Was Unwarranted

07/23/11
Despite clear cut abuse by a mortgage lender, the Fifth Circuit has found that a bankruptcy court lacked authority to enter a broad remedial injunction requiring Wells Fargo to conduct an extensive audit of claims filed in the Eastern District of Louisiana. Matter of Stewart, No. 09-30832 (5th Cir. 7/22/11). You can find the opinion here.
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Owners of The Georgian Building in Silver Spring, Maryland File for Chapter 11 Bankruptcy Protection

06/23/11

On Wednesday, two related companies – Stellar GT TIC LLC and VFF TIC LLC – voluntarily filed for chapter 11 protection in the bankruptcy court in Greenbelt, Maryland with a pre-negotiated plan of reorganization.  The companies own an 891-unit multi-family high rise property (consisting of two 14-story apartment buildings) located at 8750 Georgia Avenue in [...]

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Record 2.9 million Foreclosures; Investors Want Money

02/08/11

There were two "complimentary" articles yesterday - one in American Banker, entitled "MBS Trustees Push JPMorgan Chase for Access to Loan Files", the other from RealtyTrac's Agent Advocate newsletter announcing,

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