Friday, February 28, 2014

Job cutting

Wells Fargo & Co. is slicing an additional 700 jobs from its mortgage operations, bringing staff reductions to about 7,000 -- nearly 12% of its home-lending workforce -- since last year, when rising interest rates ended a refinance boom.

As if they weren't lame enough already---maybe cut some upper management and get back to any form of customer service

Thursday, February 27, 2014

It continues

"A jury found Bank of America Corp. (BAC.N) liable for fraud over defective mortgages sold by its Countrywide unit, but the bank is contending it doesn't owe the $2.1 billion the U.S. governmnet is seeking in penalties, Reuters reported."

OF COURSE THEY DON'T…………………………... 

Wednesday, February 5, 2014

More deception

You know the new mortgage settlement which was supposed to compensate people for illegal foreclosure………..joke.

On one property that we lost over $300,000 real dollars we got a check for $3,000 from Wells Fargo……so if we got a check at all they are admitting illegal foreclosure. Somehow the compensation doesn't make up for our loss.

THEN to add insult to injury they 1099 us for the 3,000.

Don't tell me the banks aren't in bed with our government, sad.