Mr Mortgage Exposes Wells Fargo’s Toxic Waste 4/7/08

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Visit my new blog… mrmortgage.ml-implode.com Wells Fargo Subprime toxic waste exposed. Do they have to raise capital? Mr Mortgage shows a 2006 Wells rate sheet. This is hard evidence of Wells doing nasty subprime loans for borrowers with scores as low as 500 and 120-day mortgage late payments, which is essentially foreclosure status. They did not sell this directly to consumers, rather used correspondents like New Century, Accredited, Countrywide etc to rebrand the programs and sell them as their own. This is a very common practice but this just proves Wells is dirtier than most. First, because not everyone did subprime. Second, because they lied of course.

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wells fargo toxic mortgages, wells fargo bank with first data corporation credit card machine undisclosed information by wells fargo representates

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    There Are 25 Responses So Far. »

    1. Comment by superwhuffo1 on 22 December 2010:

      WOW…this is an important video…thanks for posting it…This bank is sooooo corrupt and unethical… they do not care at all about human beings and their legal rights…they took my land unlawfully and unethically…and had my cabin trashed out without any due process of law…

      search:Unethical and Corrupted actions of Wells Fargo Bank

      search: Kerry Walker Story

    2. Comment by D34thSetX on 22 December 2010:

      That piece of paper is meaningless actually. It states that they had rates for people with credit scores that low. However, it doesn’t mean that every joe or jane with 500 credit score was getting a loan from Wells Fargo.

    3. Comment by mem10fan on 22 December 2010:

      AVOID WELLS FARGO FOR HOME LOANS AT ALL COST THEY ARE THE WORST EVER!

    4. Comment by WhistleBlowa1 on 22 December 2010:

      I was in a similar company that uses PHONE BANKS as huge gaming networks, to share, compound AND REPORT the false sales THIS COMPANY CLAIMS on a daily basis. I expect a WF employee to laugh at my description of “Hoogan” and the “SSTS system”

      Cheats will go down, down down eventually. Hope Im there to show the courts all these emails I have!

    5. Comment by TehPankake on 22 December 2010:

      LOLOLOL XDDDDDDDDDDDDDDDDD

    6. Comment by starsburnout on 22 December 2010:

      Let this asshole analyze other banks. He knows shit about what went on during the bubble. Did Wells ever dive into option ARMS? This fuck needs to chase a parked car.

    7. Comment by eyeinkassit on 22 December 2010:

      fargo made me and broke me ,,, they knew exactly what they were doing ….. 1 property became………… 6 with a business…….alot of money on paper??!!!!!!! over night!!!!!!!
      …. now these are the times,,,, losing jobs no money on the street all these tenants running out of town” new york city” ???? would love to see the turn around ???? but how much am i am going to still be holding ?????what the f%&#$#%%^%&)(???????

    8. Comment by paidday on 22 December 2010:

      wtf. no one bend wf arm. they took the money. brought another bank. quit reading wf email talking points. Research it

    9. Comment by kaykaymac on 22 December 2010:

      yes well fargo did take the bail out money and used it to provide consumer loans and then in less than a month paid the bail out money back. the were actually told to take the bail out money along with other bank to provide stimulus because many banks needed it. Further more wells fargo is not a discriminating bank and to even think that is obsurd. you people really need to check your sources of information !

    10. Comment by dbadassboy on 22 December 2010:

      Wells Fargo invested in skid row properties made no improvements then used bailout money

    11. Comment by dbadassboy on 22 December 2010:

      I believe Ms. Natasha Sears and Eileen Sotak should be required to execute affidavits regarding their findings.
      I believe that LA Superior Court was negligent and violated my right to privacy and confidentiality and knowingly allowed Tami Ohana and Edith Stern to continue with the racism that was common over the years.

    12. Comment by dbadassboy on 22 December 2010:

      It is common and acceptable for Wells Fargo to discriminate and ignore the rights, privileges and entitlements afforded to minorities.

    13. Comment by dbadassboy on 22 December 2010:

      My civil rights were violated by Wells Fargo Home Mortgage, I told Natasha Sears and Eileen Sotak at EEOC. They were kind enough to spend two years investigating my complaint; they found reasonable cause to believe my claims, ruled in my favor and issued a final determination.
      During that investigation multiple civil rights violations were observed and noted by EEOC.

    14. Comment by warrenmcurrier on 22 December 2010:

      I’ve got a combined total of $140k in BofA and Citi… today, Sunday, Aug 23, 2009!

      This coming week I’m going to move this cash out of those two businesses, and place $100k in Wells, $20k in Banco Santander, and $20k into something ‘offshore’ (SwissFrancs, RMB, or gold… not sure yet)

      Wells looks fine to me.

      Read your contracts, don’t spend what you don’t have/can’t afford. Live below your means…

      or, don’t.

    15. Comment by dsmdad09 on 22 December 2010:

      Oh sure it’s not my fault I signed the contract it must be Wells Fargo. “mr. mortgage,” it’s rants like this that allow people to feel walking away from their homes is justified. Sure pass all blame you like, it’s capitalisms fault, not Wells Fargo’s

    16. Comment by dbadassboy on 22 December 2010:

      Casting call I have a movie in the making trust me its toxic waste on their books

    17. Comment by dbadassboy on 22 December 2010:

      Wells Fargo Fraud I know how they work
      I am a former supervisor
      who worked at the sweatshop
      in Schaumburg, IL
      I know all about the fraud and
      predatory lending practices
      I filed a lawsuit
      Disability Discrimination
      Failure to accommodate
      multiple civil rights violations.
      They kicked me to curb
      and refused to honor my
      request for COBRA

      I Don Darryl
      Chicago

    18. Comment by dbadassboy on 22 December 2010:

      At all relevant times they either knew or they reasonably
      should have known, that the acts, actions and failure to
      act of its managers, supervisors and agents would and
      did proximity result in mental physical and emotional
      injury to me including pain suffering and depression and mental anguish.

      I. Don Darryl
      310-922-9740
      Team Lead Mortgage Loan Operations
      Schaumburg, IL

    19. Comment by Skunkwow on 22 December 2010:

      i love wells fargo

    20. Comment by wellsfargoinjustice on 22 December 2010:

      Wells Fargo is a corrupt corporation preying on the American Public.

    21. Comment by saveurhomenow on 23 December 2010:

      Don’t Get Foreclosed On Modify Your Loan go to homesaver(DOT)tk

    22. Comment by mannyfeseha on 23 December 2010:

      thehelpfund.blogspot

    23. Comment by DrewDownsManagement on 23 December 2010:

      Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.

    24. Comment by jcfromadiki on 23 December 2010:

      interesting how wells fargo doesnt seem to be hurting right now like every other bank. Interesting how Warren Buffet owns more than 10% of Wells Fargo. Good call

    25. Comment by ecoweho11 on 23 December 2010:

      Absolutely shocking Wells Fargo has been cooking the books and denying vigorously that they don’t have a lot of subprime when it fact they have one of the most of any bank in the world. Why would a company “BEG” for $25 billion in corporate welfare bailout money, which they received, if they didn’t have any mortgage losses? The management at WF needs to be in prison for lying even worse than ENRON.

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