Wells sues JPMorgan over 800 mortgage loans
(Reuters) – JPMorgan Chase & Co (NYSE:JPM – News) was sued by Wells Fargo & Co (NYSE:WFC – News), which seeks to force it to buy back more than 800 soured mortgage loans that it oversees as trustee.
In a complaint made public on Wednesday in the Delaware Chancery Court, Wells Fargo accused JPMorgan’s EMC Mortgage LLC unit of refusing its demands that EMC buy back the loans, which were contained in Bear Stearns Mortgage Funding Trust 2007-AR2.
JPMorgan bought Bear Stearns and its EMC unit in 2008.
In the complaint, Wells Fargo said EMC and its affiliates routinely approved mortgage loans despite “clear defects” in loan applications, including faulty appraisals and inflated borrower incomes.
It also said a forensic review showed that EMC breached representations and warranties on 89 percent of a sample of 948 of mortgage loans.
Rest here…
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4closureFraud.org
Bloomberg news: 8 OFFSHORE BANKS UNDER GRAND JURY INVESTIGATION U.S. SAYS…..things that make you go hmmmm….
Here is the lin: EIGHT OFFSHORE BANKS PROBED IN U.S. OVER TAXES:
http://www.bloomberg.com/news/2011-09-20/eight-offshore-banks-under-grand-jury-investigation-over-taxes-u-s-says.html
BLANKFEIN’S 52 MILLION DOLLAR LOSS LEADS WALL STREET CEO’S….. Interesting report from Bloomberg News….
http://www.bloomberg.com/video/73826828/
I vent…This is all great going after all the cheats..in fact…stick it to them…but it appears this is for the banks that allowed the cheats to hide their money….so really..where does this money go..and if this government is not for the people…that money sure the hell does not help this country….and if the IRS gets it…..it goes for fake debt……SEE..now I look for schemes.
And egghead, Blankfein, he needs to drop a hugh load…52 million is crumbs to him….nothing but a crook…..OH..and he is also a liar.
Yes, Marilyn, they are a vast ongoing criminal enterprise..Like Saturday’s radio show on 4closurefraud were talking about the money these servicers are collecting from fraudclosures they are putting in their pockets and who knows who elses pockets and not paying back the pension funds and the like, they are not paying their bills with the theft of our homes…….They are simply moving the stolen wealth around from one pocket to another……another shell game…It is designed to make us “think” they are doing something…..Remember what Obama said during his campaign? he believes in spreading the wealth around….He just left out the part about it being MAINSTREET’S STOLEN WEALTH WAS THE WEALTH HE WAS GOING TO SPREAD AROUND…
It is all a show but, I would rather they steal from each other to pay for their 140 trillion in collateral mortgage fraud….. than all of us….There is no doubt they are all in the sack with each other…They can all eat all of their debt, they created it out of thin air and off the backs of the American people, I hope they all destroy each other…..
Ya..your right….OBama promised to take my few dollars and split it with a few others….and he wants my paid for home to split up like a certificate so that can go to the crooks too….sure he forgot Mainstreet….liike I forgot what he promised…remember all those lies? Strange…He must have missed me when he spread the wealth around…I didn’t get any….Dtd he spread his and wifey’s wealth with others on Mainstreet? What about all those others who keep in contact with Washington..when is all that loot being divided? I will be sure this time he doesn’t miss me…….
LOL, Marilyn, I doubt those two shell much out of their own pockets for anything at all…The U.S. taxpayers pay for everything these politicians do and the ruling elite pick up the rest of the tab…
After speaking with numerous attorneys and being told there is virtually no chance of winning against the judges in a court of law…I was told there are virtually no laws or property rights of homeowners being upheld in Civil Courts by any Judges in my state…I was told that now the bank attorneys can come into court with copies of notes and the judges are accepting that…..Well then why don’t they just make all states non-judicial fraudclosures states and stop dragging people to court every other month if they can’t win?…….I assume it is because the money the courts are collecting from fraudclosures is astronomical which is even more despicable than a non-judicial fraudclosure…..This is just way more sneaky, evil and methodical….making you “think” you had a day in court or fighting chance when the Judges are owned by the investors and therefore there is an illegal and unconstitutional conflict of interest at play….Why keep pretending this is not an illegal and unconstitutional tyranny being played out in civil courtrooms everyday…….? That is the true evil here……there is fraud all over my fraudclosure yet, the Judge chooses to turn a blind eye to it and says you must have an attorney to show me that…….I believe you know the truth Judge, and the truth is the attorneys are corrupt just like you and they are also working for the investors………who do not own our homes……and I hope this whole entire illegal and unconstitutional criminal tyranny burns to the ground….with all of you inside of it…….
I vent…This country needs to go to Washington DC……this is where the real culprits have been and are….we need to know what Constitution they all are under….the NWO has a constitution in force….In the history of the NWO….in 1932 ( I believe) it states the federal government needs/wants all the land from the people. What has happened today has been in the working all those years…and many from our government were doing the planning….and still are. Joe Bidden is another mentioned…Bush Sr. was a real pusher…Nixon and many Senators….the Rockefellers were at the front line in most of what I read….and I am sure what I read was not up to date..so now many more are added to the treason list. It even states who said this…that plans were to put people in the camps all armed to shoot each other. and birth control, sterlization for hispanics and blacks, native Indians and I think asians, Again this may have changed or more added to their plans. Someone mentioned on a site that states were planning to give ID’s with photo to everyone…voting rights limited for the elderly, hispanics and blacks. It seems they mention the hispanics and blacks moreso than others. What will happen now…will be up to the people…..maybe we need those 14 million from Mexico to add to our millions….and today the news said the USPS..the postal service cuts will have no Saturday service and will lay off 35,000 and downsize 220,000 by 2015……it don’t look good….I guess this is where one turns to hate……
So true Marilyn, yes we do ALL need to head to D.C…..There are also plenty of these traitors and treasonists hiding out in NYC and Chicago as well as in all olf our State Capitals and city councils…The American people know this……..Agenda 21, you and all of your evil plans along with all of your FOREIGN and TRAITOR AMERIAN evil cohorts and minions are going down……EXPECT US…No one and I mean not one person I have spoken with are going to comply with this illegal and fascist communist, totalitarian agenda…..We are armed and ready……expect us…..There has been enough robbery, rape and pillage and the American people have had enough of the band-aid fixes for the economy by this Government while the ruling elite Ponzi Schemers get away with not only 9/11 but, the biggest theft of the wealth of the American People in History to cover for their rotten criminal asses who created 140 TRILLION IN COLLATERAL FRAUD……..WALL STREET CREATED THAT DEBT, THAT IS WALL STREETS DEBT AND THEIR OWNERS DEBT… THANKS TO SOME REALLY HONEST AMERICANS, THE AMERICAN PEOPLE NOW KNOW THEY TRUTH, THE RULING ELITE MANUFACTURED THIS ECONOMIC CRISIS AND — USED THEIR FEDERAL RESERVE, WALL STREET PERPS TO INTENTIONALLY STEAL EVERYTHING FROM THE AMERICAN PEOPLE AND BANKRUPT ALL OF US FORCING US TO PAY FOR ALL OF THEIR UNSUSTAINABLE DEBT….. AND TURN US INTO A NATION OF BRAINWASHED DEBTOR SLAVES….WHO OWN NOTHING OF VALUE…….THIS FAKE DEBT ENSLAVEMENT IS MANUFACTURED AND WAS FRAUDULENTLY CREATED…….MAKE THE WALL STREET CRIMINALS AND ALL OF THEIR EVIL FOREIGN INVESTOR COHORTS AND MINIONS PAY…….THE AMERICAN PEOPLE REF– USE TO COMPLY WITH THIS UNCONSTITUTIONAL AND ILLEGAL FOREIGN TYRANNY…AND ALL OF THE POLITICIANS ARE A GIANT SHAM AND A FRAUD AS WELL AS THESE NWO RULING ELITE CRIMINALS HAVE TAKEN OVER OUR ENTIRE LEGAL SYSTEM..FROM THE ATTORNEYS TO THE JUDGES AND EVERYONE IN BETWEEN….ALL OF THESE CRIMINALS, TRAITORS AND TREASONISTS OF AMERICA ARE GOING TO PAY…..
I vent….I know if I was a judge in foreclosures….I would refuse to go to work or even leave my home. Are they nuts or what? Don’t these people realize shit happens when you least expect it? I know just going out after dark to Walmarts alone…my neck is sore from twisting and turning it looking in all directions…hell..I even wait for someone leaving the store to get back to my car. I would refuse to be a judge in foreclosures or family court…..that’s suicide on yourself. No money could pay me to do it. Especially under the conditions of today…with no laws or rights for the homeowners….and so many being pushed to the brink..and no lawyer will help them….I’m surprised that something has not happened before now…..I wouldn’t even trust standing on the steps of the court building…someone in a rage see’s everyone as an enemy. …..no one is safe. Maybe inside the court building is safe…maybe…but everyone has to leave sooner or later……these conditions leave everyone in danger’s way………
Marilyn, you are right….One of the many attorneys I have spoken to told me that if a Judge is too family oriented and too nice to homeowners, they are replaced…….He said he knows of one such Judge this happened to in Cook County who was deemed to be too sympathetic to homeowners and he got removed and replaced…….This is a tyranny…….these Judges are being forced to do this by the Foreign Investors and some of our own treasonist politicians who are hiding behind the scenes…….. who do not own our homes or businesses and never lent us any money…….Who allowed these foreigners and policemen, fireman’s pension funds, 401 k’s, judges pensions and politicians investments and the like to be invested in this Ponzi Scheme set up they knew would fail….that has caused an illegal and unconsttitutional conflict of interest for the American people?……We now know exactly who the players were who threw America under the bus….I heard the fraud started in 1980……under Reagan……and then Clinton repealed all of the rules and regs for Wall Street……and Bush ignored the warnings from the FBI about all of the mortgage fraud………and it has already been reported that this whole scheme was manufactured in the backrooms of CONgress…….So there we have the proof of the INSIDE JOB and who some of the players were in this evil plan to steal everything from the American people and then our Country………Who designed the scam/scheme? CONgress, who allowed it to happen? Reagan, Bush, Clinton, Bush, the federal regulators such as the SEC…. who carried it out? The U.S. Treasury, the GSE’S….who are owned by the IMF and the WORLD BANK, THE RULING ELITE, WHO MADE 60 TRILLION IN 1999 ALONE FROM MORTGAGE DERIVATIVES THE SAME YEAR THAT BILL CLINTON REPEALED ALL OF THE RULES AND REGS ON WALL STREET? WALL STREET AND THEIR POLITICAL AND FOREIGN INVESTOR FRIENDS., WHO SIGNED NAFTA.? BILL CLINTON……WHO COLLAPSED THE STOCK MARKET WITH INSIDER TRADING?, THE ILLUMINATI AS CNBC REPORTED….. WHO LOST EVERYTHING AND SUFFERED AND WERE BLAMED FOR THE FINANCIAL CRISIS? MAINSTREET..WHO GOT THE TAX PAYER FUNDED BAILOUT?…WALL STREET AND THEIR CRIMINAL FOREIGN INVESTOR FRIENDS…… WHO AIDED AND ABETTED THESE CRIMINALS PUMPING TRILLIONS OF DOLLARS INTO THESE CRIMINAL ENTERPRISES, WHILE DEVALUATING OUR CURRENCY, AND INFLATING THE COST OF LIVING, TRYING TO FORCE MAINSTREET TO PAY FOR 140 TRILLION IN MORTGAGE COLLATERAL FRAUD COMMITTED BY WALL STREET? THE FED RESERVE AND THE TREAS……. WHO GOT FILTHY STINKING RICH OFF OF THIS SCHEME AND STILL ARE? ALL OF THE ABOVE……….
http://www.readersupportednews.org/news-section2/318-66/7468-occupy-wall-street-take-the-bull-by-the-horns
Support non-violent protests of the banksters in NY & elsewhere , in whatever capacity u can !
The cannibalism will continue….more and more….
h don great analogy for this mess. Wells fargo mortgage brokers did the same thing. The nurses union involved there are so many nurses in foreclosure because we were all approved for mortgages that we couldnt really afford. You figure a mortgage broker know what an houly/contract employee is? Instead of having a formula like addinng your highest and lowest paycheck for the year foe both the mortgage and hamp they used the last 2 weeks. It doesnt matter nurses get cancel when the census is low? They added enough money to nurses salaries so we would not notice. I see it they were coached to add less then 1k so we would not notice. They got away with their scam and now we cant afford our homes sad day for america.
Another thing for public consumption…make it look like someone is taking the blame. The bailout will cover their butts anyway so there is no true loss for them, only the taxpayers. This also causes the stock market to be even more shaky and more panic in the streets so daddy gov’t can come to the rescue in the form completely changing the value of (their) our currency to appear solvent. Nuts!
Bankster cannibals eating bankster cannibals – its about time they start eating their own.
Remember when I said that they will eventually consume each other of their own lusts?
Makes me think of those movie standoffs where two gangsters have guns pointed at each other’s heads. I always root for the guns to go off simutaneously.