Wells Fargo Shareholder Report Reveals Information on Foreclosure Fraud Settlement

Wells Fargo Shareholder Report Reveals Information on Foreclosure Fraud Settlement

It’s embarrassing that the most information we’ve yet received about the foreclosure fraud settlement comes from an annual report to stockholders by Wells Fargo. In other words, we had to wait for the banks to tell us what was in the settlement, I guess because the regulatory officials who negotiated it weren’t entirely proud of their work.

The Wells notice (it begins on page 74) isn’t legal language, and it states clearly that “the terms… do not become final until approval of the settlement agreement by the U.S. District Court and execution of a consent order.” But it provides some more detailed information than the broad sketch that has been released. For example, we have the first breakdown that I’ve seen of the credit system for principal reductions.

first lien principal forgiveness for LTV less than or equal to 175%: 100% credit (must constitute at least 30% of the Consumer Relief Program credits);

first lien principal forgiveness for LTV greater than 175%: 50% credit for portion forgiven over 175% LTV;

forgiveness of forbearance amounts on existing loan modifications – 40% credit;

earned forgiveness over no more than a 3 year period: 85% credit for LTV less than or equal to 175%; 45% credit for forgiveness over 175% LTV;

Rest of the list here…

~

4closureFraud.org

Comments
4 Responses to “Wells Fargo Shareholder Report Reveals Information on Foreclosure Fraud Settlement”
  1. Katheryn says:

    This is a really eye opening expose. It was posted by someone on Livinglies website. I have said for a long time that there is much more to all this than meets the eyes and the total amount of money stolen from us has yet to be determined. Scary stuff:

    http://www.whatafuckedupworld.com/blog/2012/02/23/bush-fed-europe-banks-in-15-trillion-fraud-all-documented/

    • lvent says:

      What really opened up my eyes was when CNBC reported well over a year ago that WALL STREET MADE 60 TRILLION DOLLARS FROM MORTGAGE DERIVATIVES…and then I watche CNBC DOCUMENTARY…HO– USE OF CARDS….WHERE THEY INTERVIEWED AN EX-WALLSTREET STOCK BROKER WHO REVEALED THE TRUTH…THEY SOLD INVESTMENTS IN ANYTHING WITH A REVENUE FLOW….AND MAY I ADD…EVEN WITHOUT A MONEY FLOW…THAT IS CALLED …SPECULATION…JUST ANOTHER WORD FOR FRAUD..AND THEY DID ALL OF THIS..EXPONENTIONALLY AND GAMBLED OFF OF THAT FRAUD EXPONENTIONALLY..AND THAT IS PRECISELY WHY THEIR COLLATERAL FRAUD CAN NEVER BE REPAID…BECA– USE THEY HAD NO COLLATERAL BACKING UP THOSE SALES…THEY WERE SELLING INTERESTS IN NOTHING…AND NAKED SHORT SELLING ALLL OF THEIR FRAUD AND LOTS OF OTHER FRAUDS…AND THAT IS WHY THEIR MASSIVE AND ILLEGAL DEBT FRAUD IS HIDDEN IN THEIR UNREGULATED SHADOW ELECTRONIC BANK OF SHAME… …AND THEIR DEBT FRAUD IS MASSIVE UNSUSTAINABLE..AND CAN… NEVER BE REPAID AND IS ESTIMATED BY SOME EXPERTS TO BE AROUND…$1.2 QUADRILLION DOLLARS WORTH…AND IT IS A MASSIVE DEBT FRAUD.. TICKING TIMEBOMB OF THEIR DEBT..NOT OURS…THEY CANNOT PAY THEIR BILLS…WE THE PEOPLE ALREADY PAID ALL OF OURS AT THE ORIGINATION….AND THEREFORE WE THE PEOPLE ARE FREE AND CLEAR…AND ALWAYS WERE….!!

      • lvent says:

        Thats right America, CNBC REPORTED LAST YEAR THE TRUTH… THAT WALL STREET MADE $60 TRILLION DOLLARS FROM DERIVATIVES IN THE YEAR 1999 ALONE… ..!!!!!!
        AND THAT IS IN JUST ONE YEAR…!!!!
        AND WORSE YET, WE THE PEOPLE ARE ALLOWING …. ALL OF THESE POLITICIANS AND ALL OF THESE FEDERAL RESERVE CROOKS TO HAND US OUR ASSES ON A SILVER PLATTER AND STEAL ALL OF OUR WEALTH, JOBS, BUSINESSES, HOMES AND OUR COUNTRY VERY DECEPTIVELY…..WITH FASCIST FED MONETARY POLICIES OF DEFLATION AND INFLATION….AND FRAUDCLOSURES…ETC…..?????….AND THESE CRIMINALS ARE TRYING TO SAY WE THE PEOPLE OWE THEM….$14 TRILLION DOLLAR IN THE NATIONAL DEBT..??? WHEN WE THE PEOPLE PAID FOR EVERY SINGLE THING THAT THESE FUCKING EVIL CRIMINALS DO AND HAVE DONE…UP FRONT AND HONESTLY VIA CONGRESS AND THE HIJACKED U.S. TREASURY DEPT…..!!!
        THE NATIONAL DEBT IS ALL JUST ANOTHER BIG FUCKING FRAUD AND A BIG FUCKING LIE….!!!
        WAKE UP AMERICA….!!
        EVERYTHING THEY TOLD US TO BELIEVE IS A GIANT LIE AND A GIANT FAT FRAUD..!!!!!! .AND IF, THESE CRIMINALS EVER REALLY DID LEND WE THE PEOPLE ANY OF THEIR OWN FUCKING MONEY THEN……
        WE THE PEOPLE WANT TO SEE THE RECEIPTS AND THE PAPER TRAIL THAT PROVES IT ALL AND WE THE PEOPLE WANT TO KNOW EXACTLY WHERE ALL OF OUR STOLEN WEALTH AND MONEY WENT…INCLUDING OUR GOLD..!!!….
        THE GODS HONEST TRUTH IS …THEY DONT HAVE ANY PROOF ..
        BECA– USE ITS ALL GIANT LIE AND A MASSIVE FRAUD THAT THEY — USE TO FRAUDULENTLY INDUCE ALL OF THEIR DEBT ON THE MASSES…AND GET RICH OFF OF US… THEY — USE ALL SORTS OF DECEPTIONS LIKE TRUST…TO TRY AND TO MAKE US BELIEVE THEIR GIANT LIES AND FRAUD…AND THEY NEVER LEND US ANY FUCKING MONEY…AT ALL……!! IT IS WE THE PEOPLE WHO LEND IT TO THEM….
        THIS HAS ALL BEEN DONE AS PART OF THEIR NWO NAZI, GLOBALIST EVIL AGENDA….TO ENSLAVE OUR MINDS WITH LIES IN ORDER TO ENSLAVE MANKIND TO ALL OF THEIR MASSIVE DEBT FRAUD LIES… FOR ETERNITY…IN ORDER TO CONROL EVERY ASPECT OF OUR LIVES AND IN ORDER TO ACCOMPLISH THIS EVIL PLAN THEY NEEDED TO STEAL OUR RIGHTS…VIA 9/11 AND THEN STEAL OUR WEALTH VIA THEIR MANUFACTURED STOCK MARKET CRASH AND FAKE GREAT DEPRESSION….AND NEXT THEY WANT IT ALL….THE EVIL ENDGAME HITLER PLAN IS NEXT….THEY WANT IT ALL….THEY WANT OUR FREEDOM. OUR INDEPENDENCE….. AND OUR NATIONAL SOVEREIGNTY..!!…
        AND THEY STOLE IT ALL ALREADY IN THE BIGGEST FINANCIAL COUP DE TAT OF OUR WEALTH IN HISTORY AND THEY CREATED ALL OF THE LIES…..AND THEY ALL GOT SICKENINGLY FUCKING RICH…..OFF OF OUR WEALTH…THAT WE LENT TO THEM….AND THE AMERICAN PEOPLE NOR THE UNITED STATES OF AMERICA SHOULD EVER NEED TO BORROW ANY MONEY FROM ANY NATION BUT LEAST OF ALL…THE COMMUNIST OWNED AND OPERATED FEDERAL RESERVE BANKSTERS….WHO POSSIBLEY WORSE THAN…. ..COMMUNIST CHINA OF ALL COUNTRIES…AND THESE CROOKS HAVE THE FUCKING NERVE TO SAY THAT WE THE PEOPLE OWE COMMIE CHINA MONEY….WHEN WE THE PEOPLE NEVER BORROWED ANY MONEY FROM THOSE EVIL FUCKS…AND WE THE PEOPLE ARE FORCED TO BUY ALL OF THEIR CHEAP SHIT THAT THEY GET FILTHY FUCKING RICH OFF OF…. FROM SLAVE LABOR…AND THEY SELL IT ALL TO US FOR FUCKING FREE OF CHARGE……!!! IT IS ALL A SHAM AND FRAUD THAT THESE NWO NAZI CRIMINALS AND ALL OF THEIR CRIMINAL FRIENDS AND MINIONS IN AMERICA AND AROUND THE GLOBE…. TRY TO MAKE US BELIEVE WITH A LOT OF SECRETS, LIES AND DECEPTIONS…IT IS ALL FRAUD…ALL OF THE TIME..
        THE HONEST TO GOD TRUTH IS ….
        .IT IS WE THE PEOPLE PAY FOR AND FUND EVERYTHING AND ALWAYS HAVE…ALL OF THEIR MASSIVE DEBT FRAUDS…. AND ALL OF THE WEALTH THAT THESE NAZI NEW WORLD ORDER GLOBALIST, FASCIST HOGS CREATE AND GET RICH OFF OF THE BACKS OF OUR HARD LABOR…….AND THE HONEST TO GOD TRUTH IS….THAT THESE NWO CRIMINAL, GLOBALIST HOGS… OWE WE THE PEOPLE…….FUCKING QUADRILLIONS …AND THE TRUTH IS …CHINA IS FULL OF SHIT…AND CHINA OWES WE THE PEOPLE A FUCKING TON….FOR SELLING US CHEAP CRAP FOR FREE….AND STEALING OUR JOBS AND OUR KNOWLEDGE…FOR FUCKING FREE…. AND IRAQ AND AFGHANISTAN AND ALL OF THE NATIONS THAT OUR SOLDIERS FREED …OWE US TRILLIONS TOO….THESE NWO ARE ALL SNEAKY FRAUDSTERS, LIARS, CROOKS AND THEIVES..WITH A VERY EVIL AGENDA FOR MANKIND….
        AND WE THE PEOPLE DEMAND… ALL OF OUR HIJACKED STOLEN WEALTH BACK..WITH INTEREST..
        .AND WE THE PEOPLE WILL RESTORE OUR OWN U.S. CONSTITUTION AND OUR OWN U.S.- BILL OF RIGHTS AND WE THE PEOPLE, WILL ISSUE OUR OWN CURRENCY
        …U.S. BANK NOTES…BACKED BY OUR OWN RECOVERED, STOLEN WEALTH…AND ISSUE THOSE U.S. BANK NOTES…
        VIA STATE BANKS
        AND WE THE PEOPLE WILL ABOLISH THE FED….
        AND THE AMERICAN PEOPLE AND THE U.S OF A…
        WILL ONCE AGAIN BE COMPLETELY FREE AND INDEPENDENT AND PROSPEROUS FOREVER…! BTW…THE BANKRUPTCY OF AMERICA BACK AROUND THE LAST GREAT DEPRESSION WAS ANOTHER SCAM AND ANOTHER GIANT FRAUD….!!
        TIME TO TAKE OUR HIJACKED COUNTRY BACK AMERICA FROM ALL OF THESE EVIL NWO NAZI GLOBALIST FASCIST LIARS….
        YES, WE THE PEOPLE CAN AND YES, WE THE PEOPLE WILL…!!!
        GOD DID BLESS AMERICA AND GOD WILL BLESS AND WATCH OVER AND PROTECT ALL OF THE TRUE AMERICAN PATRIOTS….!!

  2. PENDINGLAWSUIT says:

    Barry Fagan v Wells Fargo re: Motion to Reconsider Superior Court Judge Norman P Tarles’ Order Denying Plaintiff’s Motion to Compel

    http://www.scribd.com/doc/83153190/Barry-Fagan-v-Wells-Fargo-re-Motion-to-Reconsider-Superior-Court-Judge-Norman-P-Tarles-Order-Denying-Plaintiff-s-Motion-to-Compel

    Barry Fagan v Wells Fargo Bank Re C.P.A. Shawn Adamo Regulatory Letter and Affidavit Concerning Accounting Fraud by Wells Fargo Bank

    http://www.scribd.com/doc/83123630/Barry-Fagan-v-Wells-Fargo-Bank-Re-C-P-A-Shawn-Adamo-Regulatory-Letter-and-Affidavit-Concerning-Accounting-Fraud-by-Wells-Fargo-Bank

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