Wells Fargo Home Mortgage is a division of a United States National Bank since May 2004, employees in New Jersey take consumer property by deception. Consumers either bring their property into WFHM directly. Or, thru non-banking affiliates who include brokers, agents, dealers, distributors, for example Title Resources Group (TRG) formerly known as Cendant Settlement Services formerly known as PHH Settlements... brokers, agents, real estate agents acting as Lenders/Underwriters the largest non-banking affiliate, for ERA Franchise, Century21, Coldwell Banker, Weichert, Better Homes & Gardens, and many others, brought consumer property during originations.
Wells Fargo Bank NA unique model takes consumer properties in and brings to BUYERS like Deutsche Bank who purchase during Originations promissory notes of consumer mortgages in secret, and Assignment for said transactions not recorded in accordance with state and federal laws for property and land records. Wells Fargo Home Mortgage orders the transactions including additional loans and selling additional promissorynotes against same property and Lenders are required to be members of MERS RFegistration System in order to record the MIN tracking number on the Sales Agreement and Note and instructed to NOT RECORD Assignments that otherwise would have protected consumers from loan origination fraud, taking consumer property by deception, allowing third parties to take possession of consumer property in a larencous manner while the WFHM employees ordered the transactions are Custodians.
Foreclosure-Gate is a cover up of part of the story and the facts will come out that the Originatons were sold in secret to third parties and Wells Fargo Bank NA conveyance of the mortgages to the third parties allowed the third parties to place into the mortgage pools and certificates for sale to investors in $100K blocks of investment the properties. If properties foreclosued upon the scheme by Wells Fargo not having recorded the Origination transaction created Assignment to make it appear an Origination existed and presented papers in court in bad faith not having legal standing in the buy back loans to foreclosure on the properties. Meanwhile as servicer, when a consumer is 90 days late, there are Credit Enhancements (Insurance) in the agreements that kick in and pay the premiums to the TRUSTS and Wells Fargo keeps collecting their servicnig and administration fees and sold back to themselves the loans in attmept to then file foreclosure, take properties, use TItle policices consmers paid for using their own REO brokers to place Title Insurance Claims in a manner we'll never know about unless a full investigation ordered.
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