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Loan Modification

: Mortgage Lender Implode-o-Meter

Wells Fargo Pick-A-Pay Portfolio

By Implode-Explode Heavy Industries

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This is what stark-raving-mad wishful thinking looks like in a corporate financial disclosure: ``In accordance with SOP 03-3, loans that were classifsied as nonperforming loans by Wachovia are no longer classified as nonperforming because, at acquisition, we believe we will fully collect the new carrying value of these loans.''

Full post as published by Mortgage Lender Implode-o-Meter on March 04, 2011 (boomark / email).

Lawsuits and Settlements

Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages
Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages

Wells Fargo Faces Loan Discrimination Class Action
Wells Fargo Faces Loan Discrimination Class Action

Wells Fargo Faces Potential Class Action Over Home Equity Credit Lines
Wells Fargo Faces Potential Class Action over Home Equity Credit Lines

Wells Fargo and Rels Valuation
Face Home Evaluation Class Action

City of Fargo To Pay for Excessive Traffic Fines
City of Fargo To Pay for Excessive Traffic Fines

City of Fargo Reaches Potential Settlement in Traffic Fines Class Action
City of Fargo Reaches Potential Settlement in Traffic Fines Class Action

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