Second Liens Still Lurking at Wells Fargo

Wells Fargo started forclosure in june 2011 and dismissed the foreclosure a few months after the discharge. This year,a few days ago, I recieved a Notice of Lien Release from Wells. It states that they are forgiving and extinguishing the lien on my first mortgage, (I only have one loan and never a second).

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Banks Pay Lip Service to Second Mortgages – In reality, even after modification many borrowers are still overburdened. of $1.05 trillion in outstanding second liens, commercial banks hold $767 billion. Bank of America (NYSE:BAC), Citigroup.

Nomura and RBS await judge ruling on FHFA mortgage lawsuit The Nomura case was the first to reach trial out of 18 lawsuit filed by FHFA in 2011 over $200 billion in mortgage-backed securities that various banks sold fannie mae and Freddie Mac.

When you pay off your mortgage loan, your lender must release its lien against your home. In California, the lender has just 30 days to issue and record a release of lien document. You may need to.

Lurking in a proposed mortgage fraud settlement with the state attorneys general is a clause that could be worth billions for the big banks. Yes, I mean the settlement that might extract the supposedly large sum of $20 billion from the banks to settle foreclosure fraud. The one denounced as a "shakedown" by Senator Richard Shelby of Alabama.

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Second mortgage lien payoffs: HAMP and HARP. I reminded him that he had sought some relief from Bank of America or Wells Fargo a few years back.. I will leave for each of you to decide. (I have my own suspicions). Despite what you may be told, these liens are valid second liens. While they.

We are still evaluating the rule in its entirety. $1.17 billion in Concentra first-lien term loans, $240 million in Concentra second-lien term loans, $53 million in unamortized discounts, premiums.

ResCap To Shed 700 More Jobs Amid Subprime Turndown Residential Capital will cut 250 jobs now — and more later. She declined to say how many more Minnesota ResCap jobs may be at risk.. The troubles of ResCap and other subprime players are.

Wells Fargo ranks No. 1 in arranging financing for gun. – Wells Fargo has emerged as the preferred financier for the U.S. gun industry. Since the killing of 20 children and six adults at the Sandy Hook Elementary School in December 2012, Wells Fargo has helped two of the biggest U.S. gun and ammunition companies access $431.1 million in loans and bonds, according to data compiled by Bloomberg.

Second Liens Still Lurking at Wells Fargo Despite second quarter results that were better overall than analysts had expected, Wells Fargo & Co. (WFC: 27.83 0.00%) remains under growing pressure from a deteriorating $84 billion home equity portfolio, bank executives said Wednesday morning.