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Wells Fargo Subprime toxic waste exposed. Do they have to raise capital? Mr Mortgage shows a 2006 Wells rate sheet. This is hard evidence of Wells doing nasty subprime loans for borrowers with scores as low as 500 and 120-day mortgage late payments, which is essentially foreclosure status. They did not sell this directly to consumers, rather used correspondents like New Century, Accredited, Countrywide etc to rebrand the programs and sell them as their own. This is a very common practice but this just proves Wells is dirtier than most. First, because not everyone did subprime. Second, because they lied of course.
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AVOID WELLS FARGO …
AVOID WELLS FARGO FOR HOME LOANS AT ALL COST THEY ARE THE WORST EVER!
I was in a similar …
I was in a similar company that uses PHONE BANKS as huge gaming networks, to share, compound AND REPORT the false sales THIS COMPANY CLAIMS on a daily basis. I expect a WF employee to laugh at my description of “Hoogan” and the “SSTS system”
Cheats will go down, down down eventually. Hope Im there to show the courts all these emails I have!
LOLOLOL …
LOLOLOL XDDDDDDDDDDDDDDDDD
Let this …
Let this analyze other banks. He knows about what went on during the bubble. Did Wells ever dive into option ARMS? This needs to chase a parked car.
fargo made me and …
fargo made me and broke me ,,, they knew exactly what they were doing ….. 1 property became………… 6 with a business…….alot of money on paper??!!!!!!! over night!!!!!!!
…. now these are the times,,,, losing jobs no money on the street all these tenants running out of town” new york city” ???? would love to see the turn around ???? but how much am i am going to still be holding ?????what the f%&#$#%%^%&)(???????
wtf. no one bend …
wtf. no one bend wf arm. they took the money. brought another bank. quit reading wf email talking points. Research it
yes well fargo did …
yes well fargo did take the bail out money and used it to provide consumer loans and then in less than a month paid the bail out money back. the were actually told to take the bail out money along with other bank to provide stimulus because many banks needed it. Further more wells fargo is not a discriminating bank and to even think that is obsurd. you people really need to check your sources of information !
Wells Fargo …
Wells Fargo invested in skid row properties made no improvements then used bailout money