Foreclosed Homeowners Vent Anger at Wells Fargo

 Foreclosed Homeowners Vent Anger at Wells Fargo

Story tools

Comments

A A AResize

Print

Share and Email

 

SAN FRANCISCO, Calif.—Oakland resident Sara Kershnar has been trying to get Wells Fargo bank to modify her home loan for two years.

After the bank allegedly lost some vital documents “three to four times,” Kershnar, began to think they were “negligent.” She began to get angry.

Kershnar had an opportunity yesterday few homeowners in her shoes get: She got to vent her anger and grill Wells Fargo CEO John Stumpf about the bank’s policy on foreclosures. She and about a half dozen other homeowners took a stand during the bank’s annual shareholder meeting in San Francisco.

The meeting took place immediately following a demonstration at Justin Herman Plaza, where hundreds of fed-up homeowners, renters, clergy and union organizers rallied to protest what many said were Wells Fargo’s unfair practices.

The crowd marched in the afternoon heat through San Francisco's Financial District to Wells Fargo’s headquarters on Montgomery Street, where the shareholders meeting took place.


Tuesday’s rally was one of a series of actions that will be held in May, and was the launching of a national campaign, The New Bottom Line, organized by a coalition of community, faith-based and labor organizing groups.

In addition to this protest at Wells Fargo, demonstrations are planned at the Bank of America shareholder meeting in Charlotte, N.C., on May 11, and at a JP Morgan Chase shareholder meeting in Columbus, Ohio, on May 17.

Among the campaign’s major demands is for Wells Fargo to “place a moratorium on all foreclosures until the bank negotiates with the coalition to establish comprehensive loan modification reforms.”

Another demand is to cease “illegal evictions of tenants in foreclosed properties.”

At the end of 2009, there were 350,169 Wells Fargo homeowners eligible for the Home Affordable Modification Program (HAMP). However, as of February 2011, only 77,402 of those homeowners received permanent loan modifications.

Wells Fargo also cancelled 118,697 trial loan modifications and has denied 175,336 eligible homeowners access to HAMP since 2009, according to a press release from organizers of Tuesday’s rally.

According to a bailout money overview study by Nomi Prins of the nonpartisan think tank Demos, Wells Fargo received an estimated total of $43.7 billion in federal bailout funds. The bank reported $12.3 billion in earnings last year.

At the shareholders' meeting, Kershnar pointed out that the bank is making a profit at a “time when families in the country are barely surviving.” She called Wells Fargo CEO John Stumpf’s annual compensation of $17 million “obscene,” at a time when families are hurting.


“It is not an issue of business, it’s an issue of ethics and should be an issue that all shareholders should be concerned about,” said Kershnar.

After a scandal last fall that exposed improper home foreclosures by some of the nation’s biggest banks, Bank of America, JP Morgan Chase and other banks issued moratoriums on foreclosures, while they reviewed their internal procedures. Wells Fargo did not. 



Stumpf maintained that Wells Fargo has modified 700,000 loans and has forgiven $4 billion of shareholder capital to keep people in their homes. “I get it,” he said Tuesday. “There is a lot of pain.”

"It’s not pain. It’s exploitation,” responded Kershnar, adding that the bank intentionally gave out loans to homeowners, knowing that those loans would fail.

She charged that the bank has profited “obscenely” from servicing debt, affecting people’s ability to have a home, and feed and clothe their children. Hundreds of thousands of people are waiting for a home modification, Kershnar said.

Raleigh McLemore, a homeowner and teacher at Bancroft Middle School in San Leandro, echoed Kershnar’s concern. He, too, attended the shareholder meeting and was one of the protestors to be arrested.

McLemore said parents and other teachers at his school are reeling from the foreclosure crisis.

Often, he added, parents are too ashamed to talk about their foreclosure troubles. “There’s still a lot of silence,” McLemore said. “Suddenly, the student is gone.”



Stumpf said the HAMP program is just one option and that 80 percent of loan modifications occur outside of it.



“Foreclosures are not good for the housing market,” he said.

Stumpf reiterated, “We do not make profit on foreclosures." He went on, "We spend a lot of resources to help people stay in their homes.”

According to information in the shareholder proxy materials, citing an estimate by Morgan Stanley, “9 million U.S. mortgages that have been or are being foreclosed on may face challenges over the validity of legal documents.”

Campaign organizers and supporters aren’t the only ones putting pressure on banks. This year’s proxy included one item introduced by the New York City Office of Comptroller on behalf of pension funds of teachers, firefighters and police officers.

The campaign's shareholder resolution calls for an independent review of Wells Fargo’s mortgage processing and foreclosure policies to ensure that it complies with federal regulations. 



However, Well Fargo’s board recommended against the resolution, saying multiple audits of the bank’s foreclosure processes have already been completed by federal regulators and the bank itself.



But Kristina Bedrossian, with the Coalition Reinvestment Committee, who played a role in organizing yesterday's event, believes the “resolution is critical because the public and shareholders do not have access to Well’s internal audit of its processes.”

 

Comments

 
Anonymous

Posted May 4 2011

what a BS, insead if paying their mortgage bills people prefer to go on a march and demand a freebe mortgage modification.

foreclosures are GOOD for RE market, they clean it up and properties end up with owners who pay their bills, so no taxpayers money are needed to prop up the banks.

Anonymous

Posted May 4 2011

The same is true about Vanderbilt.
They keep saying they have all these options but I have not been obliged to one yet.
Crazy, crazy.

Anonymous

Posted May 4 2011

WELLS-FARGO, let go to HELL quickly like Osama Bin Ladin!

Anonymous

Posted May 4 2011

what a BS, insead if paying their mortgage bills people prefer to go on a march and demand a freebe mortgage modification.

foreclosures are GOOD for RE market, they clean it up and properties end up with owners who pay their bills, so no taxpayers money are needed to prop up the banks.

Anonymous

Posted May 4 2011

"what a BS, insead if paying their mortgage bills people prefer to go on a march and demand a freebe mortgage modification.

foreclosures are GOOD for RE market, they clean it up and properties end up with owners who pay their bills, so no taxpayers money are needed to prop up the banks."

WELL SAID!!!

Anonymous

Posted May 4 2011

If they could pay their mortgage nobody would evict them.

Anonymous

Posted May 4 2011

Sorry, but you don't pay your bills and then you want to protest! This IS the problem with America. All these low lifes want everything for nothing. Earn something before you open your stupi mouth! You signed the papers, live up to the deal you signed for. Just because you lost the bet and everything went backwards does not give you a reason to get out of your contract.I lost hundreds of thousands of dollars in the downfall. Everyone did. But you know what, I just work harder to make it back. I don't sit and cry and protest that someone should give me something for nothing. Soon this country will be bankrupt and you will not be getting any free handouts. How are you going to survive then? Get a job and stop whining!!!!

Anonymous

Posted May 4 2011


THESE ARE COMMUNISTS

Anonymous

Posted May 4 2011

People are so easy to judge without knowing the struggles of others. If the banks and automotive companies can get bailed out then why shouldnt the middle class of this country? its a F'd up situation for all and America needs to find a way to help the middle class. If banks didnt loan money on mortgages they knew would default, we would have never seen the Real Eastate Bubble POP!

Anonymous

Posted May 4 2011

I'm blamin' that lyin' Paul Ryan.

Anonymous

Posted May 4 2011

Three of our office staff deposited funds into another account illegally. Bank of America allowed this. We are suiing and the Bank of America doesn't want to take responsiblity. They have endless money to stall and our funds are limited in trying to recoup what we lost. We are the fringes of losing our business, our house, and our retirement because of what the bank did.

We have had to reduce our salary so haven't been able to pay the mortgage to Bank of America. Even with the help of an attorney and our congresswoman we can not get someone from Bank of America to work with us. They call us and we always get someone new and they aren't aware of the previous person that talked with us. They are either doing it on purpose or they are totally disorganized.

As I mentioned to my congresswoman's aide there were kings and queens and serfs and now there are banks and serfs.

Anonymous

Posted May 4 2011

Three of our office staff deposited funds into another account illegally. Bank of America allowed this. We are suiing and the Bank of America doesn't want to take responsiblity. They have endless money to stall and our funds are limited in trying to recoup what we lost. We are the fringes of losing our business, our house, and our retirement because of what the bank did.

We have had to reduce our salary so haven't been able to pay the mortgage to Bank of America. Even with the help of an attorney and our congresswoman we can not get someone from Bank of America to work with us. They call us and we always get someone new and they aren't aware of the previous person that talked with us. They are either doing it on purpose or they are totally disorganized.

As I mentioned to my congresswoman's aide there were kings and queens and serfs and now there are banks and serfs.

Anonymous

Posted May 4 2011

"Sorry, but you don't pay your bills and then you want to protest! This IS the problem with America. All these low lifes want everything for nothing. Earn something before you open your stupi mouth! You signed the papers, live up to the deal you signed for. Just because you lost the bet and everything went backwards does not give you a reason to get out of your contract.I lost hundreds of thousands of dollars in the downfall. Everyone did. But you know what, I just work harder to make it back. I don't sit and cry and protest that someone should give me something for nothing. Soon this country will be bankrupt and you will not be getting any free handouts. How are you going to survive then? Get a job and stop whining!!!!"

DITTO! I lost hundreds of thousands and i am working hard to get it back, 18 hour days, 7 days a week for more than 2 yrs and counting. Almost there...

Anonymous

Posted May 4 2011

"Sorry, but you don't pay your bills and then you want to protest! This IS the problem with America. All these low lifes want everything for nothing. Earn something before you open your stupi mouth! You signed the papers, live up to the deal you signed for. Just because you lost the bet and everything went backwards does not give you a reason to get out of your contract.I lost hundreds of thousands of dollars in the downfall. Everyone did. But you know what, I just work harder to make it back. I don't sit and cry and protest that someone should give me something for nothing. Soon this country will be bankrupt and you will not be getting any free handouts. How are you going to survive then? Get a job and stop whining!!!!"

DITTO! I lost hundreds of thousands and i am working hard to get it back, 18 hour days, 7 days a week for more than 2 yrs and counting. Almost there...

Anonymous

Posted May 4 2011

Borrow a bunch of money, don't pay it back as you agreed, and then blame the lender and demand the rest of society subsidize your own irresponsibility and stupidity. This is the new America.

Anonymous

Posted May 4 2011

Has it occured to any of you yet..that this is just the usual group of union thugs. And they should up on the exact day doing the exact thing Glenn Beck predicted.

Anonymous

Posted May 4 2011

Why should I care. I pay my bills

Anonymous

Posted May 4 2011

This is a coordinated union, Marxist, Left Wing, Soros movement to push back against "evil" banks who lent them the money to buy a home, because the Government forced them to.

I wonder if those who sold their homes and made a profit are protesting?

No, that's "their" money. Liberals only cry foul when they lose, which is often, because they are rooted in lies.

Anonymous

Posted May 4 2011

i feel sorry for people that have circumstances beyond their control ie. sickness, job loss. Many people I have seen in foreclosure have simply bitten off more than they could chew. they didn't fail to buy new cars and take fancy vacations and one friend even bought a winery first! These cases should NEVER be tolerated.

Anonymous

Posted May 4 2011

i feel sorry for people that have circumstances beyond their control ie. sickness, job loss. Many people I have seen in foreclosure have simply bitten off more than they could chew. they didn't fail to buy new cars and take fancy vacations and one friend even bought a winery first! These cases should NEVER be tolerated.

Anonymous

Posted May 4 2011

IF THE ECONOMY CHANGES, THE COST OF LIVING GOES UP, AND FAMILIES ARE LOSING THEIR JOBS , ITS NOT THAT WE DONT WANT TO PAY OUR BILLS, ITS JUST NOT AFFORDABLE ANY MORE SO SOMETHINGS GOTTA GIVE...WHY NOT REMODIFY TO THE CURRENT COST OF THE PROPERTY...WHY PAY FOR A HOUSE THAT IS NOT WORTH IT ANYMORE? SO WERE NOT TRYING TO GET SOMETHING FOR FREE WERE JUST TRYING TO KEEP FOOD ON THE TABLE. REMODIFY! AND GET A MORE AFFORDABLE PAYMENT....TO STAY IN OUR HOMES..HOW IS THAT TRYING TO GET SOMETHING FOR FREE? BEEN THERE!

Anonymous

Posted May 4 2011

Obviously the paid shills are here getting piecework for posting negative comments about people. You have no idea what' s really going on do you, you get paid just like the forclosure signers for BofA. Please tell us the truth, you work for Wells Fargo or BofA. How much fo you make per post? Me I use a credit union, I wouldn't give a for profit bank a single penny of my earnings. They have no morals.

Anonymous

Posted May 4 2011

Obviously the paid shills are here getting piecework for posting negative comments about people. You have no idea what' s really going on do you, you get paid just like the forclosure signers for BofA. Please tell us the truth, you work for Wells Fargo or BofA. How much fo you make per post? Me I use a credit union, I wouldn't give a for profit bank a single penny of my earnings. They have no morals only profit reports to Wall St.

Anonymous

Posted May 4 2011

To ALL of you idiotice "RICH" morons that make derogatory remarks to those of us that have had a foreclosure prolem, I say I hope that silver spoon you wee born with never, ever becomes tarnished. Both I and my husband worked all of our lives. He was blue collar and I was in a professional capacity. We made a good living. We have a modest 3 bedroom ranch on a 1 acre plot. He was in a bad auto accident thru no fault of his and shortly after (2 months), I had a severe heart attack and had open heart surgery. We both had to retire early. He was 67, I was 63. Our income was reduced by 55%. Wells Fargo holds our mortgage. We went thru 14 months of them loosing our paperwork, foreclosure notices, harassing calls, knocks on our door and anything else they could think of to avoid a modification. We finally paid a lawyer $1400 to handle this. Five months later, we got the modification, but with an additional $22,000 added on to the loan. DON'T GIE ME YOUR BULLCRAP ABOUT PAYING BILLS OR NOT WORKING. NOT EVERYONE IS A DEADBEAT SO GO STRAIGHT TO HELL!

Anonymous

Posted May 4 2011

Ah, once I saw the SEIU signs, the article lost all credibility.

Anonymous

Posted May 4 2011

To ALL of you idiotice "RICH" morons that make derogatory remarks to those of us that have had a foreclosure prolem, I say I hope that silver spoon you wee born with never, ever becomes tarnished. Both I and my husband worked all of our lives. He was blue collar and I was in a professional capacity. We made a good living. We have a modest 3 bedroom ranch on a 1 acre plot. He was in a bad auto accident thru no fault of his and shortly after (2 months), I had a severe heart attack and had open heart surgery. We both had to retire early. He was 67, I was 63. Our income was reduced by 55%. Wells Fargo holds our mortgage. We went thru 14 months of them loosing our paperwork, foreclosure notices, harassing calls, knocks on our door and anything else they could think of to avoid a modification. We finally paid a lawyer $1400 to handle this. Five months later, we got the modification, but with an additional $22,000 added on to the loan. DON'T GIE ME YOUR BULLCRAP ABOUT PAYING BILLS OR NOT WORKING. NOT EVERYONE IS A DEADBEAT SO GO STRAIGHT TO HELL!

Anonymous

Posted May 4 2011

Move your money to credit unions... Banks are responsible to shareholders. Credit Unions are responsible to their members.

Anonymous

Posted May 4 2011

Obviously the paid shills are here getting piecework for posting negative comments about people. You have no idea what' s really going on do you, you get paid just like the forclosure signers for BofA. Please tell us the truth, you work for Wells Fargo or BofA. How much fo you make per post? Me I use a credit union, I wouldn't give a for profit bank a single penny of my earnings. They have no morals only profit reports to Wall St.

Anonymous

Posted May 4 2011

Once again the MOOCHERS society of America DEMANDS that people DO something for them.
You SIGNED on the dotted line, you agreed to the terms, NOW LIVE WITH IT... I don't feel sorry for these people.. They overspent and OVER committed themselves... Once again, the message is: SOMEONE should have stopped me, it's someone ELSES fault that I don't pay my bills.

Anonymous

Posted May 4 2011

To ALL of you idiotice "RICH" morons that make derogatory remarks to those of us that have had a foreclosure prolem, I say I hope that silver spoon you wee born with never, ever becomes tarnished. Both I and my husband worked all of our lives. He was blue collar and I was in a professional capacity. We made a good living. We have a modest 3 bedroom ranch on a 1 acre plot. He was in a bad auto accident thru no fault of his and shortly after (2 months), I had a severe heart attack and had open heart surgery. We both had to retire early. He was 67, I was 63. Our income was reduced by 55%. Wells Fargo holds our mortgage. We went thru 14 months of them loosing our paperwork, foreclosure notices, harassing calls, knocks on our door and anything else they could think of to avoid a modification. We finally paid a lawyer $1400 to handle this. Five months later, we got the modification, but with an additional $22,000 added on to the loan. DON'T GIE ME YOUR BULLCRAP ABOUT PAYING BILLS OR NOT WORKING. NOT EVERYONE IS A DEADBEAT SO GO STRAIGHT TO HELL!

Anonymous

Posted May 4 2011

I am currently pursuing a loan modification with Wells Fargo and I am current on my mortgage.

While the housing crisis caused my home to decline in value by approximately a third, the run-up in value casued Wells Fargo to profit with a much larger loan (than would have been made at today's value).

All I am now seeking is a reduction in interest rate to current market rates. This would allow me to pay down my loan more quickly to a conforming 80% value. Which would be a win/win for both of us. To date I have paid down my above market rate interest only loan by a decent principal amount and they have received far more interest income from me than a typical loan.

So far all I'm getting is the run-around (they've lost this and that and have caused me to reapply). I will not give up, but they are seriously driving me to consider going delinquent to get their attention.

They could do the right thing with me, but where's the motivation if I keep on paying? We were both victims of the inflated real estate market, but only i'm suffering (and they are profiting). This is not right.

Anonymous

Posted May 4 2011

Tough lesson to learn, but the world doesn't owe you anything.... They signed on the dotted line, KNEW the terms (If you didn't read the contract, shame on you), purchased homes above and beyond your means... You overspent; plain and simple... You just HAD to have a home, eh? One you COULDN'T Afford, eh? I feel about as sorry for you as I feel for someone that leased a car that was out of their means.. Choices: Sell, keep, or have it taken.. It's that simple. Nothing in the contracts that said you we're guranteed to make money... easy come, easy go.

Anonymous

Posted May 4 2011

What a bunch of crybabies. They took out loans that were beyond their means to begin with. I sat out the housing boom, knowing it would fold. Well, hurry up and get out of your foreclosed house so that I can come in and buy it at a firesale price. Yes, I'm one of those "vulture" real estate investors ---- cleaning up your trashed homes that you had no business buying in the first place.

Anonymous

Posted May 4 2011

Tough lesson to learn, but the world doesn't owe you anything.... They signed on the dotted line, KNEW the terms (If you didn't read the contract, shame on you), purchased homes above and beyond your means... You overspent; plain and simple... You just HAD to have a home, eh? One you COULDN'T Afford, eh? I feel about as sorry for you as I feel for someone that leased a car that was out of their means.. Choices: Sell, keep, or have it taken.. It's that simple. Nothing in the contracts that said you we're guranteed to make money... easy come, easy go.

Anonymous

Posted May 4 2011

i wish i knew about this protest to goin , cause i am modifying loans for people and worst i dealt with is wells fargo boycott them please

Anonymous

Posted May 4 2011

Pay your bills or lose your house. If your mortgage adjusts beyond your capacity to do so you couldn't afford it in the first place. It is the BORROWERS responsibility to understand the terms of the loan, not the banks responsibility to subsidize the stupidity or irresponsibility of the borrower.

....so is the SEIU just renting out mobs these days? Nice little side business...leeches.

Anonymous

Posted May 4 2011

Pay your bills or lose your house. If your mortgage adjusts beyond your capacity to do so you couldn't afford it in the first place. It is the BORROWERS responsibility to understand the terms of the loan, not the banks responsibility to subsidize the stupidity or irresponsibility of the borrower.

....so is the SEIU just renting out mobs these days? Nice little side business...leeches.

Anonymous

Posted May 4 2011

I'm sorry that allot of people don't realize the problems this country is having.
My case in particular, my Health Insurance has gone up 106% in 24 months. It is costing me $2300.00 per month and an additional 300 dollars per month for my medications. I suffer from Diabetes,Kidney failure and Heart disease. I had gone to my bank and tried for six months to re-evaluate my home loan since I only owed $10760.00 on my home. The bank refused to due this, which caused me to make a dissension as to keep my home or pay for my Health Insurance.
I have a income but my income does not go up 56% plus like the oil company's or Insurance carriers.
I had no other options but to walk away and try to find rental housing that I can afford which will be very difficult since most of the rental properties, there rent is more than what my mortgage was. And still my health insurance continues to increase.
I have lost everything that I worked for and all I have to show for it is the stress that it puts on my health.
The country is not the country I came to in 1958. It's turned into a third world country and big business runs it and they are becoming more greedy everyday.
The real problem is us, we put these people in power but we don't have the gut's to take them out of the decision making. We all have to work together to turn this country around and that includes new immigrants that need to figure out what country they are really loyal to instead of tearing our constitution apart and burning the American Flag.
P. Ullmann
Fremont Ca

Anonymous

Posted May 4 2011

I know banks are profiting from forclosures. I tried unsuccessfully for more than one year to modify when I was unemployed for two years. This is the Capitalist system. Weather it is recession or growth, only rich win in this system. they fund both parties - Republicans & democrats.

Anonymous

Posted May 4 2011

Only Corporations should be able to get freebees and Bailouts from Uncle Sam. Banks are Parasites leeching off the poor with the Americans governments blessings, coz they do it too. Poor get financially punished for being poor, with extra fees and charges on top of charges. The poor is the foundation of this country and financial terrorism is crumbling it away. Organized bankster fraud is alive and well. Kill their leader now.

Anonymous

Posted May 4 2011

ocwen- WFB case

Anonymous

Posted May 4 2011

Finally... How do we join and make this a well organized ongoing nation protest that gets the banks to really listen..??

Anonymous

Posted May 4 2011

well i have alot to say, we had a loan with wachovia for about 10 years , got a couple of refinance, and then the bank got sold to wells fargo and so far they have a pain in the --- . they call if you are a couple days in your grace period, and not just one but a couple of times, but alot,
we have tried to refinance for a lower interest rate and fixed, but to no avail.,
i am tired the bank taking my hard earned money and not helping me at all, i hate wells fargo, i almost want to walk away, but they dont deserve the house,

Anonymous

Posted May 4 2011

to the people who complain about these people not getting a free ride,
if bailing out the banks was good for the economy, so is bailing out
the homeowners. It is ten times more costly to the taxpayers to have homeless
people on food stamps and homeless shelters and other government programs,
better for the economy to extend unemployment benefits and modify their loans.
We gave the banks the money to modify, they are keeping it and not lending it. If they
forclose on a house, they can use bailout money for the difference of the loss and then resell
the house at fair market value. That's why they're not modifying the loans. They are making
a windfall double dipping!

Anonymous

Posted May 4 2011

From someone who works in the industry, modifications are only approved if the bank will save money from modifing versus foreclosing on the property. And the last thing any smart bank would do is modify you if your ask risk of falling behind on a modified payment; hence, why so may "eligible borrowers" are not approved

It's business, and if you have equity (the few of you) and can't afford your current payment, better sell your property and take what you can otherwise your lender will exercise there legal right not to modify, foreclose, and take your equity.

Tough love

Anonymous

Posted May 4 2011

we have to understand that people who bought their houses during the high picked prices went through the whole extensive process with banks and lenders, they just didn't jumped in and grabbed their houses. banks and lenders were the one fully to be blamed. our government helped them out and those money should be given to all common people who have mortgage problem, but then bankers/lenders did n't shared or used all the money for people who's in trouble in their mortgages, instead the bankers bosses used the most money to themselves first, and they had tried to help some homeowners that have problems on their mortgage payments but wells fargo/lenders are very picky and hard to get and there's no such thing as "clean 30 years affordable mortgage loan". some people like me, wells fargo just keep renewing my mortgage every year and in some reason, why can't they give me the fix 30 years to pay for my mortgage and i was not asking to lower my principal, just fix my loan for at least 30 yrs and i knew i am very qualified. in my own opinion, our government should give the "mortgage help money" directly to those people who has problem on their mortgages, government can get the list of homeowners that has a problem on their mortgage payment, ceo of bankers and other higher officials are already rich and now became more richer, they don't care about us, as a common people, they already got their money, what else?
government officials and politics...all talks....they are rich too.
by the way, i still up to date on my mortgage payment, but i wanted wells fargo to fix my home loan to at least 30 years with the current interest rate, however, none from wells fargo really interested talking with me or trying to help me out.
do your remember when ex-pres. bush gave us the "stimulus money" like $600.00 for couple? at least we got the money!
sad!!!!!!!!!!

Anonymous

Posted May 4 2011

You people are bunch of haters. They have a right to protest.

Wells Fargo = Criminals

Anonymous

Posted May 4 2011

You people are bunch of haters. They have a right to protest.

Wells Fargo = Criminals

Anonymous

Posted May 4 2011

You people are bunch of haters. They have a right to protest.

Wells Fargo = Criminals

Anonymous

Posted May 4 2011

You people are bunch of haters. They have a right to protest.

Wells Fargo = Criminal

Anonymous

Posted May 4 2011

You people are bunch of haters. They have a right to protest.

Wells Fargo = Criminals

Anonymous

Posted May 4 2011

You people are bunch of haters. They have a right to protest.

Wells Fargo = Criminals

Anonymous

Posted May 4 2011

You people are bunch of haters. They have a right to protest.

Wells Fargo = Criminals

Anonymous

Posted May 4 2011

Wells Fargo Bank is the WORST! They are like vicious beasts waiting of any homeowner to default one or two payments, and their computer system would take over the houses from poor people and grab the assets turning the people's equities into the bank's own... No courtesy calls, no referrals to homeowners' assistance companies, etc. actually, they only refer to their own subsidiaries as "neighborhood consulting services" which will consult only for the WFBank's benefits.
We Americans are becoming sheepish and walking away from our houses, instead of the government helping the people, they are giving billions to the banks to continue robbing the people! Only bloody revolution would correct these situations, like the French Revolutions.. The politicians' only concern is their own reelection and don't care much about the people's status... higher gasoline prices, higher food prices, higher unemployment, higher taxes... etc... and nobody would help the people! IS THIS AMERICA? The politicians created this mess, now they blame the people for their mess and ask us to pay more in taxes to fill their pockets even more for reelection! What a FARSE!

Anonymous

Posted May 6 2011

The banks are seeing what they want to see.

Anonymous

Posted May 25 2011

My son just lost a home to wells fargo. they had been modifying his home for over 2 years.
He had to write 3 hardship letters. They kept putting him off. He did everything he could to
work with them. He was promised that if he paid his payment for 1 year, not being late,
they would lower his payment and give him a lower rate. This never happened. He had to
give up his home that his family loved.

Disclaimer: Comments do not necessarily reflect the views of New America Media. NAM reserves the right to edit or delete comments. Once published, comments are visible to search engines and will remain in their archives. If you do not want your identity connected to comments on this site, please refrain from commenting or use a handle or alias instead of your real name.