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Wells Fargo Blatantly Discriminating Against Hispanic Homeowner *Update*

February 22, 2012 1 comment

Wells Fargo is blatantly discriminating against our Hispanic client. They clearly qualify for a HAMP loan modification, but Wells Fargo is refusing to modify the loan and postpone the auction that is scheduled for Thursday, February 23, 2012. We are very disappointed with the treatment our clients are experiencing. This loan is predatory and discriminatory. We will update with more information and the complete story tomorrow.

Update: Wells Fargo postponed this auction. The new date is March 26, 2012. Our hope is that Wells Fargo will follow the guidelines and modify this mortgage.

Rachel Kendall and Supporters to Protest with Occupy Sacramento at Wells Fargo Event

February 8, 2012 12 comments

Rachel Kendall and her supporters will be joined by Occupy Sacramento to protest at the Wells Fargo Home Preservation Event in Sacramento on February 9, 2012. For anyone who is interested in joining them, the address is:

Sacramento Convention Center

1400 J Street

Sacramento, CA 95814

Perhaps the protestors will encourage Wells Fargo to preserve home ownership instead of using unfair and deceptive practices that lead to foreclosure.

If you can’t be at the event, please sign our petition telling Wells Fargo you stand with Rachel Kendall.

Rachel Kendall and Supporters will be Protesting at Wells Fargo Event

February 6, 2012 4 comments

Rachel Kendall and supporters will be protesting at the Wells Fargo Home Preservation Event in Sacramento, California on February 8, 2012. They will be protesting Rachel’s wrongful foreclosure and Wells Fargo’s unfair and deceptive practices towards other homeowners.

The address is:

Sacramento Convention Center

1400 J Street Sacramento, CA 95814

Feb 8th – 9am – 7pm

You can read more about Rachel Kendall here on our blog. Please support her fight to have her wrongful foreclosure rescinded by stopping by the event and/or signing our petition at Change.org.

Please share this post with your friends via email, Twitter or Facebook.

Foreclosure claims dominate CFPB mortgage complaints | HousingWire

February 4, 2012 Leave a comment

 

More than 38% of the 2,300 mortgage complaints sent to the Consumer Financial Protection Bureau in December related to loan modification and foreclosure concerns, the largest share in this category.

The CFPB took nearly 10,000 total complaints across its entire array of monitored financial products since July, which includes payday loans, student loans, credit cards and others.

And the bureau reports that when the CFPB comes calling, mortgage firms largely answer.

The bureau said implicated companies responded to 88% of the complaints. Of these, companies provided relief — in some cases  payment to the borrower — on more than half. Nearly 19% of the relief provided went to mortgage-related complainants.

The CFPB began taking consumer complaints regarding mortgages at the beginning of that month. Of these, 889 regarded problems with mortgage modifications or the foreclosure process, nearly double the next largest category, according a semi-annual report to Congress from the bureau.

Foreclosure claims dominate CFPB mortgage complaints | HousingWire.

Bruce Judson: Seven Questions Begging to Be Answered Before a Foreclosure Settlement Is Reached

February 3, 2012 Leave a comment

Treasury Department expanding efforts to help more homeowners and strengthen hard-hit communities

January 29, 2012 1 comment