“When they did the bailout, they bailed out the banks … but they never bailed out the homeowners. The homeowners took the biggest hit.”
None of this comes as a surprise to any of us who have been dealing with the systemic idiocy of Wells Fargo’s mortgage loan modification review “process” over the past seven years or so. Nor, for that matter, anyone who has tried to re-structure a mortgage serviced by any of the “too big to fail” banks.
Falsified paperwork. “Lost” paperwork.Electronic “paperwork.” Paperwork that didn’t count because you didn’t sign it in the lower left-hand corner upside down with your own blood.
“What people don’t understand is this: 49 attorney generals went after
almost every major bank including Wells Fargo.
There was a $25 billion settlement for these kinds of fraudulent practices,but nothing to help the homeowners. That’s what is so crazy.”