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U.S. government sues Wells Fargo, claiming civil mortgage fraud

  • 6,320 loans reportedly had problems, but Wells Fargo never told the Federal Housing Administration, which insured the loans. The loans eventually failed, leaving the federal government on the hook.
  • $190M the amount these loans ended up costing the United States after the financial crisis hit; now the government is suing, saying Wells Fargo didn’t report issues even after the quality-review department flagged them for issues. source
October 10, 2012 // 9:18 // 1 year ago
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172 notes from really cool Tumblrs like ours. Click to read.

  1. lifepied reblogged this from inothernews and added:
    Rut roh
  2. devilsknob reblogged this from inothernews
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  8. mydaywithd reblogged this from randomactsofchaos
  9. andrewg616 reblogged this from inothernews
  10. andyoubirdcansing reblogged this from inothernews and added:
    YES
  11. ojlefty reblogged this from shortformblog
  12. slugbeast reblogged this from inothernews
  13. domesticatedbutnotdead reblogged this from inothernews
  14. atlasaire reblogged this from shortformblog
  15. justkeyta reblogged this from private-revolution
  16. oldmanyellsatcloud reblogged this from shortformblog and added:
    A bit of a late response to those “WHAT DID THE GOVERNMENT DO IN RESPONSE TO THIS/THANKS OBAMA” types of videos and...
  17. satanic-capitalist reblogged this from shortformblog
  18. computermagician reblogged this from shortformblog and added:
    still trying to deal with them myself on my house issues! I will win
  19. f1ghtoffyourdem0ns reblogged this from shortformblog
  20. doitninetimes reblogged this from inothernews
  21. noelanthony reblogged this from ifieverstray
  22. heyqt reblogged this from inothernews
  23. prettyandkind reblogged this from inothernews and added:
    I think it’s time to switch banks.
  24. felixity reblogged this from shortformblog
  25. kar1231 reblogged this from shortformblog and added:
    HAHA! what an awesome article to read on my last day work at Wells Fargo. I’m sure they will deny all charges. Wells has...
  26. deanka84 reblogged this from shortformblog and added:
    My miscommunication with my Wells Fargo student loan has just been answered.
  27. playthefivetones reblogged this from thebardofavon
  28. occupyv reblogged this from randomactsofchaos