Wells Fargo standing by accuracy of foreclosure affidavits

 · Spotlight falls on Wells foreclosure procedures. Herman John Kennerty, a Wells Fargo employee based in Fort Mill, South Carolina, said in a May 20, sworn deposition that he signed as many as 150 documents a day without checking their contents. Wells Fargo won the foreclosure case in which Mr Kennerty was deposed.

GSEs release guidance on HARP changes The changes will allow more "underwater" borrowers – who owe more on their mortgage than their homes are worth – to refinance their home loans at today’s record-low interest rates. The changes being implemented by Genworth will make it simpler and more efficient for lenders to participate in the HARP.

They have accused mortgage companies of violating state laws. Wells Fargo spokeswoman Vickee Adams said the bank’s records show that its foreclosure affidavits are accurate, and that when its.

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The second largest servicer in the United States, Wells Fargo is not planning to review foreclosure affidavits in light of the robo-signer allegations at many of its competitors. In an email to.

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Wells Fargo Foreclosures Proceed After Data Queried Via Bloomberg by Dakin Campbell and David Mildenberg. Wells Fargo & Co. is standing by the accuracy of its foreclosure filings and won’t follow competitors in delaying seizures, after an employee testified he signed documents for proceedings without personally reviewing records.

In her affidavit, Ellis explained that Wells Fargo had physical possession of the note prior to commencement of this action and that Wells Fargo was a corporate entity that could sue in its own name (see Wells Fargo Bank, N.A. v. Arias, 121 AD3d 973; Kondaur Capital Corp. v. McCary, 115 AD3d 649; Aurora Loan Servs., LLC v.

Wells Fargo Bank, N.A., FHA, HUD, andjor any investor." (g) A cancellation clause which reads as follows: "Seller may cancel this agreement prior to the ending date of the listing period without advance notice to the broker, and without payment of a commission or any other

Wells Fargo and Citigroup’s. Although the foreclosure in that case was upheld, Wells Fargo did not dispute Kennerty’s signing practices.. We will stand by our affidavits and, if we find an.

"Foreclosure Affidavits Wells Fargo policies, procedures and practices satisfy us that the affidavits we sign are accurate. We audit, monitor and review our affidavits under controlled standards.

And from Jacob Gaffney at Housing Wire: Wells Fargo standing by accuracy of foreclosure affidavits The second largest servicer in the United States, Wells Fargo is not planning to review foreclosure affidavits in light of the robo-signer allegations at many of its competitors.