Wells Hands Over Mortgage Records

Over the last two and a half years, Wells Fargo, like most of the major mortgage servicers, claimed that it had a “rigorous system” to insure that mortgage documents were accurate and complete. The reason this mattered was that there was significant evidence to the contrary.

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ELLIOT LAKE, Ont. — A frustrated commission probing the deadly collapse of a mall’s roof-top garage in northern Ontario is poised to take the owner to court for failing to turn over thousands of documents, The Canadian Press has learned. At issue are emails to or from Bob Nazarian which the commission believes are directly related to the Algo Centre Mall. As a required prelude to court action, Commissioner Paul Belanger has already formally ordered Nazarian to comply with several summonses to turn over the material.

Two bankruptcy cases in Louisiana that have revealed systematic, persistent foreclosure abuses by Wells Fargo have gotten enough media attention that it is inconceivable that banking regulators don’t know about them. The lack of any intervention, or even so much as a throat-clearing by the Office of the Comptroller of the Currency is yet another proof of how the regulator apparently sees its role as fronting for banks rather than enforcing rules.

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(Reuters) - Wells Fargo & Co agreed Tuesday to pay $105 million to settle an inves

(Reuters) - Wells Fargo & Co would pay up to $2.5 million in atto