Friday, April 13, 2012

Wells Fargo Slapped With $3.1 Million Fine For 'Reprehensible' Handling Of One Mortgage

Wells Fargo as well as other lenders engage in this type of behavior because they know the borrower doesn't usually have the means to defend themselves or to bring an action against their lender for predatory lending/predatory servicing and have also come to realize that the courts have no time to deal with these issues. Knowing most judges do not have the time or understanding of exactly how lenders screw over their customers is even more incentive for lenders to continue this type of behavior.

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