Christine Baker (Admin)
Post Number: 95
|Posted on Sunday, September 01, 2002 - 11:55 pm: ||
Please post here any relevant links.
"Update of December 24, 2001: Anxious to give Wells Fargo a Christmas present, the Fed rushed to approve Wells' deal for Carl Pohlad's banks on December 20. The rush is reflected in a series of Fed "memos to file," reflecting three telephone calls from Fed staff to Wells in the week prior to the approval. The Fed mailed copies of these memos to ICP such that they arrived after the Board hauled off and approved the deal, then split for vacation. From the Order:
The HMDA data for 1999 and 2000 indicate that the percentage of Wells Fargo's housing-related loans to African-American and Hispanic borrowers and in predominantly minority census tracts generally was comparable with or lagged that of the aggregate of lenders in many of markets reviewed. In addition, this HMDA data show that Wells Fargo's denial disparity ratios for African-American or Hispanic applicants generally were comparable with or higher than the denial disparity ratios for the aggregate of lenders with respect to the total HMDA-reportable loans in these markets."
There's a LOT of interesting stuff about WF on that page.
Post Number: 2
|Posted on Saturday, October 19, 2002 - 05:10 pm: ||
There are lots of victim reports here at this site... One including the victim from TN that was NOT in financial distress, and HAD money in the bank, and they still screwed with his payments... and did not care to fix them.. Lawyers can see how bad WF is, when the victim has money and was not in BK... Otherwise, they see us as whiners and lazy, and bums sometimes, and do not want to spend time.
Other times it is because they know someone in financial distress will be MUCH more willing to settle for no money, but keeping their home and not pursue for damages. Which means any work an Attorney had done would be for FREE.( Can you relate Christine?...lol) And no attorney will take that chance. So the cycle continues....