Wednesday, August 12, 2009

Bankruptcy Judges, Justice Dept. Rip Mortgage Companies

This article features a photo of the Justice Department Logo with Wells Fargo and a drawing of a house. We are thinking about refinancing with the bank that currently holds our mortgage, Wachovia Bank. I called them and got a return call from the Wells Fargo mortgage person. I just read this article. Oops. Not sure what we will do now. The two banks have not completely merged yet.
“Systemic abuse.” “Extraordinary incompetence.” “Reckless.” In a growing body of legal cases, judges and the Justice Department are breaking from legal jargon to starkly chastise mortgage companies. Read all about it.

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