· Wells Fargo said it is submitting additional affidavits for roughly 55,000 foreclosures pending in 23 states, but said it does not have any plans to halt foreclosure sales.
Wells Fargo & Co. is standing by the accuracy of foreclosure filings and won’t follow competitors in delaying seizures, after an employee testified he signed documents for proceedings without personally reviewing records.
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First reported by the Financial Times and now they were kind enough to share the depo below. Wells adds to crisis over home seizures. In a sworn deposition on March 9 seen by the FT, Xee Moua, identified in court documents as a vice-president of loan documentation for Wells, said she signed as many as 500 foreclosure-related papers a day on behalf of the bank.
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 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.
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Wells Fargo Provides Update on Foreclosure Affidavits. And Mortgage Securitizations. DES MOINES, October 27, 2010 – Wells Fargo & Company (NYSE: WFC) is continuing its ongoing efforts to monitor and assess its foreclosure affidavit procedures.REO-to-rental market quickly becoming asset class The market for high. daily liquidity in an asset class that has become increasingly difficult to trade. Clearly, many see this as the beginning of a downturn in the high-yield market. The expect.
Wells Fargo declined to comment on Ms Moua’s deposition but said its records showed its "foreclosure affidavits are accurate". The bank added: "When we find team members who do not follow.
Wells Fargo Bank, N.A. v Jones. Plaintiff sought to submit the 2013 Duncan Affidavit in order to comply with Administrative Order 548/10 of the Chief Administrative Justice, which was promulgated on October 20, 2010, as amended by Administrative Order 431/11 on March 2, 2011 (the Administrative Order) [FN1].