- A federal judge will allow Wells Fargo's (WFC +0.7%) dreaded foreclosure manual into evidence in the bankruptcy case of a former homeowner. The homeowner's lawyer alleges the manual is "a blueprint for fraud," and contains step-by-step instructions for - among other things - processing notes without endorsements.
- Previous coverage
- In other news, the D.C. revolving door brings two former CFPB officials closely involved with writing new mortgage rules into the bank's employ. Peter Carroll - the CFPB's assistant director of mortgage markets - is now senior VP of capital markets at Wells Fargo Home Mortgages, and Lisa Applegate - the bureau's mortgage-implementation lead - will start later this month as a strategic quality manager within the bank's home lending capital markets group.
From other sites
at Zacks.com (Thu, 3:08PM)
at 4-traders.com (Tue, 6:59PM)
at 4-traders.com (Tue, 11:46AM)
at 4-traders.com (Mon, 9:03AM)
at CNBC.com (Mar 17, 2015)
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