Courts ruling against US Bancorp and Wells Fargo bank foreclosures.
In our society, banks foreclose on properties when borrowers become delinquent. However, in recent times the banksters have been doing things in a criminal manner and getting away with it. From predatory lending to robo-signing signatures.
It is refreshing to see the courts ruling against the evil actions of bank like US Bancorp and Well Fargo Bank.
A court in Massachusetts raised questions about the mortgage foreclosure process when it ruled against U.S. Bancorp (USB) and Wells Fargo & Co. (WFC) Friday in two mortgage foreclosure cases. The ruling affirmed a lower court decision that the banks, acting on behalf of investors in trusts of securitized mortgages, failed to show they held the mortgages at the time of the foreclosure.
The Massachusetts ruling involves just one of many litigations winding their way through courts across the country. In another case in nearby Maine, the Supreme...
Anna Kournikova
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