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Saturday, July 13, 2024 | Back issues
Courthouse News Service Courthouse News Service

Banks

SANTA ANA, Calif. (CN) - The National Organization of Assistance For Homeowners of California say Wells Fargo and a slew of others violated their own guidelines to sell plaintiffs' mortgages above their actual vales to bulk investors, knowing the scheme would result in a liquidity crisis that would gravely damage plaintiffs. Click 'Banks' headline to see the defendants.

Here are the defendants in the seven complaints in Orange County Court: Mortgage Electronic Registration Systems Inc.; EMC Mortgage and Central Mortgage Co.; Wells Fargo Bank and Wachovia Financial Services; IndyMac Mortgage Services; Aurora Loan Services; Ocwen Financial Corp., Saxon Mortgage Services, HomeQ Servicing Corp. and Downey Savings & Loan Assoc.; and Chase Bank and Washington Mutual Bank.

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