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« Riley: agent at the center of $30 million in defaults | Main | SF: Supervisors to introduce mortgage fraud legislation »
Thursday
Jul162009

The Victim Who Wasn't There Investors, mortgage fraud may complicate Baltimore's suit against Wells Fargo 

DateThursday, July 16, 2009 at 12:53PM

The Baltimore City Paper article by Edward Ericson Jr. was published on July 15, 2007. It describes an ongoing predatory lending lawsuit filed against Wells Fargo by the City of Baltimore and the papers own findings of fraud which in some ways contradict the law suit.

“The most famous example of Wells Fargo Bank’s allegedly predatory Baltimore lending practices stands at 2520 Shirley Ave., in the city’s Greenspring neighborhood.

“This house ain’t nothing but a rat hotel. You know, that’s all it is, nothing but a rat hotel,” Stephen Faison, who lives next door to the trash-strewn hulk, told a CNN camera for a June 11 broadcast. “Don’t nobody even live here.”

Full article

AuthorThe Editor - Ian Shuter - ACFE, DMS | Comments Off | Reference1 Reference | | | Print ArticlePrint Article

References (1)

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  • Source
    Source: The Victim Who Wasn't There
    by Edward Ericson Jr. at Baltimore City Paper on July 16, 2009
    Asked during that press conference what percentage of Wells Fargo foreclosures in Baltimore were on real-estate investors, John Relman, the city's lead attorney, brushed the question aside. "For the most part," he said, "when you look at the data, you have home owners."