To: Wells Fargo Home Mortgage and Governor Gavin Newsom
Wells Fargo deceptive loan solutions
Set up a watchdog government program to help in modifying loans that don't qualify under the guidelines of the Bank Settlement.
Why is this important?
I am trying to get my loan adjusted with Wells Fargo, and I like millions of other folks we are outside the existing Bank Settlement agreement the government gave the 5 major banks.
I would like to request a special review board to be assigned to our cases as the limit placed on the loan mortgage amount ($729,000) eligible for mandatory loan modification Settlements does not reflect the badly inflated pre 2005 housing costs in areas like Los Angeles and San Francisco.
Millions of us have no rights nor hope of being assisted with our mortgages in an honest manner. It is not fair. Wells Fargo is being very deceptive in assisting me with my payment challenges, including refusing to disclose the penalties and court costs on my loan, only communicating by phone and lying about what I said in letters subsequently sent to me.
All 5 banks (B of A, Wells Fargo, Citibank, Chase, Ally Financial) should to be held accountable to make reasonable loan adjustments for this group of mortgages. We desperately need protection rights and a watch dog group to help us.
I would like to request a special review board to be assigned to our cases as the limit placed on the loan mortgage amount ($729,000) eligible for mandatory loan modification Settlements does not reflect the badly inflated pre 2005 housing costs in areas like Los Angeles and San Francisco.
Millions of us have no rights nor hope of being assisted with our mortgages in an honest manner. It is not fair. Wells Fargo is being very deceptive in assisting me with my payment challenges, including refusing to disclose the penalties and court costs on my loan, only communicating by phone and lying about what I said in letters subsequently sent to me.
All 5 banks (B of A, Wells Fargo, Citibank, Chase, Ally Financial) should to be held accountable to make reasonable loan adjustments for this group of mortgages. We desperately need protection rights and a watch dog group to help us.