Wells Fargo & Company Mortgage Complaint

Wells Fargo & Company Mortgage department,

Reverse mortgage Application, originator, mortgage broker Massachusetts

This is my dispute of the Wells Fargo Response. Tried to fill out the actual dispute form but system is not working properly right now. I will re-submit. An official FHA application is a " good faith estimate ''? It Is stated on the FHA application that if the lender is Knowingly providing false information it is punishable by a fine or imprisonment. - - do you expect anybody to believe that an ethical big bank would chance sending a GFE on an official U.S Goverment application Document. - - would like us to believe that the FHA would approve a GFE application. The information on the fraudulent FHA specifically word for word states : Note : FHA insures reverse mortgages for one-to-four family units under various provisions of section 255 of the National Housing Act ( Title, United States Code, Section 1715z-20 et seq ).


is a Good Faith Estimate, then Wells Fargo employees should go to prison AND THE COMPANY SHOULD PAY A FINE because GFE is not considered FACTUAL. You 've admitted that you KNEW that the application WAS NOT FACTUAL and you still covered the scam by lying to solidify the fact that THE OFFICIAL FHA application is just a Good Faith ESTIMATE. It is indeed a FEDERAL CRIME to KNOWINGLY submit NON-FACTUAL INFORMATION on FHA Case Number - -. On the same appllication it states that I have $.00 debt. Would over - $ owed to creditors be considered a Good Faith Estimate? Amount of Mortgages and liens that I owe is $.00 Now - states that my ( - ) was used to pay previous mortgages. The application then asks that tha Total liens and unpaid loan balances total $.00 Good Faith Estimates? The U.S. Government has filed a civil suit against Wells Fargo for reckless underwriting and fraudulent loan certification for thousands of Federal Housing Administration-insured loans under FHA 's Direct Endorsement program. The loans in question ultimately defaulted, resulting in - of dollars in insurance claims paid by FHA, the suit alleges. The loans in question do not include reverse mortgages. " As the complaint alleges, yet another major bank has engaged in a longstanding and reckless trifecta of deficient training, deficient underwriting and deficient disclosure, all while relying on the convenient backstop of government insurance, '' said - U.S. Attorney - -. " As also alleged, Wells Fargo 's bonus incentive plan - rewarding employees based on the sheer number of loans approved - was an accelerant to a fire already burning, as quality repeatedly took a back seat to quantity. '' After underwriting and endorsing the loans in question, the suit alleges, Wells Fargo covered up the fact that the loans were defaulting. Wells Fargo falsified the FHA application for the exact same reason as I have explained. TO INSURE THE LOAN. Then pass it along to HUD as a legitimate FHA application. The information contained in the FHA application is legally binding since HUD uses that application to also make crucial decisions regarding a HECM. WELLS FARGO USED THE FHA APPLICATION TO GATHER MY NAME, SOCIAL SECURITY NUMBER, OUTSTANDING LIENS AND MORTGAGES AND MY OTHER PERSONAL FINANCIALS. Submitting a false government document : The False Claims Act ( 31 U.S.C. 3729-3733, also called the " - - '' ) is an American federal law that imposes liability on persons and companies ( typically federal contractors ) who defraud governmental programs. It is the federal Government 's primary litigation tool in combating fraud against the Government. . PLEASE SEE THE ATTACHMENT I HAVE PROVIDE