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Reuters: Borrowers can sue Wells Fargo over mortgage modifications
Byadmin
Wells Fargo is in the NEWS a lot lately… (Reuters) – Wells Fargo & Co must face lawsuits by homeowners who claim the largest U.S. mortgage lender refused to offer them permanent mortgage modifications for which they had qualified, a federal appeals court ruled on Thursday. The 9th U.S. Circuit Court of…
China to Purchase the Federal Reserve
Byadmin
In essence, China has been slowly buying up the Federal Reserve for some time now. If you can call it a purchase. Its more of a negotiation over assuming the liabilities of both the Federal Reserve and the U.S. Treasury. The Federal Reserve is the largest holder of U.S. debt at $2.1 trillion. China is second at…