Comment Text:
Title: End-User Exception to Mandatory Clearing of Swaps
FR Document Number: 2010-31578
Legacy Document ID:
RIN: 3038-AD10
Publish Date: 12/23/2010 12:00:00 AM
Submitter Info:
First Name: Donna
Last Name: Vieira
Mailing Address: 2415 Yaffe Dr.
City: san leandro
Country: United States
State or Province: CA
Postal Code: 94578
Organization Name: Wells Fargo
Wells Fargo falsified 1099-A form.
Wells Fargo originated us a fraudulent mortgage loan in 2005 and then wrongfully foreclosed our home in 2010. In between, Wells Fargo sold our fraudulent mortgage loan. However, FHLMC was never our lender. Freddie Mac confirmed also. Wells Fargo is falsifying 1099-A forms to defraud us and taxpayers.
Here are the facts:
? Wells Fargo originated us a fraudulent mortgage loan in 2005.
? Wells Fargo?s fraudulent appraisal valued our home for $718,000.
? Wells Fargo?s review appraisal valued our home for $475,000.
? Wells Fargo promised to rescind its fraudulent mortgage loan and help us to recover all of our financial losses, if we prove that Wells Fargo made us a fraudulent mortgage loan based on inflated appraisal in 2006.
? Nevada Attorney General's Office suspended the appraiser's license for committing appraisal fraud on our home in 2008.
? Wells Fargo later refused to carry out its promise to rescind its fraudulent mortgage loan. NRS205.372 states that committing mortgage fraud is a Category C felony, if proven, it also entitles us to rescind Wells Fargo's fraudulent loan.
? We put $151,000 downpayment. Between 2005 and 2009 we paid Wells Fargo around $350,000.
? On June 15, 2010, Wells Fargo still foreclosed our home, knowing that it is a Category C felony to make a mortgage loan and foreclose our home based on a fraudulent appraisal.
On our website www.wellsfargomortgagefraud.com, you can find Wells Fargo?s fraudulent appraisal, Wells Fargo?s own retroactive review appraisal and Nevada Attorney Office?s decision to suspend the appraiser?s license for committing appraisal fraud on our property.
It's been a five years battle. In our case, Wells Fargo has proved over and over again that it has created a business model built on fraud. Please help us hold Wells Fargo accountable for its fraudulent business practices.
Sincerely,
Donna & Nuno Vieira
