WHO ARE THOSE CUSTOMERS ALREADY GIVEN $3.4 BILLION IN PRINCIPAL FORGIVENESS? WHY WOULD THE ATTORNEY'S GENERAL AGREE TO ALLOW WELLS FARGO TO FORCE AT-RISK CUSTOMERS THREE YEARS TO QUALIFY BEFORE HONORING THEIR PRINCIPAL FORGIVENESS AGREEMENT?

Wells Fargo Enhances Mortgage Assistance
for At-Risk Wachovia Pick-a-Payment Customers

Company also will contribute $24 million for customer outreach and foreclosure prevention efforts in eight states

DES MOINES, Iowa — October 6, 2010

Wells Fargo & Co. (NYSE: WFC) announced today that beginning Dec. 18, 2010, through June 30, 2013, at-risk Wachovia Pick-a-Payment customers may be eligible to earn principal forgiveness by making on-time mortgage payments.  (Bold, underline added.)  [WHY WOULD THE ATTORNEY'S GENERAL AGREE TO ALLOW WELLS FARGO TO FORCE AT-RISK CUSTOMERS THREE YEARS TO QUALIFY BEFORE HONORING THEIR PRINCIPAL FORGIVENESS AGREEMENT?]  The company also will contribute about $24 million to eight states to enlist help in customer outreach, and to prevent or mitigate the impacts of foreclosures in these communities. The terms of this agreement have been contemplated in the company’s financial projections, and are expected to have no impact on third-quarter financial results.

The program is part of an agreement with attorneys general in Arizona, Colorado, Florida, Illinois, Nevada, New Jersey, Texas and Washington who expressed concerns about the manner in which pay-option mortgages were originally marketed by World Savings Bank and Wachovia, who originated these loans prior to merging with Wells Fargo in late 2008. The agreement expands on Wells Fargo’s existing home preservation efforts. Through August 2010, at-risk Wachovia Pick-a- Payment customers already had been given almost $3.4 billion in principal forgiveness.

“In light of the unprecedented changes in our economy, Wells Fargo will continue to work with leaders across the nation on steps to help stabilize communities,” said Mike Heid, co-president of Wells Fargo Home Mortgage.

“We are pleased that Wells Fargo has stepped forward and agreed to work with us in avoiding another wave of foreclosures in our states,” said Arizona Attorney General Terry Goddard, the attorney general who led the eight-state effort. “Their willingness to add to their existing principal forgiveness program is important to help consumers facing hardships who are deeply underwater in their homes.”

By Dec. 18, 2010, the company will contact customers likely to be eligible for the new program via letters, and will maintain a dedicated helpline – including Spanish-speaking specialists – to assist borrowers. Borrowers who already have received a modification will not be eligible for the new program. Wells Fargo customers who originally took out mortgages through Wachovia or Golden West who are looking for information about the loan modification program can call 888-565-1422.

About Wells Fargo
Wells Fargo Home Mortgage is the nation’s leading mortgage lender and services one of every six mortgage loans in the nation. A division of Wells Fargo Bank, N.A., it has a national presence in mortgage stores and banking stores, and also serves the home financing needs of customers nationwide through its call centers, Internet presence and third-party production channels.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 banking stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune’s 2009 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

Citizen Reveals Loopholes 
Federal Regulations. 
Conglomerates own banks
Graham-Leach-Bliley Act
Save America One

(Non-Profit; Public Policy industry)

September 2010 — Present (2 months)

WFC HOLDINGS COPORATION 1998 'Norwest' continued surviving corporation restructured mortgage corporation and introduced in 2000 following Gramm-Leach-Bliley Act updates that allowed conglomerates to own banks.

Wells Fargo Home Mortgage, Inc., a general purpose corporation, created in 2000 as a California Domestic For Profit entity who does not do consumer mortgages.

Deceptive advertising influenced consumers of to beleive 'Wells Fargo Bank' was a safe place consumers could bring their personal and real property.

Federal Resulations in 2003 requiring less documentation.

WFC HOLDINGS CORP Senior Management 2004 merged out of existence Wells Fargo Home Mortgage, Inc. and introduced in many states a new general purpose trade name of the subsidairy Wells Fargo Bank N.A. who does not do consumer mortgages.

Business operations continued non-stop in asset-securities transactions bypassing Wells Fargo Bank, National Association rather thru Wells Fargo Securities LLC, a subsidiary whose tranasactions as a pass-thru agency & one which does not report federal income taxes as documented by KPMG LLP provides compelling interest to investigate were the transactions buried so unlawful business acts could not be accurately reported by citizens since WFC HOLDIGNS CORPORATION did withhold accurate business statements and omitted facts creating False Statements, Misrepresentations, False Claims.

Example: Wells Fargo & Co. to Wells Fargo & Co. refinancing 2004-2008 thru Lehman Brothers Bank FSB.
Lehman INVESTOR & Wells Fargo Securities 3 days before consumer.close on securities side
Save America One

(Non-Profit; Public Policy industry)

September 2010 — Present (2 months)

Aurora Financial Services LLC spring map discloses one-way transactions flow into Lehman Commodities. Is this only since 2009?

Why is Lehman INVESTOR with MERS SERVICER ID active same day papers presented to consumer to review mortgage they were not allowed to cancel?

Why is the actual Lehman name and actual name of the subsidiary Structured Asset Securities Corporation SASCO - a general purpose corporation not on the legal documents?

Why is Wells & Bear Stearns & Co., & WFC HOLDINGS CORPORATION as the manufacturer on Wells to Wells refinancing transactions close 3 days prior to consumer. Wells Fargo Securities LLC a subsidiary - Norwest ... Wells Fargo & Co. Parent of Title Resource Group aka Related Financial LLC means what? Something when Wells Fargo Bank NA can make False Statements, False Claims, Misrepresentations. Indeed legal documents ordered by Wells Fargo Home Mortgage faxed and processed by Wells Financial and Wells Fargo Home Mortgage & Wells Fargo Securities LLC.

Third party's as Depositor to place currency into treasury of an entity of Wells Fargo Securities LLC (subsidairy) Agents Norwest ....

Wells Fargo Securities LLC KPMG LLP documented appears as a pass-thru agency and one who does not report federal income taxes.

Why did Lehman Brothers' allow Bear Stearns & Co. to provide no cost loans? (3) days prior to actual consumer mortgage? and Lehman INVESOR was allowed to move transactions thru WFC entities who did not report federal income taxes.

Why did Wells Fargo Home Mortgage division Wells Fargo Bank NA (subsidairy) never do consumer mortgages?

Why is Wells Fargo & Co in secret Parent of TRG - Title Resource Group? And Realogy subsidiaries and affiliates team members of WFC?