Wells Fargo: Of Vice Presidents Real and Fake

Here’s a deposition from one of Wells Fargo’s “Vice-Presidents of Loan Documentation”   John Herman Kennerty.  He has personal knowledge of other people’s personal knowledge.  He signs 50-100 documents per day and checks the date on them.

Also, in March of this year, there was a deposition of one Xee Moua, who had this to say:

In a sworn deposition on March 9 seen by the FT, Xee Moua, identified in court documents as a vice-president of loan documentation for Wells, said she signed as many as 500 foreclosure-related papers a day on behalf of the bank.

Ms Moua, who was deposed as part of a foreclosure lawsuit in Palm Beach County, Florida, said that the only information she verified was whether her name and title appeared correctly, according to the document.

Asked whether she checked the accuracy of the principal and interest that Wells claimed the borrower owed – a crucial step in banks’ legal actions to repossess homes – Ms Moua said: “I do not.”

See the full article on Zero Hedge.

I know you are as confused as I am.  Wasn’t it just a few days ago that Wells was swearing up and down that its affidavits were perfecto and its foreclosures didn’t stink?  Now this has not been my personal experience but don’t take it from me, read it in these depositions taken in other cases.  Have they uncovered a unicorn in finding a Wells robo-signer or is Wells simply better at hiding a stable full of horses with a horn glued to their heads?

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