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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Judge Rules Wells Fargo Engages in "Reprehensible," Systemic Accounting Abuses on Mortgages, Hits with $3.1 Million Punitive Damages for One Loan | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="itcj033GS3"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/04/judge-rules-wells-fargo-engages-in-reprehensible-systemic-accounting-abuses-on-mortgages-hit-with-3-1-million-punitive-damages-for-one-loan.html"&gt;Judge Rules Wells Fargo Engages in &#x201C;Reprehensible,&#x201D; Systemic Accounting Abuses on Mortgages, Hits with $3.1 Million Punitive Damages for One Loan&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/04/judge-rules-wells-fargo-engages-in-reprehensible-systemic-accounting-abuses-on-mortgages-hit-with-3-1-million-punitive-damages-for-one-loan.html/embed#?secret=itcj033GS3" width="600" height="338" title="&#x201C;Judge Rules Wells Fargo Engages in &#x201C;Reprehensible,&#x201D; Systemic Accounting Abuses on Mortgages, Hits with $3.1 Million Punitive Damages for One Loan&#x201D; &#x2014; naked capitalism" data-secret="itcj033GS3" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>One of our ongoing frustrations about media coverage of the mortgage mess is its failure to pay much attention to ample evidence of substantial servicer overcharges to borrowers. It's bad enough that that happens, but far worse is that when servicers are told that they've been caught out, they refuse to make corrections and stonewall court-ordered remedies.  The facts that have surfaced in before one bankruptcy judge, Elizabeth Magner of the Eastern District of Louisiana, and one servicer, Wells Fargo, should give industry defenders pause.</description></oembed>

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