Wells Fargo Stands Pat On Mass-Produced Foreclosure Document Scandal; Insist Robosigned Affidavits Are Accurate

Bloomberg News reports:

• Wells Fargo & Co. is standing by the accuracy of foreclosure filings and won’t follow competitors in delaying seizures, after an employee testified he signed documents for proceedings without personally reviewing records. The bank said yesterday it doesn’t plan to halt repossessions because its “procedures and daily auditing demonstrate that our foreclosure affidavits are accurate.”

For more, see Wells Fargo Foreclosures Proceed After Data Queried.

See also the San Francisco Chronicle's The Bottom Line blog: Wells Fargo on foreclosure checks: "We don't need no stinkin' audits."