Wells Fargo Prepares For Tsunami Of Loan Repurchase Demands | zero hedge: "ero Hedge has obtained Wells Fargo's brand new confidential protocol guidelines on loan repurchase demands by investors and mortgage insurers, sent out on October 15, and which becomes effective tomorrow. We have reproduced these below to see just how much more 'streamlined' the process is, now that the bank is fully aware of the massive liability it faces as a 'loan puttable' entity in a world that is suddenly replete with pervasive and rampant title fraud. Amusingly, in the CIM, Wells states: 'Wells Fargo is committed – just like you are - to honoring contractual obligations with investors and mortgage insurance (MI) companies*. We want to ensure that the resolution process for Repurchase and Rescissions is as smooth and swift as possible.' And even so, Wells continues to refuse to halt foreclosures knowing full well it would face billions in impairments should it do so voluntarily, even though as we confirmed Warren Buffett's pet bank was recently caught with its robosigning pants down as well (an event which was"
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