Fannie Mae: Mortgage lenders unnecessarily restrict credit

Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common

Homeownership rate drops to 48-year low

Despite record sales, fewer Americans own homes

Case-Shiller: Home prices continue rising in May but stall on monthly basis

First-time buyers still weak; Growth to slow over next 2 years
W S
Servicing / The Ticker

Foreclosure protesters confront Wells Fargo CEO

/ Print / Reprints /
| Share More
/ Text Size+

A woman losing her home to foreclosure interrupted a speech by Wells Fargo CEO John Stumpf during a California bankers convention on Friday.

The incident, which occurred on stage, quickly circulated throughout the nation as more than a dozen other protesters with the Alliance of Californians for Community Empowerment joined her in protesting the conference, which was sponsored by American Banker.

The Huffington Post described the altercation between homeowner Betty Badro and Stumpf below:

 "I said ‘my name is Betty Badro, I’ve lived in my home for 19 years and you’re going to sell it tomorrow," Badro told The Huffington Post. "He quickly withdrew his hand and walked away."

The same article cites a spokesperson for Wells Fargo as saying the bank is disappointed by the actions of the protesters since the interruption makes it impossible to have meaningful dialogue between the parties.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus