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Run for Office and get a Mortgage Release from Wells Fargo

This is just more proof that most if not all politicians are corrupt. Frankly I am surprised that this is the first time this issue has been written about as I am sure that this is not the first time for a big bank to forgive a mortgage for a politician.

Livinglies's Weblog

miss

by William Hudson

While reading the Housing Wire today, something caught my eye.  Black Knight Financial Services reported that in Mississippi 11% of all homeowners are behind on their mortgages.  And then I remembered reading about a newly elected mayor in Jacksonville, Mississippi who claimed that Wells Fargo zeroed out his mortgage on the day he was elected.  I’m not sure if there is any connection- but could it be that our elected officials are receiving financial “incentives” (like principal forgiveness) from the banks?

Wells Fargo allegedly paid off new Jackson, Mississippi mayor Tony Yarber’s outstanding mortgage balance that was in default.  In fact, Yarber states he had not made a payment since November.  On the same day he was elected to office he received a letter from Wells Fargo stating that Wells Fargo had authorized the release of the remaining lien on his home in the amount of $91,621.94…

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