Consumer complaint received 2016-12-11
Company: WELLS FARGO & COMPANY
State: MA
Product: Mortgage
Sub-product: Reverse mortgage
Issue: Application, originator, mortgage broker

Complaint:
On page 3 of 7 ( XXXX ) Fraudulent application Were you required to bring money to the closing? If yes, did you borrow the money? 
Both boxes clearly indicate that the lender has checked off the NO box. The entire application is fraudulent. 

Reverse Mortgages must be applied to homes with significant equity. So, as XXXX statement that the loan was used to pay off existing mortgages is questionable. The home was appraised for {$300000.00}. Plaese refer to the Wells Fargo financial statements found in the attachment provided to the CFPB in response to my prior accusations. 

Page 4 VII. Acknowledgment and Agreement- Each of the undersigned specifically represents to Lender and Lender 's actual or potential agents, brokers, processors, attorneys, INSURANCE, servicers, successors, and assigns and agrees and acknowledge that ( 1 ) The information provided in this application is TRUE and CORRECT as of the date set forth opposite my signature and that any INTENTIONAL OR NEGLIGENT misrepresentation of this informationcontained in thai application may result in civil liability, including monetary damages to any person, who may suffer any loss fue to misrepresentation that I have made on this application and/or CRIMINAL penalties including but not limited to, fine or IMPRISONMENT or both under the provisions of of title 18, United States Code, sec, 1001, at seq. ; ( 2 ) the loan requested pursuant to this application ( the " Loan '' ) will be secured by a mortgage or deed ot trust on the property described in this application ; ( 3 ) the property will not ne used for any ILLEGAL or PROHIBITED purpose or use ; ( 4 ) all statemments made in this application are made for the purpose of obtaining a residential mortgage loan ; ( 5 ) The property will be occupied as indicated in this application ; ( 6 ) The Lender, its servicers, successors, or assigns may retain the original and/or electronic record of this application, whether or not the loan is APPROVED ; ( 7 ) The Lender and its agents, brokers, insurers, servicers, successors, and assigns may continuously rely on the information contained in this application, and I am obliged to amend and/or supplement the information provided in this application, if any of the MATERIAL FACTS that I have represented in this application should change prior to the closing of the loan account may be transferred with such notice as may be required by LAW ; ( 8 ) ownership of the loan and/or administration of the loan of the Loan account may be transferred with such notice as may be required by law ; and ( 9 ) neither lender nor its agents, brokers, INSURERS, services, successors, or assigns has made any representation or warrantee, express or implied, TO ME regarding the property or the condition or value of the property. 
Acknowledgement ; Each of the undersigned hereby acknowkledges that any Owner of the loan, its servicers, successors, and assigns may verify or reverify any information contained in thsi application or obtain any information or data relating to the loan, for any legitimate business purpose through any source, including a source named in this application or A CONSUMER REPORTING AGENCY. 
Page 4 VII Information for Government monitoring Purposes- The following information is requested by the federal government for certain types of loans related to a dwelling in order to monitor the lender 's compliance with equal opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender may not discriminate either on the basis of this information, or on whether you choose to furnish it. The fair housing Act, Title 42, United States Code section 3601-3619, et seq.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation