{"id":5905,"date":"2015-12-29T00:00:00","date_gmt":"2015-12-29T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/12\/wells_fargo_sued_by_commerz_ba"},"modified":"2022-05-17T13:58:07","modified_gmt":"2022-05-17T18:58:07","slug":"wells-fargo-sued-by-commerz-ba","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/","title":{"rendered":"Wells Fargo Sued by Commerz Bank in Mortgage-Backed Securities Case"},"content":{"rendered":"\n<p>Commerzbank is suing Wells Fargo (WFC) for losses sustained on failed <a href=\"https:\/\/www.investorlawyers.com\/derivative-securities-derivatives-mortgage-backed-securities-mbs.html\">mortgage-backed securities (MBS)<\/a>. The German finance firm claims the California lending giant did not properly supervise MBS during the housing bubble, which Commerzbank argues, led to hundreds of millions of dollars in losses. <\/p>\n<p>Commerzbank alleges that Wells Fargo caused it over $100 million in losses because of Wells Fargo\u2019s purported lack of action. The German firm invested over $290 million in MBSs and Wells Fargo was the trustee of 19 of the MBSs. A lot of the securities were backed by mortgages from subprime lender Option One. <\/p>\n<p> The German bank believes that Wells Fargo and other trustees should have ensured that the loans backing the securities satisfied certain standards, notified investors when loans defaulted, and forced mortgage lenders to compensate investors for the poor quality loans. Instead, Wells Fargo did not do any of these actions.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/\"  title=\"Continue Reading Wells Fargo Sued by Commerz Bank in Mortgage-Backed Securities Case\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Commerzbank is suing Wells Fargo (WFC) for losses sustained on failed mortgage-backed securities (MBS). The German finance firm claims the California lending giant did not properly supervise MBS during the housing bubble, which Commerzbank argues, led to hundreds of millions of dollars in losses. Commerzbank alleges that Wells Fargo caused it over $100 million in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4020,3818,3757,3836],"tags":[3582],"class_list":["post-5905","post","type-post","status-publish","format-standard","hentry","category-bank-of-new-york-mellon-corp","category-deutsche-bank","category-mortgagebacked-securities","category-wells-fargo","tag-commerz-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wells Fargo Sued by Commerz Bank in Mortgage-Backed Securities Case &#8212; Investor Lawyers Blog &#8212; December 29, 2015<\/title>\n<meta name=\"description\" content=\"Commerzbank is suing Wells Fargo (WFC) for losses sustained on failed mortgage-backed securities (MBS). The German finance firm claims the California &#8212; December 29, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Wells Fargo Sued by Commerz Bank in Mortgage-Backed Securities Case &#8212; Investor Lawyers Blog &#8212; December 29, 2015\" \/>\n<meta name=\"twitter:description\" content=\"Commerzbank is suing Wells Fargo (WFC) for losses sustained on failed mortgage-backed securities (MBS). The German finance firm claims the California &#8212; December 29, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wells Fargo Sued by Commerz Bank in Mortgage-Backed Securities Case &#8212; Investor Lawyers Blog &#8212; December 29, 2015","description":"Commerzbank is suing Wells Fargo (WFC) for losses sustained on failed mortgage-backed securities (MBS). The German finance firm claims the California &#8212; December 29, 2015","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/","twitter_card":"summary_large_image","twitter_title":"Wells Fargo Sued by Commerz Bank in Mortgage-Backed Securities Case &#8212; Investor Lawyers Blog &#8212; December 29, 2015","twitter_description":"Commerzbank is suing Wells Fargo (WFC) for losses sustained on failed mortgage-backed securities (MBS). The German finance firm claims the California &#8212; December 29, 2015","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Wells Fargo Sued by Commerz Bank in Mortgage-Backed Securities Case","datePublished":"2015-12-29T06:00:00+00:00","dateModified":"2022-05-17T18:58:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/"},"wordCount":430,"keywords":["Commerz Bank"],"articleSection":["Bank of New York Mellon Corp.","Deutsche Bank","Mortgage-Backed Securities","Wells Fargo"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/","url":"https:\/\/www.investorlawyers.com\/blog\/wells-fargo-sued-by-commerz-ba\/","name":"Wells Fargo Sued by Commerz Bank in Mortgage-Backed Securities Case &#8212; Investor Lawyers Blog &#8212; December 29, 2015","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2015-12-29T06:00:00+00:00","dateModified":"2022-05-17T18:58:07+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Commerzbank is suing Wells Fargo (WFC) for losses sustained on failed mortgage-backed securities (MBS). 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