Why only 2009? My 2/28 adjustable mortgage went from $2621.50 to $4119.50. This was 2008 and there were no government programs to help, no lenders under the microscope. They did what the wanted. My home was foreclosed on by a lender who was not even licensed in the state at the time they did my mortgage. They sold my home in a little over 10 days at a price I could have afforded to make the payments on, but refused to help me. I had no one to turn to who was interested in helping stop this, and had to turn the keys of my home over to the Realtor in front of my then 6 yr old son. He watched his world disappear and there was no help. The stress from this killed our marriage and he lost his home, his family, his friends, his school, and his neighborhod. That is his childhood memory. We were the first wave and had no help as we were losing our homes. What about us?

It’s about time that someone is sticking up for the homeowners, because I was denied a loan modification because I didn’t have enough income. That wasn’t the deal. I lost my income because I had deaths in my family, that’s why I thought that I qualified for a loan modification, instead , I was facing foreclosure.

Why isn’t Fannie Mae and Freddie Mac partaking in the foreclosure review?
We bailed them out, yet they have the audacity to take 12 million in bonuse’s.  Do you have any idea how many foreclosures Fannie Mae and Freddie Mac Robo-signed.  Why don’t you take a poll , you will find out they have outsourced their loans to mortgage servicers.  These mortgage servicer’s lose your paperwork, outsource their customer service to India- taking jobs away from american’s .  Any way you look at it Fannie Mae & Freddie Mac along with all the banks that took TARP monies think they’re god.  They’re not accountable because the government is too soft on them.  The Government should seize Fannie & Freddie Mac’s bonuse’s- And they can collect their bonuse’s when every loan modifcation has been reviewed, renewed, or rejected. The government needs to be assertive, and do something for the middle class which has been hit the hardest throughout this entire mortgage failure, bank failure living abortion.

Thank you for the article -  My comment however, is that it most certainly represents what the homeowners who have been so victimized will get and how this permeates into a pass pass situation for the banks.

I will, somehow, find the time, to print what I believe are clear abuses and wrong doing on the servicing level to the best of my knowledge because I have worked with these cases and what they intend to do now for the homeowenr is a clear indication that “they are not working in the best interest of the homeowner” but are only buying additional time for the banksters to try to figure out how they are going to avoid the real issues -  the fraud (not procedural errors on the part of servicers who allowed robo signing), but the financial restitution that is paid to homeowners who have truly lost that which is not just considered to be a monetary price.  You cannot put a price on what has happened to the homeowenrs, but I can assure you, the homeowners had best do just that.  To accept something less is a terrible injustice to the American people and shows clearly to me that the feds are taking their lead from those who have appear to have the most power at this time - the banks.

If I just had a few more hours in the day, I would like to make a contribution of possible abuses, all of which collectively the homeowners could put together themselves - as they have walked down that path millions of times and for that, they get nothing but another ploy.

I am sick over this latest maneuver -  it simply cannot hold and most surely, it cannot be limited to 2009 -2010 - who in the hell made that a provision of the ploy now on the table.  I have been workign since 2005 helping to defend homeowners - what gives the feds the right to do this.  I guess it became necessary when they got caught looking at the movies while they were supposed to be on the job of oversight protecting the people from unscrupulous bankers and wall street.

Yes, I am mad.  Been up since 4:00 this morning trying to help someone else save their home and they needed the info to get to court this morning.  And you say there is no price on the stress that these homeowenrs are facing and have been facing.  If Ron Paul wants to do away with some of the federal agencies, he needs to start with the OCC, OTS and the rest of that bunch.

Hold the banks accountable for their fraudulent actions?  Madness, I tell you!

If this is kept up, banks will be forced to abide by the law, and then it’s just a small jump from there to complete economic collapse.  That’s what the TV news seems to imply, at any rate…

I lost my home to Chase after my brother died from cancer in 2006. I was present for the phone call my brother had with his lender as he wanted his mortgage insured so that should anything happen to him the house came to me. My brother got his mortgage from Banc1 which Chase bought.
After my brothers death Chase claimed there was no such ins on my brothers mortgage and they told me point blank. We know you’re broke after dealing with your brothers cancer and we (Chase) will fight you for years in the courts over the house if we have too.
All this took place after the house had been toteled in a lightning storm in 2005. The home ins com used lawyers to skate paying he claim until cancer took my brother. They knew if they could just stall long enough Chase would foreclose and the ins com was off the hook for paying the claim.
There was no help anywhere for what I went through. Our elected officials wrote the laws that allow ins companies to use underhanded tactics to avoid paying claims. This was even in the USA Today after the gulf storms saying the ins companies have an insider term for this “Turf and Surf”. They wrestle you to the turf with BS cliams for things you must do to run you broke or just bleed you of money needed to fight them. Then the ins companies surf you off the field of paying anything.
What has our country come to when big comapnies can just run rough shod over every working guy because they have the money to do it? The sadest fact is the home ins company spent MORE for lawyers than what they could have settled the claim for, and made my brother die without getting the money that could have been used to proling his life.
Case also spent 3 times what the mortgage was to get the totaled house, and knew that poking their nose in would tell the ins company stall long enough and Chase will solve our problem for us.

Anyone who has reading these comments also needs to go to http://www.change.org and type in PHH Mortgage.  Even if your mortgage was with someone else if we swell in numbers, we can attract a law firm and have a class action suit against every rotten mortgage company that rob-signed, and did illegal ways of taking your home, down payment, and retirement away from you.  We are sick and tired of this under-handed, no accountabilitly , no regulation,  The American people have had it.  We need to band together get out of their stinking banks and let them choke.  They’ve ruined our credit, no one has money to buy as money homes as they have sitting empty.  We need to pull out of the banks and let them go out of business with NO BAIL_OUT THIS time.  And that will send loud message to the insurance and pharmacutical industries as weill.  These 3 industries have the deepest pockets to pay lobbyists.  Well they’re all showing loss’s because consumerism Is so slow, and unemployment is so high. We can’t afford health insurance anymore, and we can’t afford drugs.  So to hell with them all they wouldn’t have gotten to where they were without us.  They need to work for us and work with us. We need adaptable regulation to work with consumers and the government needs to do the same exact thing.

People—-HAMP is a lie—-please wake up—-the “debt collectors” have taken over—-they are taking your money and foreclosing illegally because—-in subprime especially—-they were never real “loans”—-only receivables were securitized—-there was no “funding”—-all smoke and mirrors—-a “line of credit”—-like a credit card—-sold over and over—-Wall Street bet on this crap—-then came insurance fraud and bail outs—-read this: (Also Google TILA Amendment with regards to REAL CREDITOR MUST BE DISCLOSED—-no more hiding behind so-called “Privacy Laws”—-lets get these bastards!!!)

“…People on here must understand what a “Qualified Financial Contract vs a Non Qualified Financial Contract” is. If and when you understand this you will see that (in most cases), trusts only had Non QFC’s in the trust.
Google it…
Non QFC’s are (just not as QFC’s vs Non QFC’s) are ONLY receivables of collection rights…start attacking the meaning of QFC’s vs NON QFC’s. …check out DBNTC vs FDIC …judge talks about the QFC matter. Case number is #09-3852 in the California
Federal District Court Central District Western Division.
People you need to read this case, and if you have a so called an Indymac Loan you really need to read this case. DBNTC admitts that all 246 trust under the Indymac was striped of all assets. They even went to probate so the judge would not make DBNTC liable for anymore claims. If anyone knows trust law you know that you can only go to probate when a trust is dead. DBNTC even put in a claim with the FDIC and was DENIED and was stated they are NOT a SECURED CREDITOR just a GENERAL CREDITOR (unsecured) and there will be no money for general creditors.
Onewest is not servicing the former Indymac papers for DBNTC, but instead for Indymac Ventures LLC. If you google and pull this name, its on the FDIC’s own website it says THEY WILL NEVER BE GIVEN THE ORIGINAL NOTE, AND IF THEY TRY TO JOIN AND FORMER PARTIES IT WILL BE VOID.
So when banks lawyers (debt collectors), say: ‘Here is the original note!’—they are committing open fraud and there is proof. They was only given a collateral file with the debtors information as any debt collector receives, when they buy debt.
FDIC gave Onewest the collection rights without taking on any liabilities. As many has seen in there court cases Onewest says we brought the assets of Indymac without any liabilities. Then how could they try to use the PSA’s in court cases? They cant—they are not a party to the document.
Indymac was 2 people in the trust transaction:
1. Sellers (QFC)
2. Servicer (Non QFC)
Indymac sold their collection rights aka Non QFC’s to the Trust Series. (You must understand a series has one main name and feeds the rest—that’s why it called series.) Then Indymac promised that at of the time of selling that everything was in good order, and if it wasn’t they would buy it back. (QFC) Once the trust took it, Indymac’s job as seller was done.
Indymac then took on its other job: 2. Servicer of the trust. (Non QFC)
When Indymac went under, the FDIC took Indymac into receivership. FDIC then made Indymac Federal FSB. This is a big part, because when Onewest Bank says they bought the assets of Indymac Bank, Onewest did not buy the assets of the Failed thrift, but of Indymac Federal FSB the FDIC version of Indymac—which is a BIG difference. Onewest just tries to muddy the waters by not saying which one they really bought!
FDIC as in conservator split the QFC from the Non QFC and gave IMB Hold Co the deposits and the Collection rights of all 246 Indymac trust series without any liabilities. IMB Hold Co then made Indymac Ventures LLC (the only sole member of the LLC is Onewest Bank), who Onewest is servicing for.
FDIC did this without repudiate contracts under 12 U.S.C. 1821(e), r. Even if they did, it would have made the trust series whole, and still DBNTC would not have any claim even in Non QFC form. As FAS 140 explains in detail.
In short, if your loan was securitized its not about your (fake), Mortgage or Note it is about is it a ‘Qualified Financial Contract’ or NOT. Use this and you will not have to worry about ‘where’s the assignment?’ or anything else.
Its now about accounting and security laws. Then you can show why there was not any assignments, because they only had Non QFC rights. Judges won’t like this matter, but there is nothing they can do about it—now you are connecting the dots. All these securitizations are UNSECURED period—and banks know this. The Trust never had any QFC’s only Non QFC’s.”

This whole review just smells like another attempt at making the American public think something is being done for their benefit. The fact that the bank provides the consultants is the first clue. Ya, right they will answer to the regulators after they first consult with the banks, come on, we are not that stupid. And, the looseness of the process should also screem out, beware, they will make up the rules as they go. I am not about to sign up to something that is so vague and put myself in a position of then having no recourse as I am sure there will be fine print or a condition after the fact that says so.
This in no way is holding the banks responsible, they need to go to jail, period!

This review is nothing but a scam to have people sign something so they have no recourse after the fact.  If anyone is planning on signing up for the review, PLEASE GO TO COURTHOUSE AND RECORDERS OFFICE AND MAKE COPIES OF YOUR WHOLE FILE IMMEDIATELY.  Every mortgage co in Denver hired people for a “special project” lasting 4-6 months to “REVIEW” their files, insert any missing documents, record any missing assignments, and make sure every case is complete now.  (READ:  FILE MORE FRAUDULENT DOCS, SO IT LOOKS LIKE WE DID EVERYTHING LEGAL).  EXCEPT, THIS SHOULD HAVE BEEN DONE “BEFORE” EVER STARTING A FORECLOSURE.  THE FEDS ARE GIVING THEM PLENTY OF TIME TO GET FILES UP TO PAR. Don’t let the “REVIEWERS” KNOW YOU HAVE COPIES OF FILES.  WHO WILL BE HELP RESPONSIBLE FOR THIS FRAUD????? That’s right, NO ONE.

I have taken documents of Fraudulent activitys through the Banks Lend America-Wells Fargo,Real Estate Agent and Seller and my Home Loan is a FHA/HUD loan that NEVER had a finished Appraisel or a Home Inspection and Dcuments that stated home was CONTRUCTED on site in 1988,but in Reality Home was MANUFACTURED in 1981.Was Told by Real Estate Agent that was also working for Seller we did NOT need a Home Inspection even though it was a FHA/HUD funded loan.I have contacted Pa Enforcement & Investagations and The Federal Bureau Of Investagations and was told ,” Sorry can’t Help You “. So to beleive for one minute they are gonna actually do something for Homeowners that were Fraudulently Deceived by any of these Deptments is nothing more then Blowing Smoke in your Face to blind you of their true intentions.Their Cover Ups,Corruption and Personal Gains is all they are providing against these people that they say the are Helping.

There would not be nearly the foreclosure problem as there is if more attention was paid to what is actually the pre cursor to foreclosures that being the shabby way modifications have and are being handled. Folks who did all they were required to do; made many many trial payments and then were told after months and numerous conversations with bank employees and not once being told they were being turned down for a mod that they are facing foreclosure. HAMP Guidelines are not adhered to with absolutely no penalty, complaints to the OCC take months and years to be responded to by the banks and when they do respond it is with a letter from a customer advocate stating they did everything right and the homeowner did everything wrong; thanks for being a valued customer and the OCC closes the file without any investigation whatsoever. Where is the Referee???

We were never informed that our mortgage company was our servicer. Even when another bank foreclosed as Trustee for a CDO, the servicer bank denied that they had anything to do with our mortgage and told us to ignore the notices. After we hired an attorney and asked the court to determine who owned our mortgage, the bank rep informed us that the 3 HAMP applications and two years of attempts to resolve our problems and working with the servicer"s 80 different reps should never have occurred because the CDO did not permit changes in terms. In May 2010 the servicer and the bank withdrew claims and we have not any communication from either of them. Except that we were not in the service or bankrupt, everything mentioned on the list happened to us.

If anyone is looking for help or thinks or government cares on wit for us then you are deluded! OUR government gave the banks in bail outs and secret Federal Reserve sweetheart loans enough money to have paid off all 6.5 million homes that the banks have foreclosed on. I read this on Yahoo of all places.
Still OUR government allowed these crooked bankers to foreclose on homes they were paid in full for with OUR MONEY! The problem is not just these criminal bankers but also the criminal politicians we have in DC. 
It’s far past time to realize that we have arsonists we hired to be our firemen in DC. They were paid to burn the house down with us inside! When we started to smell smoke the arsonists stood outside saying “We have it all under control!! Don’t worry we are taking care of you!”
The problem is not the Democrats or the Republicans. The problem is the Democrats AND the Republicans! We as Americans need to wake up! When we go to vote, and EVERYONE should vote, we should NEVER vote for ANY Democrat or Republican EVER AGAIN!
Lets face the facts THEY LIE FOR A LIVING!! EVERYONE thats votes for ANY Democrat or Republican voted to get screwed even more!
America was once 50% of the world economy and look at the sad shape America is in right now!
Who was in DC making the laws that allowed all this to happen? The Democrats and Republicans made these bastardized laws. They got paid untold amounts of lobby money to write these bastardized laws and screw us all! They knew the money was dirty, they knew it was wrong, and they did it anyway for the dirty filty money!
The politicians are Flim Flam Men! They lie, cheat, steal, backstab, corkscrew, and dirty deal! They are criminals for God’s sake and belong in those FEMA trailers out in the desert wearing ankle trackers and orange jumpsuits with the name of CONVICT!

Ok, our first clue is that “the BANKS have HIRED CONSULTANTS”. Hahahahaha.  Yeah, ok.  And WE all just fell from a turnip truck. Hire an attorney- and pray that you get a judge who is smart and fair enough to make a LAWFUL decision.  And, why these BANKSTERS have not been charged with TREASON yet, is beyond me- THEY have committed CRIMES against the American People !!!

I just received a notice from my lender that I do not qualify for HAMP or any other modification at this time.  Their BS excuse…I didn’t submit documents they requested in a timely fashion.  That’s a lie!  I always submitted everything and anything they asked for if not within in hours but first thing in the AM the following day.  I have been going through this battle since 2008 even though my own lender lost my payment in 2007.  They said they could help me lower my rate and add principal t it.  I have a 7.35% interest only loan $400K!  Insane, right!  since they took their time in working my file my home fell into foreclosure in August of 2007 just a few months after my baby was born.  And now I’m stuck with nowhere to turn.  Nothing saved anymore, ruined credit and I have NEVER been offered trial payments.  This is absurd, scary, I’m livid!  And unfortunately at the banks mercy… My home is almost $200K upside down.  And they will not lower the principal so that I can keep my townhome with my child!

What about all of us that didn’t go to forclosure but were none the less brutalized by the loan servicers when we applied for a loan modification, short sale, deed-in-lieu, etc.? These organizations have been getting away with murder. They have blatently ignored the spirit and the letter of the plans established by the government to help those of us devistated by these incredibly difficult economic times with impunity. What happened to the concept of justice. I have lost everything including my 401k retirement funds and still Wells Fargo won’t do the right thing. I have a buyer for a short sale (not even that short) and before it is all over WF will cause them to withdraw their offer. These programs were supposedly developed to help people, not banks. But how many have actually recieved help? Please! The writing has been on the wall in big bold letters for years now. I have always played by the rules. I guess no good deed goes unpunished and no evil doings go unrewarded.

I “truly” do not understand how EVERYONE knows the banks
are “raping” the homeowners and yet they are continuing to get away
with blatently destroying lives.  It is unbelievable and criminal.
I have been trying to save my home for 2.5 yrs - and now I realize the
only option is to hire a lawyer - which I should have done 2 yrs ago.
I, of course, don’t trust them either but what choice do I have - hope that the lawyer is not a crook. If I give up - the bank wins - so I am going to the bitter end.

ON GEITHNER’S ORDERS—-AND OBAMA’S COMPLICITY—-THE RAPE AND PILLAGE CONTINUES—-

HUMAN BEINGS MADE HOMELESS BY FRAUDULENT UNSECURED DEBT COLLECTORS—-MASQUERADING AS A BANK WITH STANDING…

You can blame the bankers all you like. The fact remains that if “OUR” elected officials both Democrat and Republican had not bastardized the laws allowing the robber baron bankers to do this, none of this would have ever happened. Our elected officials knew the lobby money they took to bastardize the laws was dirty, they knew what they were doing was wrong, and they rewrote all the laws for the dirty filthy money.
So every vote for ANY Democrat or Republican is a vote to get screwed even more! America was once 50% of the world economy and look at America now! Broke, the national debt run past the moon, and these criminal politicians can’t even reach an agreement to cut the spending anywhere!! Their “Super Committee” failed, they failed before that with the debt crisis, and said their “Super Committee” would fix it. What did they fix?? Not one damn thing!!!
WE NEED TO WAKE UP AND VOTE THEM ALL OUT OF OFFICE!!