Acmodspecialist ,  Haven’t   “We”  “Joe Working, Taxing Paying” Americans With our Heads in the Sand Been The Buttt of Jokes From The Top Tier for A Long Time ?  Then these are Merely new Twists To an Old Game !!!  Pin The Tail on The Donkey !!! Sorry Folks, Referring to an old Game “Not A Political Party “
Sincerely Shawn !!! Remember our Fore Fathers and Look Up The History of       ” The Bonus Army ” WW1
  Now,  How Long Have We Been Fooled ??????????????????????
  Welcome to Someones America !  Not Mine if This is the Way it’s Going to Continue !!!  Break some Eggs lets Eat Omelettes Before We Go To Our Representatives , Senators, Mayors and Judges Front Porch !!!  Lets Try To have some Fun With This !!!
  Right Until The Gov;t.  Starts Throwing Lead !!!!  Hmmmmmm…

To make the issue a little more apparent, humans and computers are both susceptible to GIGO…or “garbage in, garbage out”. 

You gain control of the information - the “You should do..”, the “They did…”, the “They will probably do…”, the “You shouldn’t do…”,  and especially the “You can’t do…” being input into the President, and you no longer have a President…you have a puppet.  And the same thing applies to Senators, to Representatives…there is a regular industry the revolves around insinuating the “right” people as “advisors” and “staff”.

Then you throw in the influence of payoffs…well, delayed payoffs; they’re called “speaking fees” these days.

All of Washington is corrupt…which is why I’ve advocated busting Washington up and sending Congress home to their constituents since it became technologically feasible decades ago.

There is absolutely no reason why Senators and Representatives cannot do the same job from home where their constituents can maintain their influence and control over their presumed advocate in government as well as beat the crap out of - or hang - any of the wealthy’s/corporations’/banks’/Wall Street’s bagmen that show up.

Of course, I’ve been laughed at for decades…useful, in its own way…the more enthusiastic someone is about deriding the idea, the more I learn about their degree of ownership.

O.k.  The Chess Game Has Been On in America By The Upper Eschelon   and we are Just Now Realizing The Middle Class Never DiD Have A Good Rep. For the Game   and we Weren’t even Invited ! Ouch
  I Love Chess !!!  Why Weren’t We Invited to The Chess Match ???
  Sincerely Shawn !  I Will Ponder Some Harmless, Attention Getting
  Antics for Our People !!!!  Give Me A Minute and Ponder For Yourselves Neighbors !!!  We   ” 10 ”  Stick together Against the Playground Bullies !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I’m not so sure of that Obama choses his cabinet doesn’t he?

By the way here more on this incredible Inside Job movie on Dylan Ratigan

msnbc.msn.com/id/31510813/#41651337

I’m not so sure of that doesn’t Obama choses his cabinet? Eric Holder, also in his cabinet he has not prosecute any one in the biggest ponzy scheme ever perpetrated to the American People, In comparison when the Saving and Loan scandal happened more than a 1000 people were put in Jail This crisis is the worse fraud ever ! not a single person has been prosecuted? and the Obama administrations refuses to do something about it? I voted for Obama but his lost me on the way

By the way here is more on this Incredible movie call Inside Job and no prosecutions on Dylan Ratigan

msnbc.msn.com/id/31510813/#41651337

Did Obama chose his own people?  lollll…wouldn’t that be an interesting puzzle…

A nice, big billboard next to all of America’s highways showing the threads of all those “suggestions” and “recommendations”.  A pictorial description of who suggested to Obama that he employ this guy or that gal…and then, in turn, who that guy or that gal hired/appointed and at whose advice…

It might end up looking like the work of one of the members of the family Araneidae.

ibsteve2u,  do you have   Access to Billboards ???????  Sweet !!!
  Might Keep Me from Piling and Throwing Rocks Soon !!!!
  We Have Been   Fooled   Americans   !!! At Least the Tax Paying Dogs have !!! For Many Decades !!!!! Sincerely Shawn !!!

Parallel foreclosure - I could be wrong but I am not sure where parallel Foreclosure is in HAMP guidelines. Can you point me to that specific guideline?

I understand the term “Parallel Foreclosure” is not used in all cases and yes, it would help aggregate victims of this action but the term of “Dual Track” is also used. I can venture to say that in almost every Congressional hearing on the foreclosure crisis the issue is brought up.

On the issue of imminent default - HAMP guidelines allow for a modification on imminent default. AAHMP created a program call “Early Intervention Project” in the early summer of 2009. It was presented to over 80 servicers that signed on to HAMP.  I spoke with very high people at the 4 majors.  Their argument to me is that they do not have the ability to deal with their 90 day+ no less imminent default. The problem with Treasury on this issue - as mentioned in the June 2010 GAO report is that no specific guidelines where given to the services. The servicers complained to GAO and COP they did not have guidance from HAMP on the issue. This is true however it does not take a rocket scientist to employ standard HAMP guidelines but just require underwriting to demonstrate the use of alternate fund being deposited into a checking account to pay the monthly mortgage payment. With proper underwriting you can see the depletion of funds from other sources and when they will run out.

Again, Parallel Foreclosure and the use of imminent default are just two more areas that the servicer is ignoring the guidelines of HAMP. This is why the current announcement of fines needs major support from us.

Now is the perfect time for This Egyptian Thing.  We need to specifically target those that will implement the fines and give the move support in Congress. OCC and OTS do have the power to give fines.

Our single message of taking the underwriting out of the hands of the servicer when possible - supported by fines from OCC and OTS can solve not all - but many of the problems.  Based on a program of this type we would know if this mess was just a conspiracy for redistribution of wealth or just plain incompetency.  I could be wrong but I think it is the latter with a splash of increased fees to the servicer.

I visited your site, I do not know how many people follow you but regardless how many we need your support in our effort. Lets change what can be changed and see how many other problems can be fixed when the servicers work product is checked. I truly feel the “Escalation” process I am proposing is a start.

We need everyone’s help.

I would like to temper my earlier post (text below) ... sort of.  This article correctly points out the huge flaws in loan servicing and servicer’s lack of incentive’s to modify mortgages, BUT I really think the problem starts with the HAMP guidelines.  Although HAMP was hyped as a program to help struggling homeowners, with legitimate hardships, it is actually a program intended to help mortgage investors.  Review of the December Congressional Oversight Panel report shows, be comparison, how the Home Owners Loan Corporation of the 1930’s helped homeowners, because it really was a program to help HOMEOWNERS.  By providing market rate, longer term mortgages to over a million homeowners the housing market was stabilized and and many, many Americans were saved from foreclosure. 

The key point of any article about HAMP is that HAMP IS A SCAM!  It is not, and never was intended to help homeowners.

Again:

HAMP IS A SCAM !!

posted yesterday, at 9:30 A.M.:

Olga and Paul,

With all due respect for your great work on this topic, I think this article completely misses the boat. It is written on the premise that HAMP was intended to help homeowners when in fact it was intended to help investors in mortgage backed securities.

You wrote :

“On paper, the government’s Home Affordable Modification Program, or HAMP, was supposed to address one of the main roadblocks to modifying loans”

I don’t think so! Consider that the seldom seen FDIC HAMP guidelines state on page 3 that the program

“MANDATE that the cost of a modification must be less than the estimated foreclosure loss.”

http://www.fdic.gov/consumers/loans/loanmod/FDICLoanMod.pdf

Unless I’m completely crazy this means that homeowners with substantial equity are categorically denied permanent modifications.

And we know that underwater homeowners are denied because the banks don’t want to take principal write-downs.

So it seems that only homeowners who are just a BIT underwater, or have just a very SMALL amount of equity actually qualify for HAMP modifications.

HAMP is a scam.  It was doomed from the start by it’s very own guidelines.  And, to add to the problem, the governments HAMP qualifications page never asks about equity, so homeowners like myself are lured into trial modifications that were doomed to fail, because the HAMP program mandates that the bank REJECT us, and tap into our equity via foreclosure instead!

Now, if I’ve got this wrong, I wish someone would explain to me how I’ve misinterpreted the facts. If not, I wish this article exposed HAMP for the SCAM that it is, rather than suggesting that it was a well-intentioned program that simply didn’t work!

Note also that AG Tom Miller, also suggests that homeowners with equity be excluded.  He testified:

“To be clear, the States do not believe that every foreclosure is a tragedy that must be avoided. To the contrary, we have consistently stated over the last three years that we are only interested in modifications where the cash flow from the modification exceeds the expected proceeds from a foreclosure sale.”
Paul. Olga.  Please respond!

Parallel Foreclosure, Steve is right, you support can help change what it can be changed and see how many other problems can be fixed when the servicers work product is checked, unity is power, we do need everyones help, Steve, how can you make the OCC do something about giving fines to Banks and Servicers when we all know than in 2 years he has done nothing? Mr. Walsh of the OCC is very well aware of what is going on here with HAMP guidelines violations, but he refuses to do absolutely anything to the banks to correct the problem. What is your plan to put real strong pressure to the OCC? I believe Mr.Walsh is 100% with the banks

the language in section 1.1 eligibility criteria states"The mortgage loan is delinquent or default is reasonably foreseeable”.Kind of vague unless you apply the totality of HAMP requirements such as hardship ,housing expense > 31% of income etc.There seems to be a bait and switch here re guidelines.

acmod - Walsh/OCC have come to the realization that something needs to be done. The hearing in both the House and Senate has made it clear this has to happen. This is evident from the reports that fines will take place.  OCC and the FDIC are the main players.  You also have to remember that even though OCC is part of Treasury they are not happy with each other. Look at the who is call in front of these hearing; Fed, Treasury, OCC, FDIC, FHFA. and HUD.  All are suppose to be involved in dealing with the foreclosure crisis, all have failed to one extent or another, prior to the crisis and after. They all want a consensus on a solution, This Egyptian Thing will give and out; if there is agreement from Congress with the neutral third party and enough support comes in from the public they all have the political cover they need to implement fines.  The question is how big or little.  For the purpose of our effort we just have to let the committees, OCC and FDIC that We Need Change Now and give our single message. Our message works even better when fines are incorporated. 

If we had the people we need now our effort could start immediately.  We could be reaching out to the targets with our message. Unfortunately we do not have the numbers therefore the effort would not work.

EVERYONE PLEASE WATCH THE YOU TUBE VIDEO:

msnbc.msn.com/id/31510813/#41651337

(Dylan Ratigan show on msnbc)

BANKS AND WALL STREET CREATED ECONOMIC AND

MORTGAGE AND FORECLOSURE CATASTROPHE…

BANKS OWN CONGRESS…

CONGRESS REFUSING TO PROSECUTE BANKS…

ATTORNEYS GENERAL ARE ACTING IMPOTENT

PRESSURE FROM PUBLIC (THAT’S US) IS THE ONLY SOLUTION

LET’S KEEP THE PRESSURE ON!!!!!!!!!!!!! 

HOWEVER WE CAN!!!!!!!!!!!!!!

The actions of the banks and loan servicing companies is downright criminal!  While they take government money, pay themselves, and downright lie to consumers they are destroying people’s finances and homes.  I had a permenant modification through Suntrust and for 6 months they never bother to “book” or finalize the new loan in their system.  Meanwhile, I had been making my new payment every month on time.  In December 2010, Nationstar took over the servicing from Suntrust. Nationstar had me in default and in collections by Dec. 15.  They flat out refuse to abide by the fully executed new loan.  They want me to start over with a new modification from Nationstar.  They have destroyed my credit, finances, and I live under the threat of imminent foreclosure since they defaulted and accelerated my loan.  I will NOT stand by and let them do this to me and my family.  I am now a few days from filing an 11 count lawsuit in Michigan. Even if they come back and agree to honor my signed contract that will not be enough for what they have put me and my family through.  I will continue to update the progress of my lawsuit.

@TMG:

GOOD FOR YOU—-AWESOME!!! 

THAT’S WHAT I’M TALKING ABOUT!

I have gone through pretty much the same thing with my

situation—-the names are different, but the story is ultimate

the same—-fraud, deception, illegal tactics, etc….

The “powers that be” have left us NO OTHER CHOICE but to arm ourselves for battle and take on the “oppressors” HOWEVER WE CAN!!!

I used to be afraid and just cried about all this—-

now I am just determined…

We ALL have to be determined and do WHATEVER IT TAKES!!!

@TMG:

If you can say—-what are the 11 counts that you will be filing?

I have come up with a few that I will be filing, but I’m just curious as to what you have been able to come up with…

I think it would help other people on this site, too!

Thanks so much—-God speed!!

Karen - Here are the counts . . .
1. Injunction & Restraining Order
2. Breach of Contract - Servicer 1
3. Breach of Contract - Servicer 2
4. Unjust Enrichment
5. Promissory Estoppel
6. Breach of Covenent of Good Faith & Fair Dealing
7. Negligence
8. Tortious Interference with Contract
9. Violation of MI Consumer Protection Act
10. Claim & Delivery
11.Fraud

Time to go on the offensive, I played by their rules and they screwed me so now I am going to change the rules.

Thanks again Propublica for your great work.
Read the Treasury Directives and Fannie Mae guidelines.
When you see the words, “MAY” referring to what the servicer may do, you will notice that word and many similar words, leaving the MHA program/HAMP one scary route to take.  The secret NPV tests are also a gamble.  The banks are suppose to give you the input values used in the test, but they don’t.  And why should they?  There are no penalties imposed against the banksters for non-compliance with HAMP. 

You do not need an attorney to negotiate a loan mod.  If you are considering hiring an attorney, check with your State Bar Association to find any ethics or grievance complaints, check with your local BBB, google the attorney or law firm in “quotes” and then type the word complaint, i.e. “Smith & Anderson” complaints.

The Egyptian Movement is a great idea.  The banksters have been in charge of this country for too long.  It’s time to clean house.

At Fransen and Molinaro, are you aware the LA Better Business Bureau has given you an “F” rating?

http://los-angeles.bbb.org/Business-Report/Fransen-and-Molinaro-LLP-100073384

Right on, TMG—-

They have left us out in the cold,

and we have no other choice—-GOOD LUCK!

Thinkin’ Dylan Ratigan and anybody else who thinks they know the underbelly of the mortgage-backed securities pyramid scheme needs to read archives.hud.gov/remarks/martinez/speeches/presremarks.cfm and recall both how heavily the White House was and had been saturated with GS personnel and how well GS came out of - how well they predicted - the “unpredictable financial consequences arising from the negligence of American finance and Wall Street”.

Me, I’m of the opinion that when Bush began acting (acting, in the Hollywood sense) all “responsible” and demanding that something be done about Fannie/Freddie in 2006 and later, it was because his string pullers inside the White House née Goldman Sachs Alumni Association were forced to recognize that the cat had gotten out of the bag and too many people had jumped into the financial instruments scam.

Not saying that banking and Wall Street are not totally and irredeemably corrupt…saying that they - taken as a whole - ain’t even close to being peers…equals…in slickness.

lolll…of course, I also think that the right recognized that they would not retain the White House and were more than a little disappointed to find that Wall Street and banking also were/are so very corrupt that far more of those worthies than they anticipated jumped into the pyramid, causing it to collapse…

Prematurely.

There is plenty of blame to go around, and Hillary could not have fared any better I will tell you why, though not in my own word s.  But first, deregulation started with everybody’s darling, with everyone’s support including those democrats who voted for him, the Reagan Democrats.  Why?  Because they, as many of you, believed and would have cut an an arm or leg if his slogan did not mean salvation:  “The problem is not with the government, the problem IS THE government” 

Now I will be quoting Matt Taibbi from the book so many of you have recommended: Griftopia.  Earlier in the chapter and the ones before, with plenty of historical facts, he writes about:

“Goldman is not a company of geniuses, it’s a company of criminals.  And far from being the best fruit of a democratic, capitalist society, it’s the apotheosis of the Grifter Era, a parasitic enterprise that has attached itself to the American government and taxpayer and shamelessly engorged itself on us all.”

-Fast forward-  (page 213) ... “But then some happened”.  Jumping lines on and off:  ” Robert Rubin followed Bill Clinton to the White House.  While American media fell in love with the storyline of a pair baby-boomer, sixties’ child, Fleetwood Mac-fan yuppies nesting in the White House, it also nursed an undisguised crush on the obnoxious Robin, who was hyped as the smartest person ever to walk the face of the earth.  The press went bat…it over him and became almost a national cliché that Whatever Rubin thought was probably the correct economic policy.  And “what Rubin thought” mostly, was that the American economy, and in particular the financial markets, were overregulated and needed to be set free.  During his tenure the Clinton White House made a series of moves that would have drastic consequences.  The changes Rubin made to the regulatory environment would have their most profound impact in particular during the h housing, credit and commodities bubbles.  But another part of his legacy was his complete and total inattention to and failure to regulate Wall Street during Goldman’s first mad dash for obscene short-term profits in the Internet years”

So the actor sold all of you (not me, I lived in Cal. during his governorship) a bill of goods.  Clinton/Rubin perfected it and the power behind Bush (poor guy, he did not know what he was doing) finished it for us all.

Goldman knows who and how to buy.  They can.  Rubin came from them, he was not bought, he bought on their behalf.  Paulson too, but what is Rubin/Clinton excuse?  G.S. controls Obama’s financial side of his well intended but broken promises, much as they would have controlled Hilary too.  We cannot continue to create Camelots where there are none, parallelforeclosure.com.  There is no princess, frog, kiss.  Sorry.

TMG, you missed 2 more misleading and extortion   : )

one more thing I forgot, parallelforeclosure.com,  Steve, Acmod, Hawaii Roy, Shawn, (hopefully Karen and everyone else who post here,) they are all correct.  Indeed your blog could reach all of your readers to help not with a solution to all HAMP problems and the torture many have suffered, but to remove from the servicer’s industry one very important and key instrument that leads to THE atrocious END after the torturers are finished with each of the applicants: the underwriters.  The petition hopefully will also emphasize the fines and penalties that the law allows.  Please visit his This Egyptian Thing effort.

Is there anyone out there who had dealings with a Luke Mai (loan mod negotiator) with BoA??? I would appreciate sharing and comparing notes!!!!!!

Good Idea, Roy!!!! 
How about underwriter HEIDI JENKINS from Wells Fraudgo?  Anyone had any dealings with her?

Is there anyone out there who had dealings with Luke Mai (loan mod negotiator) from BoA??? I would appreciate sharing and comparing notes!!!!!

Jodi Sission: You mention “another player”; who is that player?  I had a situation what the bankruptcy suggest that I get a traditional appraisal on my home rather than using the popular cyber appraisal or county tax records.  I engaged an appraisal and to my shock the appraisal back more $50,000 than my area’s value.  I wrote to the appraiser, filed Better Bureau complaint and state regulatory agency complaint that issued his license.  The process started in September 2010 and I have not gotten any results.  This is the way is suppose to work.  The public has little or no input how things are designed and how the function.  You have to resolve to fight.  The final results might not be fair (most of the time it won’t) but without any fight or resistence we will handle worst.  There is never a consideration that this is just “not fair or it’s wrong”; but where is the profit and how much is it!?

Sorry for the repeat post. Unhappy Texan-You wrote an excellent post…with some key quotes. If everyone does not realize it is up to us now, as our government is slowly owning up to what we’ve sadly come to experience…then you are on another planet. Now more than ever and at this time we need to band together. Regardless of whatever we might feel as individuals concerning the responsibilities and people involved in the worst economic mess since the Great Depression. We should have had our fill of being portrayed as the one’s who caused this mess. I feel all of you here are like myself…there is NOT a deadbeat bone in our bodies. Now is the time to roll up the sleeves and strap up the boots. Everyone needs to know our side of the story and the “chase the tail” bulls..t these institutions have put us through. Steve’s (aahmp.org) Egyptian thing is a great start. If anyone is close to Martin Adelman (Mandelman Matters) he and his following would be a welcome addition. He has fought this tooth and nail himself. Please remember 3 things will define our success. Unity, Preparation and Persistence. I know we can make a difference for change…if and only if we spend as much time as we’ve spent complaining and put it into a concerted effort. I know also because we have TRUTH…which I have found to be undeniable. Please dear friends join in this noble effort!

UnHappy Texan and Frank - can you please send me contact info if you have some time to give for outreach notification. .(JavaScript must be enabled to view this email address).  Anyone else that wants to help send some emails please contact me. This is not the targeted effort but to spread the word asking people to join.

Roy, I can contact Martin Adelman (Mandelman Matters) Steve, you should do too.  mandelman.ml-implode.com he can be of an incredible help has anybody being able to contact 4closurefraud.org for the egyptian thing? and how about this people do you they could help? showdowninamerica.org/thursday-you-can-rein-big-banks

Martin is up in Vegas this weekend with about 200 lawyers (my partner Nathan Fransen) being one of them (I of course, drew the short straw and had to man the fort). There is a quite a weekend of seminars and educational classes being taught on the latest legal challenges to lenders and their dirty practices. When these lawyers get back to their home states this week, they will be quite fired up to help… so, it’s a great time to call one in your state for help!
- Paul
- Paul
Fransen & Molinaro, LLP
Corona, CA
fransenenandmolinaro.com

** This post and all others I make on Internet are for informational purposes only. None of the information or materials I post are legal advice. Nothing I post as comments, answers, or other communications should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. While I try to be accurate, I do not guarantee accuracy.

Paul J Molinaro Esq, Yes i heard about this It is good news !

Paul would you be able to give me Martins email address.  I had it when he interviewed last year but I can not find it.

I gotten out 240 emails to those HUD counselors so far today - only 4 return non-deliverable. I think if we hit every state from that list we can get to a lot of people. I got NY, Conn, NJ and PA done. We have to move quickly.

By the way… for the Vegas seminars this weekend are being run by Max Gardner… (http://www.maxgardner.com) who has built quite a reputation as a consumers lawyer who uses the bankruptcy courts as a razor sharp sword against mortgage lenders among other big businesses.

- Paul

Fransen & Molinaro, LLP
Corona, CA
fransenenandmolinaro.com

** This post and all others I make on Internet are for informational purposes only. None of the information or materials I post are legal advice. Nothing I post as comments, answers, or other communications should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. While I try to be accurate, I do not guarantee accuracy.

Steve, I Want to Help with whatever is Neccessary !!!
Thanks Acmodspecialst, karen, Roy Parallel,  Nose to the Grindstones !!! For “We the People”  Not , Oh Well !!
  Yes I Will Be A Civil Gentleman Norman !!! Thanks
  Sincerely Shawn Mc. Steve, e @ .(JavaScript must be enabled to view this email address)

Acmod, Roy and Steve, the nurse who runs the blog foreclosurehamlet.org works together with Zombeck’s 4closurefraud.org in exposing a lot of the corruption regarding foreclosures.  They are both very passionate about the subject, but I am not a member.  However, many of propublica’s regulars are.  Paul/Olga of propublica more than likely know them at least Zombeck since he is a Huff reporter.  Just a thought.

Great info Paul, Acmod, Tex, Shawn and Steve. I am trying to get in contact with group over on Oahu that made an unscheduled visit to a BoA branch last week and made the newspapers. If I remember the article there was a clergyman involved. I’m sure they’d like to join our effort. My contact is .(JavaScript must be enabled to view this email address).

Not sure what’s going on - my posts now go to a page that says they need to be moderated - when before they appeared instantly. If this one goes through, I did respond with Martin’s email address - which is also publicly displayed on his website dub dub dub dot mandelman dot ml-implode dot com and even though it is public, he does read the emails sent there.

If this pots does not go “public” and I have been banned from posting, a reply to let me know why would be appreciated.

- Paul

Paul-Your post and info came through. Thanks for the persistance. We will try to contact Martin.

The banking industry is very profitable, not dysfunctional. They get as much cash as needed for free from the Fed. Very functional. Our government is dysfunctional. 

Speaking of government mortgage modification programs, just sent off an email to the White House and one of my Senators…Pardon my caps…

FHA SHORT REFINANCE OPTION:
I QUALIFY FOR THIS $14 BILLION HUD\FHA PROGRAM THE GOVERNMENT STARTED ON SEPTEMBER 10, 2010.
I HAVE CONTACTED MY LENDER, WELLS FARGO, TWICE IN THE PAST 2 MONTHS REQUESTING INFORMATION. WELLS FARGO SAYS THEY DO NOT SERVICE THIS PROGRAM. THEY WENT ON TO SAY THEY KNOW OF NO BANKS OFFERING THIS PROGRAM.
ALTHOUGH MY MORTGAGE IS OWNED BY FHA, NO ONE AT HUD\FHA IS RESPONDING TO MY REQUEST TO CONTACT WELLS FARGO TO INSTRUCT THE BANK TO PROVIDE THIS PROGRAM TO ME.
I NEED THIS PROGRAM TO REDUCE MY MORTGAGE PAYMENT.
WHY DOES THE GOVERNMENT (HUD\FHA) OFFER BILLIONS OF DOLLARS IN PROGRAMS FOR MORTGAGES BUT CAN’T FORCE THE BANKS USE THEM?
UNLESS YOU CAN HELP, THIS IS A WASTE OF TAXPAYER MONEY AND HOMEOWNERS TIME. IT’S RUBBING SALT IN OUR WOUNDS, IT IS A MOCKERY OF THE FINANCIAL CRISIS AMERICANS ARE DEALING WITH.

Amen! We would have been so much better out without this Obama HAMP program, as it has done nothing but give people false hope and destroyed so many lives!!! I’ve seen it all as I was a former loan modification processor over the course of the last 3 yrs. for one of those “BAD” loan modification companies you keep hearing about in the news (not to say that bad ones aren’t out there). Funny how our government will be so quick to bash those “bad” loan modification companies when all we were guilty of doing was fighting tooth & nail to help people stay in their homes (and I can only speak for myself and my fellow hard-working processors who worked tirelessly with me). Finally…2 years later…2 years way toooooooo late, our corrupted, colluded officials will finally acknowledge who the real cons are - the mortgage loan servicers!!!

Or…Is it really the servicers who are the con artists here? They are just doing what they are in the business of doing: making money & turning a profit, and at the expense of an astonishing ever-increasing number of families’ lives and their homes. Loan servicers actually make money in most cases by initiating foreclosure than by modifying-even with their laughable, mediocre “incentive” that the government promises to give them to modify a loan.  Mr. Obama, his team, and all the special interests involved (ie: the very banks that are screwing homeowners left & right) have failed us miserably and are still failing us miserably.

Of course, our elected officials have no choice but to acknowledge this enormous scandalous problem now… now that they have allowed the problem to fester & escalate to such a dire, indisputable crisis. There is no way that they can continue to turn a blind eye and expect to retain all the votes that got them in office in the first place. CORRUPTION!!! IT’S ALL CORRUPTION!!! The US government on a whole does not care about us hard-working American citizens anymore. All they care about is what their next con will be: What they are going to say and do to market themselves for the next voting season, all in an effort to uphold in their position of power. They only “care” when it is expedient to their own personal benefit; Never for the benefit of The American People, no matter how smooth they talk or how caring and concerned they want you to believe they are. So many people lost their homes that shouldn’t have, according to the Obama Administration & The US Treasury’s very own HAMP guidelines that they miserably failed to enforce, and are still failing us Americans miserably-to this very day. Their letdown of leadership on this devastation is certainly not because “they didn’t know” that the loan servicers weren’t doing their job.  It doesn’t take a rocket scientist to know that when you tell a loan servicer that a program is “voluntary”, you’ve got serious problems. And Mr. Obama had the careless audacity to face all of those extremely desperate for hope, anxious homeowners to announce his genius program, giving so many hopeless Americans a false sense of hope, but leaving most of them worse off than before. And he announced his great HAMP program with such grace and so empathic-sounding too, but knowing full and well that this is nothing short of a hoax to show you that he really cares. So, who is the real con-artists here…really?

Amen! We would have been so much better out without this Obama HAMP program, as it has done nothing but give people false hope and destroyed so many lives!!! I’ve seen it all as I was a former loan modification processor over the course of the last 3 yrs. for one of those “BAD” loan modification companies you keep hearing about in the news (not to say that bad ones aren’t out there). Funny how our government will be so quick to bash those “bad” loan modification companies when all we were guilty of doing was fighting tooth & nail to help people stay in their homes (and I can only speak for myself and my fellow hard-working processors who worked tirelessly with me). Finally…2 years later…2 years way toooooooo late, our corrupted, colluded officials will finally acknowledge who the real cons are - the mortgage loan servicers!!!

Or…Is it really the servicers who are the con artists here? They are just doing what they are in the business of doing: making money & turning a profit, and at the expense of an astonishing ever-increasing number of families’ lives and their homes. Loan servicers actually make money in most cases by initiating foreclosure than by modifying-even with their laughable, mediocre “incentive” that the government promises to give them to modify a loan.  Mr. Obama, his team, and all the special interests involved (ie: the very banks that are screwing homeowners left & right) have failed us miserably and are still failing us miserably.

Lou F - Wells Fraudgo will not help you unless they initially pretend to do, just so that they can drag your case off long enough (they will have your financial info so that they can calculate how long it will take before you default); then, they will foreclosed on you.  With that thought in mind, document carefully, and record the calls if your state permits it.  Contact FTC and get the contact info for your state’s Attorney General and ask them who and where else you need to address your complaint.  It will not help your case, but keep ALL of your records for future use.  We all have done that.  Later It will help everyone including you.  WF’s Loan Mitigation operates out of Iowa and the Attorney General there has an open case against them.  FTC will give you his contact info as well.

In the meantime, and although it is too late for many of us (we are already out of the picture either by foreclosure or some other way), a growing group under the leadership of Steve-s “This Egyptian Thing”  is trying to have a big burden removed from the process to help those like you, who are still at risk.  They need volunteers to help and you are welcome.  Please look at the info under (aahmp.org), click on the “Egyptian thing” link to inform yourself.  Then click on Steve’s e-mail so that you can let him know that you want to join in.

Venting your frustrations is therapeutic.  Doing something about it is helping the community of defrauded homeowners including yourself.

oops,sorry…double post.

Of course, our elected officials have no choice but to acknowledge this enormous scandalous problem now… now that they have allowed the problem to fester & escalate to such a dire, indisputable crisis. There is no way that they can continue to turn a blind eye and expect to retain all the votes that got them in office in the first place. CORRUPTION!!! IT’S ALL CORRUPTION!!! The US government on a whole does not care about us hard-working American citizens anymore. All they care about is what their next con will be: What they are going to say and do to market themselves for the next voting season, all in an effort to uphold in their position of power. They only “care” when it is expedient to their own personal benefit; Never for the benefit of The American People, no matter how smooth they talk or how caring and concerned they want you to believe they are. So many people lost their homes that shouldn’t have, according to the Obama Administration & The US Treasury’s very own HAMP guidelines that they miserably failed to enforce, and are still failing us Americans miserably-to this very day. Their letdown of leadership on this devastation is certainly not because “they didn’t know” that the loan servicers weren’t doing their job.  It doesn’t take a rocket scientist to know that when you tell a loan servicer that a program is “voluntary”, you’ve got serious problems. And Mr. Obama had the careless audacity to face all of those extremely desperate for hope, anxious homeowners to announce his genius program, giving so many hopeless Americans a false sense of hope, but leaving most of them worse off than before. And he announced his great HAMP program with such grace and so empathic-sounding too, but knowing full and well that this is nothing short of a hoax to show you that he really cares. So, who is the real con-artists here…really?

Ibsteve2u: With all due respect, Obama is largely responsible for this mess and holding the people responsible for this loan modification disaster is our responsibility as U.S. citizens, that is if we care at all about the future of this country. No one is in a disagreement that this is an extremely complex problem that at its roots, began outside of Obama’s presidency. And the unwinding of this problem isn’t at all simple either, as we are all witnessing. The most of us understand that there are many players involved and that this won’t get solved overnight. But having said that: Ultimately, the responsibility does lay on the President’s shoulders as this is the role he chose to take on, sometimes fairly and sometimes unfairly. It could be that he had bad intelligence or whatever. But this is different. I don’t think this president intentionally wants to go out of his way to harm or hurt people. I do think though that he has some underlying anti-Americanism feelings that runs on auto-pilot in the background and in large part, influences how he governs. The fact that he has anti-American tendencies is not just my opinion. It is a fact; revealed through his own words and through his closest mentor’s and self-chosen advisor’s very own words. But even with that, I’m not even sure that this fact is directly applicable to this loan modification disaster. I think it is very simple actually. I think Mr. Obama simply doesn’t care. Ok…maybe he cares a little, but not enough to do anything about it, until the time comes that it is politically expedient to. He is negligent. He is not a leader; he is a follower, and a very good salesman. He is too caught up with marketing himself and covering things up, that actually Leading is probably the last thing on his priority list-not a very good situation for those of us that trusted in him to lead our nation.
I think that the mishandling of this HAMP program, the negligence to American homeowners that only exasperated the foreclosure crisis is going to go down in history among one of the greatest failures of the Obama presidency. Mr. Obama makes Jimmy Carter look like the greatest thing since sliced bread. We are all human and we all make mistakes, even an elected American president. I probably wouldn’t be so harsh on the guy if he wasn’t so damn arrogant. A dose of humility might do that man some good, and might do our country some good, after the damage that has already been done to this country over the course of the last 2 years.

Leah - yours and every complaint is legitimate.  Like all of us in the growing group of volunteers, you are either at risk, or out of the picture either by foreclosure or some other way.  We have joined, under the leadership of Steve’s “This Egyptian Thing”  in his effort trying to have a big burden removed from the process to help those like you, who may be still at risk, or those who currently are.  Volunteers are need in order to help and you are welcome.  Please look at the info under (aahmp.org), and click on the “Egyptian thing” link to inform yourself.  Then click on Steve’s e-mail so that you can let him know that you want to join in.

Venting your frustrations is therapeutic.  Doing something about it is helping the community of defrauded homeowners including yourself.

The only way for this incredibly catastrophic

situation to get the attention it needs is

for all of us that have been “injured” by the HAMP LIE,
to start suing the hell out of the lenders/servicers—-

nothing will change until that starts happening!!!

Leah emoted Today, 2:34 p.m.:  “I do think though that he has some underlying anti-Americanism feelings that runs on auto-pilot in the background and in large part, influences how he governs. The fact that he has anti-American tendencies is not just my opinion.”

I’m sure you’ll forgive me if I ask that you document your assertions?

You see, without supporting evidence I might be tempted to suspect that our oh-so-loyal right is trying to distort something they created - the housing crisis and mortgage-backed securities pyramid scheme - into a political weapon to use against this President and the Democrats.

I find myself without any evidence to support the premise that America’s right is too nice, decent, honest, or patriotic to do that.

Ok—-Here we go:

After 12 months of sending and resending documents, I finally received
in the mail today ( from IndyMac/OneWest),
 
a “Congratulations!  You qualify for a trial modification!  Yippie!”

Something like that anyway…but I’m really afraid of trusting the whole

“trial mod” thing…I’ve read where people send money for months on a

trial modification and then are denied a permanent modification

anyway, even though they sent payments on time, etc.

Any advice out there?

Karen-You caught me heading out the door to Dr. appointment, but I will answer in more detail later. Basically if you can pay original amount for the 3 months…then if you are denied (for permanent) they can’t stick you with arrears, penalties and interest.