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Gov’t Has Spent Small Fraction of $50 Billion Pledged for Loan Mods

Data obtained by ProPublica show how much has been spent through the government’s mortgage modification program (HAMP). Our data show how much has gone to each mortgage servicer.

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acmodspecialists

Nov. 16, 2010, 5:24 a.m.

To put in prospective the bail out perpetrated by the Fed Bernanke etc:
Nearly 9 billion man hours were worked to pay the taxes that composed AIG’s current $183 billion bailout which flowed through to help the Banksters, such as Goldman Sucks!, Merrili Lynch Citibank, Chase etc out of their financial trouble now all of us and our children owe interest on the on the 10’s of billions of dollars that were fraudulently handed to the Banksters, for being criminals who inflated an asset bubble through virtually every type of financial fraud
Thank you,  President Bush, Henry Paulson, Tim Gainer, Deputy Treasury Secretary Neal Wolin, Federal Reserve Board Chairman Ben Bernanke, Chairman of the Federal Deposit Insurance Corporation Sheila Bair and Chairman of the Securities and Exchange Commission Mary Schapiro

Maureen

Nov. 16, 2010, 8:27 a.m.

Well, as I always say & truly believe:  what goes around comes around and that’s what today will bring.  In the end of all of this, it won’t matter who had the most lobbyists because the books & figures tell all.  Dimon will get his, as will all of the other brown-nosers at these meetings.  Then, we win and these mods that should’ve been done months and years ago will be done correctly.  I truly believe it, especially after speaking with Att. Shennan Kavanagh. :)

JS

Nov. 16, 2010, 9:22 a.m.

The Senate Hearing on the Mortgage Mess is THIS afternoon.

I faxed my letter to the Senate at (202) 224-5137, sent notes twice on the Senate.Gov web site, begging them to look at my fax and hold Mr. Lowman (CHASE), and the others accountable, and called the Senate committee at (202) 224-7391, spoke with “Brad”, who promised to remind them to look at my note.

PLEASE EVERYONE, its very important to write and to call, even if you don’t include a long detailed note, but just say “PLEASE HELP US SAVE OUR HOMES”. PROTECT US FROM DISHONEST BANKERS!

BTW.. the number rang a long time before anyone picked up, but they did, and they at least listened.

JS

Nov. 16, 2010, 9:48 a.m.

Roy:

Staples.  I expected $1/page, but they charged $1.5/page for out of state fax and charged me for 27 pages not 29 (28 plus cover page) .... After spending 3 days preparing my note, I wasn’t about to waste any more time shopping around for the best price in town.  I was just eager to get it into the right hands.  I can send you a copy of the receipt if you’d like!

Wow, I’m glad I did’t post my fax costs for all the documents I sent, resent, and resent again, to CHASE. ..nor sure I can find all those fax receipts!

But, Roy, I must respectfully ask, with all the hundreds of thousands of dollars involved with EACH mortgage, you want me to explain how it cost $40 for a 28 page fax? Wow!

Roy

Nov. 16, 2010, 12:02 p.m.

JS Your explanation seemed a bit defensive…a simple “I went to Staples” or “none of your business”, would have been acceptable to me.
I was just curious because I was in process of “pecking” out my 11 page letter myself to fax…I was only curious as to there being a fee to send by fax to the committee from my own fax machine. SORRY!

P.S. Thanks for the committee # to call…I have been trying to call the past hour this a.m. but with no luck.

JS

Nov. 16, 2010, 2:23 p.m.

Roy,

You are far to kind.  I was not a “bit defensive.”  I was extremely defensive!

After fighting this battle for well over a year, spending hours upon hours putting together the best written, and most persuasive note to the Senate committee, that I could, waking up every day at 4. A.M. thinking about this, I am admittedly a bit on EDGE!!!

YOU GOT IT ????

:-)

Actually I bought a printer, copier, scanner, fax when this CHASE fiasco started.  It’s saved my tons of time and money, but I don’t have a land-line to fax from.

I have heard that CHASE branches , in thier incredible benevolance, will fax documents to thier mortgage department for free…but I don’t trust them, and doubt they’d help fax a complaint letter to the Senate committee on Banking!

Hope I didn’t offend you!

JS

Nov. 16, 2010, 2:29 p.m.

I forgot to inlcude all the time I’ve spent considering a permanent move to Chengdu, China, where one month of my CHASE mortgage could pay the rent on a 1 bedroom furnished apartment for three years!

...and I meant to write “far too kind” , not “far to kind”

... and “it’s saved me tons of time” , not “it’s saved my tons of time”

... and “their” not “thier”

Roy

Nov. 16, 2010, 3:42 p.m.

My dear Brother JS-Please in no way feel that I was offended. You are ” preaching to the choir” in my regards.
I have followed your story with sadness in my heart. I feel for you…you are correct not to trust a bank branch. It is ridiculous to have to go through the measures you have taken to be heard. So believe me when I tell you I GET IT!!!!
I feel we might have had a small communication problem…we are together in this! I resent my letter again this a.m. One to the Senators and one to Barbara Desoer. Finally got through and told they had been received.
I hope you feel me in a positive way JS, for you and your family have been in my prayers…and will continue to be!

Linda

Nov. 16, 2010, 3:59 p.m.

Hi, I posted a comment, a long comment, and I neglected to say during this 16 month long nightmare we paid the forbearance agreement which was 1025.00 every month, for the last 16 months and on time. I’m sorry if i offended anybody but this has been the most stressful thing to go through. You think if you could trust anyone, it would be your bank, the people you have faithfully given your hard earned money,PLUS INTEREST to. People also seem to forget they make a lot of money on homes with the interest they charge. 
It’s too bad that the greed in people is what make them who they are.
              Linda

JS

Nov. 16, 2010, 5:41 p.m.

I am watching the live Senate hearing now.  When Mr. Lowman from CHASE started to speak, a large group of people in the room stood up, and called him a liar.  One man had to be dragged out of the room, while pleading with the Senators not to allow Mr. Lowman to continue with his dishonesty.

The incident occurred at about the 50th minute of the testimony which can be viewed online, on C-SPAN 3

That guy is my hero!

Gabor

Nov. 16, 2010, 9:49 p.m.

JS the guy name is Bruce Mark from NACA

acmodspecialists

Nov. 20, 2010, 12:56 p.m.

More on The Dylan Ratigan Show

http://www.msnbc.msn.com/id/31510813/#40279827

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This article is part of an ongoing investigation:
Foreclosure Crisis

Foreclosure Crisis: Banks and Government Fail Homeowners

Banks and the government have fallen short in helping homeowners in danger of foreclosure.

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