Comments for Loan Modification Explosion

Comment on Mortgage Insurer PMI Broadening Loan-Modification Effort by Glory Mae

Glory Mae — Thu, 18 Mar 2010 15:47:29 +0000

This is an informative post. PMI Mortgage insurance Corporation is offering charge-free in modifying existing loan. Can you post more service and benefit offers by PMI Insurance Corporation. Thanks.

Comment on Failures Cripple Obama Loan Modification Program by Michelle

Michelle — Sat, 06 Mar 2010 15:10:26 +0000

again i will say that Chase bank needs to have an investigation on them started, because they took my western union payments for eight months on time every month but yet, managing to lose my home because of their neglect of notifying us with proper documents of a foreclosure, really hurts hard working families like us to lose our home to such stupid people who don’t know their way or even how to do their job correctly is beyond me, uyou just don’t offer the help and then lose it because they don’t know what they are doing!!

Comment on Loan Modification how to Guide by BrennySue

BrennySue — Fri, 19 Feb 2010 18:11:57 +0000

Everyone seems to be having the same problem…who do you trust?? Who CAN you trust with so many scams out there these days…I need legitimate help, so if anyone can vowge for a company that can help can you please contact me?? Oh, and I can’t come up with $3000 for a lawyer or I wouldn’t be behind on my mortgage!!

Comment on Hardship Letter by william van wie

william van wie — Thu, 18 Feb 2010 03:35:24 +0000

I AM TRYING TO GET A MODIFICATION DUE TO THE EXTREME COSTS OF MY WIFE. SINCE I ASKED AND DENIED HELP,MY WIFE SUCCUMED TO HER ILLNESS AND LOST HER INCOME. BAC WAS EXTREMELY UNHELPFUL SAYING NO TO HELP OVER THE PHONE. I AM TRYING TO DUE THE PROCESS AGAIN. LETS HOPE FOR A BETTER OUTCOME
THANKS
WILLIAM VAN WIE

Comment on Do Loan Servicers Really Prefer Foreclosures? by Andrew Feldman

Andrew Feldman — Tue, 16 Feb 2010 21:28:44 +0000

All that as been said here in banks not wanting to work with us is so very true. US Banks has been jacking me around for a year now. I hope the government will fix this soon before we all become homeless.

Comment on JPMorgan modifies mortgages under government program by gina

gina — Fri, 05 Feb 2010 16:03:06 +0000

We have been in the mod wash cycle for 16 mth with chase. Hurricane ike hit us and we were told to add 2 payments to the end of our loan. Well that was not the wasy it worked. They then asked us to do a modification, all doc. were received and things were moving…sure they were. they offered us a temp payment for 2 months…all the while they added the differance to the balance and added late fee’s as well( all for they offer). the help they offered us was 14 mth later of a second loan(not a modification) on top of the first one, with 5% interest for the next 15 years. So with all the fee’s and everything else they told us to do we went from 3000. to 8850. and no one there will tell us why. Here’s the kicker when we staed our income was reduced they not took the second loan off the table and said we will not qualify for a mod and foreclosure will stare now. Well, We have just been hit by a truck and will be on the street. the mod process is a CATCH 22, no one wins but the servicer. any one no of an attorney in texas? gina

Comment on JPMorgan modifies mortgages under government program by melvin hutchinson

melvin hutchinson — Thu, 04 Feb 2010 14:39:29 +0000

I’M current looking for a company to handle my obama mortgage bailout.. thank-you for your time… melvin

Comment on JPMorgan modifies mortgages under government program by MOIRA R. VEGA

MOIRA R. VEGA — Tue, 02 Feb 2010 00:09:12 +0000

My house is on forclousure at this time, not sure weather I would be able to keep it or included in my bk. Please help.

Comment on Loan Modification how to Guide by Mayla Puckett

Mayla Puckett — Sat, 30 Jan 2010 14:30:12 +0000

I am soon to be a single mother. My husband is refusing to pay any support. I would love to keep my home for my 7 year old son (this is the only home he’s known and does not want to leave). However, even though I have a master’s degree, I am a counselor in a poor, rural Appalachian school district. I do not have the income to support my home and other debts. My mortgage is current, but as soon as the divorce is over, I won’t be able to keep up with the payments. Please help. What can I do?

Comment on Loan Modification how to Guide by TIM MURRAY

TIM MURRAY — Thu, 28 Jan 2010 01:41:05 +0000

I HAVE BEEN RECENTLY SEPERATED FROM MY WIFE AND HAVE LOST HER GROSS INCOME AND THEN I RECEIVED A 40%PAY CUT AT WORK AND TRYING TO HAVE MY INTEREST RATE MODIFIED. IS THERE ANY HELP OUT THERE FOR ME?

Comment on Judges’ Frustration Grows With Mortgage Servicers by Judy Hanna

Judy Hanna — Tue, 26 Jan 2010 18:40:44 +0000

I am frustrated with Wells Fargo, we have both lost our jobs due to Chrysler down sizing, we wer’e 7 months behind last year and in forecloser, instead of lowering our intrest rate like the Obama plan stated, they just tacked on the amount we wer’e behind and brought us up to date, still not helping us out, but we wer’e pointed out that at least we wer’e still in our home!Yeah for how long!! I also had to send in 3 different sets of paper work and we are as of today back in modification again, it’s not fair that they won’t help homeowner’s stay in their home ,but will sell it in a sell for no more than half it’s worth! I have called and all I get is it’s still in modification, no one will help you, where is the help Obama’s plan said would be there?

Comment on JPMorgan modifies mortgages under government program by tomasa anzo

tomasa anzo — Mon, 25 Jan 2010 15:41:13 +0000

when i did this mod chase promice me a 2% fix on a 30 yr term and they never did as they promiced they lied and i still have not heard from them since the naca event can anybody help obama iam calling you to help please or anybody at jp morgan chase

Comment on JPMorgan modifies mortgages under government program by tomasa anzo

tomasa anzo — Mon, 25 Jan 2010 15:38:20 +0000

i have done 2 mod with chase and then i did 1 with n.a.c.a and it has been 9 months total and i have got no answer iam on a fix income i have given all the correct documents i dont understand why i have = not got any help by chase ….. these programs are to help not make life harder…..

Comment on Loan Modification how to Guide by Madelin Ragland

Madelin Ragland — Sat, 23 Jan 2010 05:18:53 +0000

I want to do a loan modification but dont wont to be put in a satuation that I will get in worse problems with my loan need help.

Comment on Mortgage foreclosures still swamping federal efforts to help by Richard Mofford

Richard Mofford — Thu, 21 Jan 2010 20:49:31 +0000

This program with the right support will stimulate our economy with many new job opportunities the light cash flow strengthens our economy. Richard@atlanticenterprisefoundation.org

Comment on Mortgage foreclosures still swamping federal efforts to help by Richard Mofford

Richard Mofford — Thu, 21 Jan 2010 20:39:04 +0000

Mission Statement

In an effort to assist and promote home ownership and help the economic vitality of the State of Florida, Atlantic Enterprise Foundation, Inc. has been created as Non- Profit Organization. This organization’s primary focus is to create drawings and collect redemption monies that will provide not only a chance for current homeowners to regain economic confidence and to provide an opportunity for banks and property owners together recover financial losses. Banks will be able through our organization to raffle out the homes that they are in the process of foreclosing or that have already been foreclosed and consumers would have a chance to obtain or win a home for only a small price of a raffle ticket. All measures and steps have been made to ensure that once the amount of money is collected by ways of electronic sales that a winner shall be selected and lien holders will be paid in full thus creating a an economic stimulation to both banks and consumers alike. It is our intent to create an environment in which banks and consumers will benefit tremendously by our very own success and create a chance for everyone who desires a home in Florida to genuinely have one. We look forward to assisting banks and consumers redeem the profits and earnings that will help ensure the financial security of this great State of ours. With faith and resolve all things are possible and Atlantic Enterprise Foundation, Inc. is here for your assistance and benefit, providing homes for the people and creating stability in our financial sectors a combination destined for great success.God bless America

Comment on Judges’ Frustration Grows With Mortgage Servicers by Salgal

Salgal — Thu, 21 Jan 2010 14:53:54 +0000

YUP got ridiculous modification and now starting over for fifth time. Wells really sucks…. so I quit making payments and now they are beginning to get serious, but sent me a ridiculous modification, now I have to start over….. They are the worst!

Comment on Winning the trial, losing your house by GAIL

GAIL — Wed, 20 Jan 2010 18:52:32 +0000

IndyMac Bank took my home .

Comment on Loan Modification how to Guide by Louise Filupeit

Louise Filupeit — Wed, 20 Jan 2010 18:13:57 +0000

need info on home retention program my husband is incarcerated since 4/09 and cannot keep payments up help

Comment on Mortgage foreclosures still swamping federal efforts to help by dom

dom — Mon, 18 Jan 2010 19:09:19 +0000

Monday, January 18, 2010
Are Securitized Mortgages Subject to Usury Laws?

His argument is effectively the routes that allowed banks to evade state usury laws (a Supreme Court decision plus adept jurisdiction-shopping) may not extend to securitization trusts. And note this logic would apply to other types of securitizations, such as auto loans.

These aren’t mere academic questions. Securitization trusts hold around 60% of mortgage debt and 25% of other consumer debt. There’s no law directly on point, but if I’m correct, then usury could be raised as a viable defense to the collection of a sizable portion of consumer debt. And states would have pretty broad rein to regulate the collection of debts held by securitization trusts.

http://tinyurl.com/y8uydeb