Need a loan
Good article about the second tsunami coming of hidden homes phantom inventory owned need a loan need a loan by banks which BofA starting to release into the market in Vegas.
Its no wonder the CEO of JP morgan, Jamie Dimon, just hired his father and had him leave need a loan B of A. Hes making sure he grabs that pension money before its too late. They get a bank account are funneling all of the bad assets into it and when the time is right, Pooooof, the plug will be pulled. Unfortunately, all the scoundrels at the top will just land new jobs at the remaining banks.
We need them to be found guilty of criminal charges and BARRED from the banking and lending industry.
If any servicer or investor is causing you troubles COMPLAIN ABOUT THEM SO THEY DO NOT GET AWAY WITH FINANCIALLY MURDERING MILLIONS OF HOMEOWNERS If any servicer or investor is causing you troubles payday solutions COMPLAIN ABOUT THEM SO THEY DO NOT GET AWAY WITH FINANCIALLY MURDERING MILLIONS OF personal loan with cosigner HOMEOWNERS IMPORTANT: ACTUALLY, This is for the public also!
I thought the same thing, but when I call the number for Fannie - The person that answered confirmed that the number was for the Consumer Resource Center.
I think they have not gotten the word out properly for the public. And two days later, Fannie confirmed receipt of my request.
Waiting for them to call me, and I will come back and update you all about what happens. Did you know you might be able to negotiate a 20 percent reduction in what you owe? Josh Rosner, a financial analyst specializing in mortgage-backed securities, says that lenders know that if a home goes into , the lender will lose 60 percent or more. Those banks routinely block such requests because debt reduction for a borrower would spell instant losses for them. Instead of creating the strong and independent Consumer Financial Protection Agency Warren has called for, Senate leaders. So why has private loans Treasury been letting the banks get away with blocking real debt reduction for consumers?
Banks are massively under-capitalized on second lien exposure, Rosner warned the crowd. By allowing those same banks to pay executives huge bonuses, The government, I would argue, is tacitly or explicitly a partner in securities fraud.
This recession has hit everyone-----the rich, the middle class, the lower class, and the poor. No one expected this situation and there was no way to predict it. With closing businesses and lost jobs, the foreclosure problem is hitting many. If more banks would participate in modifications instead of going for the big bucks to foreclose, our economy would bounce back much quicker. Share the wealth and work together and we can make it through this rough time. Tony,I hate to say it but you have no idea what you are talking about. I live in a small modest home that I bought 24 years ago. At the time of purchase I could afford the payments and did not overextend myself. I kept my payments up until the last year when things just got to be more than I could pay for by myself. My lender put my home in foreclosure because I was two months late. I mailed a payment in the third month and they returned it. I filed for the Prepaid affordable Monthly need a loan Mortgage plan to save my home. Yes, I could sell my home I have lived in for almost 25 years but then what. I think my husband has been through enough without me losing his home. You have no right to speak about people who have high priced homes. They could probably afford them when they got them and they deserve to have whatever they have spent their life working and earning. I hope there are people out there somewhere that will help these people who so desperately need it.
I just moved to an apartment after CHASE bank refused to work with me on a loan modification. My salary dropped due to perm disibility and partners job loss.
My husband was out of work for over 5 yrs, and instead of losing our home, we defaulted on our cc so we could afford the mortgage with my 3 jobs. We were finally blessed with a good job for him, so I requested a modification or refi to reduce the interest in order to help us afford to finally pay our other creditors and still keep paying our home.
There modification program is right up there with root canals. Credit is too bad, make too much money, etc just like many of you here. They are the most unorganized heartless bunch I have ever dealt with in my 56 years.
I really had thought the home modification program was a good idea for my husband and I. Wells Fargo is our lender and when they approached us for this program we were thrilled. We got everything signed and received our first bill for the modification program and SURPRISE it was even more than we were paying before this program. So I immediately contacted Wells Fargo to see what was going on and they said that our taxes in our escrow account had gone up and for the next year we would be paying this NEW amount, which is more than our previous mortgage, for the next year to catch up list of payday loan lenders on our escrow account.
I cannot understand how a mortgage company can make such a large mistage like this and not some how correct it without making our payments higher than they were before. Wells Fargo apologized but said there is nothing personal secured loan they can do. I really think that is a bunch of crap and am so disappointed with them and this modification program.
The exact same thing happened to us with Bank of America. I contacted my congressman, who has intervened in our behalf, and Bank of America is now renegotiating wih us (which is interesting considering every customer service person I spoke to told me there could be no negotiation). I am no communist but, when I see all the injustice against the people of this country perpetrated by the banks I believe it is time for the government to take over the banking system. In February, the number of mods in the permanent column increased 45 percent compared to January.
The target monthly mortgage payment ratio of 31 percent based on verified income could not be reached using the standard HAMP modification waterfall.
Fannie Mae noted that the Alt Mod is a temporary servicing policy change, with a sunset date of August 31, 2010. In February, the number of mods in the permanent column increased 45 percent compared to January. The target monthly mortgage payment ratio of 31 percent based on verified income could not be reached using the standard HAMP modification waterfall. The borrower failed to provide all income documentation required for a HAMP modification but meets the streamlined income documentation requirements outlined by Fannie. The GSE also stressed that a principal write-down or principal forgiveness is prohibited on Fannie Mae mortgage loans.
For qualified borrowers who are already identified as ineligible for a permanent emergency money HAMP modification, Alt Mod offers must be sent to them within the next 30 days.