Comments on: Hope Now – Secretary for Domestic Finance Robert K. Steel http://loanworkout.org/2007/11/hope-now-secretary-for-domestic-finance-robert-k-steel/ Loan Modification & Home Loan News Fri, 19 Mar 2010 20:49:15 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Dorotha Allamand http://loanworkout.org/2007/11/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-7062 Dorotha Allamand Mon, 07 Apr 2008 19:26:54 +0000 http://loanworkout.org/2007/11/02/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-7062 I was referred to the Hope line by a congressman and I called and talked to what seemed to be a very nice young man and he took down all of the informaton that needed to be and said that they would be calling my mortgage company and that I would hear from them in about a week or two. Time went by and I did not hear from the mortgage company but I did get a letter from the Hope Line and they said that if I was unable to pay my mortgage payment due to lack of funds that I should just go back to work. That would be great if I were not an older person and most of all handicapped which I had told the party that I talked to that I was handicapped and about to lose my home. Sooooo here I am right back at square one same place I was this time last month. Thanks for letting me blow my cork I feel like I am going to have a major heart attack and if so I can only hope it is fatal. I called the Adult Protection Service and was told that when I lost the house and was on the streets to just remember we all "have to go one time as another" and then the person on the other end hung the phone up. I was referred to the Hope line by a congressman and I called and talked to what seemed to be a very nice young man and he took down all of the informaton that needed to be and said that they would be calling my mortgage company and that I would hear from them in about a week or two.

Time went by and I did not hear from the mortgage company but I did get a letter from the Hope Line and they said that if I was unable to pay my mortgage payment due to lack of funds that I should just go back to work.

That would be great if I were not an older person and most of all handicapped which I had told the party that I talked to that I was handicapped and about to lose my home.

Sooooo here I am right back at square one same place I was this time last month.

Thanks for letting me blow my cork I feel like I am going to have a major heart attack and if so I can only hope it is fatal.

I called the Adult Protection Service and was told that when I lost the house and was on the streets to just remember we all “have to go one time as another” and then the person on the other end hung the phone up.

]]> By: Grace http://loanworkout.org/2007/11/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-7061 Grace Sun, 27 Jan 2008 16:43:49 +0000 http://loanworkout.org/2007/11/02/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-7061 Now that I have read may good thinks about HOPE probram hwo and who do we have to talke to to be able to persue with this program please let us. Thanks, Now that I have read may good thinks about HOPE probram hwo and who do we have to talke to to be able to persue with this program please let us.

Thanks,

]]> By: Hope Now for Homeowners | Loan Modification & Loan Workout News http://loanworkout.org/2007/11/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-7060 Hope Now for Homeowners | Loan Modification & Loan Workout News Fri, 07 Dec 2007 00:51:16 +0000 http://loanworkout.org/2007/11/02/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-7060 [...] Bush announced details of the Hope Now initiative that Secretary Treasurer Henry Paulson has been diligently working on since August. [...] [...] Bush announced details of the Hope Now initiative that Secretary Treasurer Henry Paulson has been diligently working on since August. [...]

]]> By: krunitomul blog http://loanworkout.org/2007/11/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-1251 krunitomul blog Fri, 16 Nov 2007 23:26:36 +0000 http://loanworkout.org/2007/11/02/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-1251 <strong>krunitomul 53 post</strong> all about krunitomul and top news krunitomul 53 post

all about krunitomul and top news

]]> By: Paul J. Molinaro http://loanworkout.org/2007/11/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-1250 Paul J. Molinaro Fri, 02 Nov 2007 03:05:58 +0000 http://loanworkout.org/2007/11/02/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-1250 It's hard to believe that there are "professionals" out there, whether in the media, financial world, or politics that just don't see the massive scale of what's coming. For example, last week I sent an article on the topic of the subprime meltdown to a widely circulated magazine which is read by medical professionals across the country. This magazine is not about the practice of medicine but offers financial advice and financial planning strategies to physicians. The editor thanked me for the article but declined to run it because she did not deem it to be of interest to her readers. HUH??? I had no idea that doctors were not affected by the mortgage crisis. I guess no physicians took equity out of their homes, and none got adjustable rate stated income loans. Sheeesh. I bet this rag covers the topic within 6 months. <br /><br />- Paul It’s hard to believe that there are “professionals” out there, whether in the media, financial world, or politics that just don’t see the massive scale of what’s coming. For example, last week I sent an article on the topic of the subprime meltdown to a widely circulated magazine which is read by medical professionals across the country. This magazine is not about the practice of medicine but offers financial advice and financial planning strategies to physicians. The editor thanked me for the article but declined to run it because she did not deem it to be of interest to her readers. HUH??? I had no idea that doctors were not affected by the mortgage crisis. I guess no physicians took equity out of their homes, and none got adjustable rate stated income loans. Sheeesh. I bet this rag covers the topic within 6 months.

- Paul

]]> By: Prof. Samuel D. Bormstein http://loanworkout.org/2007/11/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-1249 Prof. Samuel D. Bormstein Fri, 02 Nov 2007 02:07:20 +0000 http://loanworkout.org/2007/11/02/hope-now-secretary-for-domestic-finance-robert-k-steel/#comment-1249 Rather than waiting for the expected massive defaults, we should try a new and proactive approach rather than the reactive approach that we have been taking. This may be the time to explore developing a way to reach these borrowers to guide and show them how they may be able to afford the mortgage payments. Right now we are just waiting for the expected inevitable foreclosures. I really don't think that the counseling agencies will do much good because they have limited resources and limited talent to have any positive effects on the outcome. Rather than waiting for the expected massive defaults, we should try a new and proactive approach rather than the reactive approach that we have been taking. This may be the time to explore developing a way to reach these borrowers to guide and show them how they may be able to afford the mortgage payments. Right now we are just waiting for the expected inevitable foreclosures. I really don’t think that the counseling agencies will do much good because they have limited resources and limited talent to have any positive effects on the outcome.

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