Comments on: Goldman Sachs to Cash in Big Time With the Litton Loan Servicing Purchase http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Rich Blake http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-18097 Rich Blake Thu, 19 Nov 2009 16:53:23 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-18097 I am a freelance journalist working on a story for ABC News.com and Institutional Investor magazine, about Goldman Sachs and risk taking. Would like to interview someone re more on why Goldman is in the subprime servicing business, if possible, email me back and we can set something up. I will give LoanWorkout.org a mention. Thanks. Rich Blake I am a freelance journalist working on a story for ABC News.com and Institutional Investor magazine, about Goldman Sachs and risk taking. Would like to interview someone re more on why Goldman is in the subprime servicing business, if possible, email me back and we can set something up. I will give LoanWorkout.org a mention. Thanks.
Rich Blake

]]> By: I feel for you, and I know how difficult dealing with COUTNRYWIDE can be | Loan Modification & Home Loan News http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2635 I feel for you, and I know how difficult dealing with COUTNRYWIDE can be | Loan Modification & Home Loan News Sat, 17 May 2008 03:27:27 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2635 [...] Submitted\'c2\~by a homeowner,\'c2\~Carrie from Florida:\'c2\~ [...] [...] Submitted\’c2\~by a homeowner,\’c2\~Carrie from Florida:\’c2\~ [...]

]]> By: Carrie http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2638 Carrie Fri, 16 May 2008 20:51:27 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2638 Hi R. Whelan, I feel for you, and I know how difficult dealing with COUTNRYWIDE can be. I found this awesome forum: www.loansafe.org more specifically: www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/ this forum is dedicated to help homeowners and the specific part of the site only to CountryWide homeowners. This site has been a blessing for me and my family and you will see that you are not alone !!!! People on this site will help you and guide you through the right departments etc to get you the help you need to modify your loan since you are not able to refi as I was. GOOD LUCK on your CW journey and wish you success. Carrie Miami, FL Hi R. Whelan,

I feel for you, and I know how difficult dealing with COUTNRYWIDE can be. I found this awesome forum:
http://www.loansafe.org more specifically:
http://www.loansafe.org/forum/countrywide-home-loans-tell-us-your-countrywide-story/
this forum is dedicated to help homeowners and the specific part of the site only to CountryWide homeowners. This site has been a blessing for me and my family and you will see that you are not alone !!!!
People on this site will help you and guide you through the right departments etc to get you the help you need to modify your loan since you are not able to refi as I was.
GOOD LUCK on your CW journey and wish you success.
Carrie
Miami, FL

]]> By: R. Whelan http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2637 R. Whelan Fri, 16 May 2008 18:22:29 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2637 Hi, I'm also looking for some advice & guidance. My situation is the following: We missed last month's mortgage payment of $2500.00 (almost $300 of this payment is PMI) We called Countrywide and they told us we could do a repayment plan , they also referred us to some other dept. and told us they would be in contact in a few week. We are making last month's payment (April) this month. And will attempt to pays this month's payment by the end of the month which will be extremely difficult, nothing like 2 30 day late payments in a row on your credit report.... We also have an equity loan payment of 600.00 a moth which we always make on time. The bigger problem here is that the total amount owed on both the 1st and Second Mortgage is approx $300,000. My home at this point is probably been devalued to about 260,000 if I am lucky even though we've made numerous improvements... What can I do???? We don't want to foreclose, we don't want to sell, we don't want to claim bankruptcy. I just want to get my payment lower if possible.... Please help! Hi,

I’m also looking for some advice & guidance. My situation is the following:
We missed last month’s mortgage payment of $2500.00 (almost $300 of this payment is PMI)
We called Countrywide and they told us we could do a repayment plan , they also referred us to some other dept. and told us they would be in contact in a few week.
We are making last month’s payment (April) this month. And will attempt to pays this month’s payment by the end of the month which will be extremely difficult, nothing like 2 30 day late payments in a row on your credit report….
We also have an equity loan payment of 600.00 a moth which we always make on time.
The bigger problem here is that the total amount owed on both the 1st and Second Mortgage is approx $300,000. My home at this point is probably been devalued to about 260,000 if I am lucky even though we’ve made numerous improvements… What can I do???? We don’t want to foreclose, we don’t want to sell, we don’t want to claim bankruptcy. I just want to get my payment lower if possible…. Please help!

]]> By: Susan http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2636 Susan Fri, 16 May 2008 05:10:09 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2636 Any information for HOMEQ SERVICING on LOAN MODIFICATIONS. We had issues with taxes being paid and now a 300.00 increase in payment and a reset in June coming, will make payment 800.00 more. WE NEED A LOAN MODIFICATION...any help? Please email us for those who are going thru this with HOMEQ dcgames4sale@hotmail.com Thanks Susan Any information for HOMEQ SERVICING on LOAN MODIFICATIONS. We had issues with taxes being paid and now a 300.00 increase in payment and a reset in June coming, will make payment 800.00 more. WE NEED A LOAN MODIFICATION…any help? Please email us for those who are going thru this with HOMEQ

dcgames4sale@hotmail.com

Thanks
Susan

]]> By: Tom http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2634 Tom Mon, 14 Jan 2008 00:01:45 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2634 For a modification to occur, the investors and the PMI Co have to agree to any modification, short sale, short refi, deed in lieu, etc. proposed by the loan servicer for these events to occur. That is my understanding, but it is solely what I have read on sites such as these. Would be interested in finding more about how this works myself and have done searches on the internet but have found very little on the subject. I'm sure each set of investors, servicer, and insurance company has different requirements though. For example, if the PMI will only pay in the case of a default, the lender/investor won't work with the borrower because then they wouldn't be able to make a claim against the PMI company. Some have said this is why some lenders and servicers prefer to go to foreclosure rather than cooperate with buyers for modifications. Although, I'm not real sure one way or another. Perhaps someone else in the business or Moe can interject more. Tom For a modification to occur, the investors and the PMI Co have to agree to any modification, short sale, short refi, deed in lieu, etc. proposed by the loan servicer for these events to occur. That is my understanding, but it is solely what I have read on sites such as these. Would be interested in finding more about how this works myself and have done searches on the internet but have found very little on the subject. I’m sure each set of investors, servicer, and insurance company has different requirements though. For example, if the PMI will only pay in the case of a default, the lender/investor won’t work with the borrower because then they wouldn’t be able to make a claim against the PMI company. Some have said this is why some lenders and servicers prefer to go to foreclosure rather than cooperate with buyers for modifications. Although, I’m not real sure one way or another. Perhaps someone else in the business or Moe can interject more.

Tom

]]> By: Virginia http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2633 Virginia Sun, 13 Jan 2008 23:31:52 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2633 Marcy~ I have no knowledge of loss mitigation and that end of the mortgage industry, so please bare with me......what benefit does contacting the PMI company have for you? Will it help with the negotiation because they are picking up a percentage of the loss? I am truly interested on how that works. Marcy~

I have no knowledge of loss mitigation and that end of the mortgage industry, so please bare with me……what benefit does contacting the PMI company have for you? Will it help with the negotiation because they are picking up a percentage of the loss? I am truly interested on how that works.

]]> By: Tom http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2632 Tom Sun, 13 Jan 2008 23:17:56 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2632 Thanks, that works for me - I'll try the same route. Appreciate the assist. Tom Thanks, that works for me – I’ll try the same route.

Appreciate the assist.

Tom

]]> By: marcy http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2631 marcy Sun, 13 Jan 2008 22:53:29 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2631 virginia, I went to www.pmigroup.com it was luck, trust me because my servicer did not give me any information. virginia,

I went to http://www.pmigroup.com
it was luck, trust me because my servicer did not give me any information.

]]> By: marcy http://loanworkout.org/2007/12/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2630 marcy Sun, 13 Jan 2008 22:51:55 +0000 http://loanworkout.org/2007/12/11/goldman-sachs-to-cash-in-big-time-with-the-litton-loan-servicing-purchase/#comment-2630 tom I am not saying that your pmi company may be the same as mine but hell its worth a shot. you have nothing to loose by making a call you have everything to gain tom

I am not saying that your pmi company may be the same as mine but hell its worth a shot.
you have nothing to loose by making a call
you have everything to gain

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