Comments on: Countrywide is Fixing Loans and Saving Homes, Finally!

By: Home Mortgage Refinance

Home Mortgage Refinance — Thu, 19 Nov 2009 01:53:12 +0000

Home Mortgage Refinance…

It is being reported that American Home Mortgage will cease business today and is declaring bankruptcy. In the very near future Accredited Home Lenders will also probably file. Both cite recent losses and their inventories of less than high quality mor…

By: Janusz

Janusz — Wed, 21 May 2008 17:39:27 +0000

Dear Mr. Chairman Angelo Mozilo

As a long time customer of Countrywide Financial I would like to take this opportunity to express my heartfelt thanks to yours one of your Teams Leaders, Workout Department at 1515 W 14th Street, Tempe Arizona.

Yours Teams representative, Jacqueline Kemmere and Alma Willis, went out of there way to ensure that I will keep my dream house and they put me in the program that would work best for me and my family. This was especially so important for me since we are experiencing in the U.S. Housing Market inevitable downturn with adjustable rate schedule to reset in 2008 and I will not able to afford my new payments.

Again, I wanted to let you know that I appreciate the help and support I received in the Modification Program and especially many thanks those two wonderful employees you have. Thank you for your attention.

By: Justin

Justin — Fri, 09 May 2008 17:00:23 +0000

I went to sell my house and it appraised for about what I owed but it turned into a short sale. But, because CW took so freaking long to do anything I lost my sellers. I called and harassed them twice a week and told them if they didn’t step on it I would lose the buyers and the house would wind up in foreclosure. They didn’t seem to care and told me there was nothing they could do about it. They would rather the house foreclose then speed up the paperwork (originally told me 30 days then later told me 30 days before anyone would even look at it). This was my first house now I’m going to lose it because I already moved and can’t make rent and mortgage payments. They SUCK

By: Oscar

Oscar — Thu, 20 Mar 2008 20:18:53 +0000

I know of an organization that is trying to help all of these people that have been caught up in this mess. Regardless of race or language through a non profit call them at 866-563-1669 if they can’t help I don’t think anyone can.

By: MIKE

MIKE — Thu, 20 Mar 2008 12:04:10 +0000

JMAC,
Thank you for your eloquent articulate and easy to follow post! I appreciate you taking the time and addressing the racist overtone of this blog. I look forward to reading all your post and absorbing more knowledge from you. Tx

By: Leon

Leon — Fri, 22 Feb 2008 02:47:32 +0000

I’ll tell you what’s bullshit. I just did a refinance with good credit and full documentation and only got a 6.1% interest rate. Why are people under these circumstances getting a better rate than I did? WTF

By: Nookie

Nookie — Sat, 09 Feb 2008 10:40:23 +0000

Look folks………….If Countrywide is unwilling to help, then tell them to kiss your ass, and give them the house! If there is a deficiency balance, file BK and wash it out.

This process of selective help is financial discrimination at its best! IF COUNTRYWIDE helps 1 person, then they should be obligated to help everyone regardless of type loan. How can you say, OH, Im gonna help johnny with a loan mod. @ 9.5%, but not ruth @ 8.75%??

Countrywide may as well say only Blacks get the help, while Whitey get nothing. Fuck’um all!

By: JacMac

JacMac — Wed, 06 Feb 2008 16:50:20 +0000

Erik, join the forum in the upper left hand corner of this page. YOu’ll get plenty of help there.

By: Screwed and raped by CW

Screwed and raped by CW — Wed, 06 Feb 2008 05:35:09 +0000

CW is getting very selective in who gets the good money. They tell my neighbor who is the same situation as I that she is good for 5.6% almost a 100 basis point improvement over her current rate. They tell me I am good for nothing. Screw CW

By: Erik

Erik — Tue, 29 Jan 2008 17:43:50 +0000

My family of 6 bought our first house in 2004 1 hour away from family, friends, and work. It was a brand new home that we could all be in but a little small, 4 bed rooms. It was new but $100,000.00 plus less than homes near work and where we rented. A little drive daily, save some big dollars, all new homes/community, whats not to think it is a great deal. Everything was great and with things foreclosing in other counties I decided to see what may happen to me. Finding out what my payment is adjusting to I called Countrywide 2 months before the adjustment. They said nothing can be done until I am 90 days late and maybe I should refinance. After speaking to many lenders the value was not there anymore, being I already had a 2nd mortgage no one could consolidate the 2 loans or even refinance the 1st. Called Countrywide to be proactive about my situation and I was mailed a letter to submit some information. I sent it out right away never received a phone call so I called after 10 days of sending in the documents and I was told a negotiator would call me back. Never received a phone call, I called just before the due date for the new rate and was told not to submit a payment. Waited many days for phone calls and made many phone calls to get answers. People answering the phones said to submit updated documents as the olds ones are void, did that right away. Called again found out I have a new negotiator assigned to me and I ask for him to call me, never called back after 4 different phone calls requesting to know what is going on.

I am now 3 months behind, dont know what is going on, cannot refinance as I am sure credit is trashed now, dont have any equtity, ashamed of my situation to even speak about with neighbors or co-workers, keep spending money on gas to commute, working hard to pay bills as always, and I rather just pack it all up and move to a rental close to work. I would save tons of money monthly but I know it would comback to bite me big time. Alot of stress and tension to keep a home we thought would be part of the American dream with a little sacrificing, no big deal right? At this point it is wrong as I spent thousands of dollars for the house and I also added some stuff to make it better as we planned on living there for a long time at least 10 years. What to do? Does anyone have any ideas? Thank you for any input!-Erik