Comments on: Loan Modification Approved – Courtesy of Angelo Mozilo and Countrywide http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/ Loan Modification & Home Loan News Sat, 20 Mar 2010 05:26:34 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: CW customer http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-14697 CW customer Wed, 13 May 2009 17:16:35 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-14697 If you are in trouble with your mortgage and are upsidedown don't send them another penny. It is difficult to fit into the narrow criteria that CW has to qualify for a loan mod. Do not expect it to happen. If you have equity then sell it quick or figure out a way to make the payment. If you are in trouble with your mortgage and are upsidedown don’t send them another penny. It is difficult to fit into the narrow criteria that CW has to qualify for a loan mod. Do not expect it to happen. If you have equity then sell it quick or figure out a way to make the payment.

]]> By: Trent http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-13383 Trent Thu, 26 Mar 2009 05:11:28 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-13383 Is anyone else as either a borrower or a processor feeling the extreme Countrywide frustration lately? I always wanted to say that this site is a great resource for people. Thanks. T Is anyone else as either a borrower or a processor feeling the extreme Countrywide frustration lately?

I always wanted to say that this site is a great resource for people.

Thanks.

T

]]> By: robow http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-11701 robow Mon, 14 Jul 2008 16:28:56 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-11701 I am not late yet on any mortgage payments. Should I start trying to get loan modifications now or do I need to wait until I am monthes behind on payments to get started? I am in the middle of a divorce and recently laid off due to an industry strike (actors). I have several mortgages in joint custody with the wife i am divorcing. she recently lost her job as well. We are also in the area directly affected by Katrina. We were both in real estate after the storm. We were living on our equity in the properties to sustain ourselves waiting for the market to change meanwhile going deeper in debt. We both took jobs in other fields after we seperated. I am about out of resources and going to be late in the next cycle of payments unless something gives quickly. Thanks, Robow I am not late yet on any mortgage payments. Should I start trying to get loan modifications now or do I need to wait until I am monthes behind on payments to get started? I am in the middle of a divorce and recently laid off due to an industry strike (actors). I have several mortgages in joint custody with the wife i am divorcing. she recently lost her job as well. We are also in the area directly affected by Katrina. We were both in real estate after the storm. We were living on our equity in the properties to sustain ourselves waiting for the market to change meanwhile going deeper in debt. We both took jobs in other fields after we seperated. I am about out of resources and going to be late in the next cycle of payments unless something gives quickly.
Thanks, Robow

]]> By: Janusz http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4074 Janusz Wed, 21 May 2008 17:39:27 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4074 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. 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 http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4075 Justin Fri, 09 May 2008 17:00:23 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4075 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 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: Leon http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4073 Leon Fri, 22 Feb 2008 02:47:32 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4073 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 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 http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4070 Nookie Sat, 09 Feb 2008 10:40:23 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4070 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! 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 http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4072 JacMac Wed, 06 Feb 2008 16:50:20 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4072 Erik, join the forum in the upper left hand corner of this page. YOu'll get plenty of help there. 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 http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4071 Screwed and raped by CW Wed, 06 Feb 2008 05:35:09 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4071 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 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 http://loanworkout.org/2008/01/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4069 Erik Tue, 29 Jan 2008 17:43:50 +0000 http://loanworkout.org/2008/01/14/loan-modification-approved-courtesy-of-angelo-mozilo-and-countrywide/#comment-4069 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 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

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