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- DESPERATE on Loan Modification with HSBC
- turntim on Bank Of America Defends Loan Modification Program
- For those who are defending the "lenders" who have been engaging in illegal conveyences and assignments. It is amazing that today in America it is more shameful to be behind on your bills than it is to perpetrate fraud, deception & othe criminal activ on Fight Your Mortgage Servicer With This Knock Out Punch
- Denice Thomas on Hardship Letter
- BA on $100 Million Lawsuit Filed Against Bank Of America
- Ocwen foreclosed on our after taking two payments after stringing us along for three years. Calling India is impossible. I do not believe thery are helping Americans.. Who can I turn to? on President Obama’s Foreclosure Prevention Plan Explained
- Karl on Principle Reductions: Wipe Out Your 2nd Mortgage With Bankruptcy
- James on Not getting help from Bank of America? Here is a special email form to get help today!
- Bill Jenkins on Chris Fox & Curt Melone: Ex-Associates and Family Speak Out
- wilson mahmood on Loan modification mishap involving Bank of America
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- Feeling sick - Got questions about a walkaway in California. :(Forum: Foreclosures Posted By: Stuff Post Time: 02-08-2012 at 09:56 PM […]
- 2nd Loan ModificationForum: Loan Modification Posted By: nicolas Post Time: 02-08-2012 at 08:19 PM […]
- Looking at FHA streamline, Chase won't do it.Forum: Refinance Posted By: djacks Post Time: 02-08-2012 at 07:16 PM […]
- Are the sharks circling?Forum: Short Sale Outpost Posted By: laststraw Post Time: 02-08-2012 at 06:11 PM […]
- Citimortgage foreclosure processForum: Citi Mortgage Posted By: seanf12 Post Time: 02-08-2012 at 05:24 PM […]
- BofA Debt reduction strategy - Stop paying 2nd lienForum: Ask the Attorneys? Posted By: bearbear Post Time: 02-08-2012 at 05:07 PM […]
- Underwater Condo - Contingency PlanningForum: Stop Foreclosure and Tell Us Your Story Posted By: MichaelHerrera Post Time: 02-08-2012 at 04:51 PM […]
- Resource for Scheduled Sheriff Sales?Forum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Trapped No More Post Time: 02-08-2012 at 04:39 PM […]
- Does this type of renter's lease exist? Renter covers everything?Forum: Houses for Rent Posted By: dstarsboy Post Time: 02-08-2012 at 03:57 PM […]
- Permanent Modification questionsForum: Bank of America Home Loans Posted By: veejmar Post Time: 02-08-2012 at 03:44 PM […]
March 2008
Please call 995 Hope if you want to get screwed by your lender, again!
Let’s get one thing clear here, 995 Hope is funded and supported by mainly banks and lenders. Not consumer rights activists, not Bill Gates and certainly not Warren Buffet. The very banks and lenders that sold you the toxic loan that has caused [...]
Barack Obama was in Chicago at the time of the Superior Bank failure & has full knowledge of what went on and the cause of the collapse.
I wrote a blog post about Penny Pritzker, 2008 campaign finance chairman for Barack Obama 2 weeks ago titled, “Is Obama for the People or the Banks?” and in that post I quoted Earl Ofari Hutchinson from the Huffington Post. [...]
Obama Remains Silent on the Foreclosure Front as Clinton Takes Command
Homeowners need a voice in government. I have been watching to see what democratic presidential candidate would step up to the foreclosure plate and it looks like we have a slugger at the plate. Hillary Clinton! Hillary Clinton seems to [...]
Clinton Calls For Bold Action To Halt Housing Crisis
Plan Would Help Families Avoid Foreclosure And Unfreeze Mortgage Markets Hillary Clinton delivered a major speech in Philadelphia today on the state of the American economy and announced a four-point plan to stem the tide of home foreclosures, which has [...]
Hillary Clinton’s Plan to Protect American Homeowners
Impact for African American Families and Communities Today, Senator Clinton announced her plan to protect American homeowners from the growing housing crisis, which threatens to drive our economy into a painful downturn. The housing crisis has a disproportionate impact on [...]
Statement From Michael Calhoun – President, Center for Responsible Lending
WASHINGTON, March 19 /PRNewswire-USNewswire/ — The Federal Reserve Board has repeatedly tried since September to contain the foreclosure crisis damage that’s spreading rapidly into the general economy. It has lowered key interest rates a half dozen times and, to quote [...]
It’s the banks and investors (secondary markets) that are causing this mess.
Submitted by Brian Hall The hype of “subprime” mortgages needs to really focus on what brought the housing down to where we are today. For everyone out there that does not have a true grip on the mortgage industry/lending, subprime [...]
Loan Recall – Should our government place a recall on ALL toxic mortgages?
Johnny gets sick at McDonald’s from a double cheeseburger tainted with ecoli. Results, a massive recall of all beef associated with the meat packaging facility and eventually the complete shut down of the company that sold the tainted beef to Johnny. Meanwhile Johnny is OK now and [...]
In 1968, Congress passed Proxmire’s Truth in Lending Act, a major piece of legislation that for the first time required lenders to make the interest rate and total cost of a loan absolutely clear.
By Moe Bedard Will the Truth in Lending Act be the law that saves the American consumer from foreclosure and financial death? Will attorneys finally get a clue and learn this area of ”mortgage law” and start the massive wave of [...]
The Consumer Continues to be Mislead and Swindled = Business as Usual in America
Consumers do not have a chance in America. This country is ran by greedy snake oil salesman who peddle their wares in just about every imagineable form of commodity and service. The Great American Swindle has been going on for [...]
Bear Stearns #2 – It’s confidence, not capital, that topples even the savviest financial institutions.
By Nye Lavalle – Bear Stearns Share Holder & LoanWorkout.org guest blogger PMorgan Chase stands behind Bear Stearns,” Jamie Dimon, JPMorgan’s chief executive, said in a statement. “Bear Stearns’s clients and counter-parties should feel secure that JPMorgan is guaranteeing Bear Stearns’s [...]
Bear Stearns – The mighty great Bear who preyed upon helpless Americans has been wounded to the point of death.
By Nye Lavalle – Bear Stearns shareholder and defendant in an “unlawful” foreclosure action Gentlemen, As a shareholder, and for the last time probably before you each finally go away into the sunset, I am attaching the reports I sent [...]
Fact Sheet: Taking Responsible Action to Help Homeowners and the Economy
President Bush Sets Forth Principles For Appropriate Government Action To Address The Economy And Housing Market Today, President Bush delivered remarks at the Economic Club in New York and discussed the appropriate role the government must play to strengthen the [...]
Investigation into Mortgage CEO Compensation Expands
countrwyide home loans – complaint forum for homeowners As part of its ongoing investigation into executive pay, the Oversight Committee asked Countrywide Financial, Citigroup, and Merrill Lynch to provide documents relevant to the compensation of Angelo R. Mozilo, Charles Prince and [...]
WaMu board protects 2008 executive bonuses from mortgage crisis
The U.S. housing crisis slashed Washington Mutual earnings, but it won’t drain executive bonuses. WaMu’s board will exclude costs related to mortgage defaults and real estate foreclosures when it comes time to calculate executive compensation for the year. The Seattle [...]
Mortgage Titans (Tyrants) Will Have to Answer to Congress Friday
These CEO’s made a killing to the tune of tens of millions of dollars. They are living lavish lifestyles of the rich and famous that was bought on the backs of mostly lower and middle class American homeowners. While millions of [...]
Has the Mass Homeowner Exodus Already Begun?
Filed under: You Walk Away NY Times: Mr. Paulson reiterated his opposition to proposals for a government bailout of subprime borrowers, which would also bail out many lenders. But he acknowledged that mortgage lenders and mortgage-servicing companies were not moving [...]
Feds prosecuting foreclosure scam of California man
A warning to all homeowners. Beware of scammers that are acting as foreclosure and loss mitigation consultants. TOPEKA, Kan.—An Israeli citizen living in California remains jailed until his federal trial over allegations he ran a foreclosure scam. Forty-one-year-old Isaac Yass [...]
Countrywide Is Sued Again by U.S. Overseer
The United States Trustee has filed a second lawsuit against the mortgage lender Countrywide Financial, accusing the company of abusing the bankruptcy process. In a complaint filed Saturday with the Federal Bankruptcy Court in Miami, the United States Trustee for [...]
Paulson Sees New Capital Markets Proposals in `Weeks’
March 3 (Bloomberg) — The Bush administration will release within weeks proposals that address deficiencies in the regulation and functioning of U.S. financial markets, Treasury Secretary Henry Paulson said. “We’re looking at the mortgage-origination process, we’re looking at the securitization [...]
The CRC Says, “Loan Modifications are Falling Short.” I Say, “Non-Profits are Not Helping Homeowners Correctly!”
Yes, you heard it right and I am going to stand by these comments and this post 110%. Non-profits serve a great need in helping homeowners work out their loans. But in their attempts to be of service, they are actually [...]
Federal overseer seeks sanctions against Countrywide
NEW YORK (Reuters) – A federal official appointed to oversee bankruptcy proceedings involving customers of Countrywide Financial Corp (CFC.N: Quote, Profile, Research) accused the largest U.S. mortgage lender of abusing the country’s bankruptcy system. According to papers filed on Thursday [...]
Principal reductions that restore equity for the homeowner may be more effective means of avoiding delinquency and foreclosure,” Bernanke said.
This blog was started a little over 8 months ago with one purpose. To promote massive loan modifications. My blog was actually the only website on the internet that disseminated information about loan modifications to the media and to consumers. 8 months [...]
Remarks by Secretary Henry M. Paulson, Jr. U.S. Housing and Mortgage Market Update before the National Association of Business Economists
March 3, 2008 US Treasury Press Release HP-856 Washington – Good morning. Thank you, Tom. It is a pleasure to be with you. Last week we had several significant data releases updating us on the status of the housing market [...]
ABC News is working on a story looking at the troubles the subprime mortgage industry and Countrywide Financial
Filed under: Countrywide Wrongful Termination Lawsuits & Countrywide Investigation As most of my readers know, I have been busy off line trying to spread the word about the abuses that people are suffering at the hands of many lenders and [...]
Countrywide Sued for Predatory Servicing by US Trustee
It is about time that these lawsuits start to hit our court system. I am not a big fan of court and everyone suing each other. But what needs to be done, needs to be done and it’s all for the [...]
Mortgage Scam May Have Driven This Doctor to Stab His Broker
Losing your home is very stressful. Losing tens of thousands of dollars to a mortgage scam can really drive a “sane” person over the edge. From ABC 12: GENESEE COUNTY (WJRT) — (02/25/08)–Several banks call it one of the largest [...]
Jane says no skiing and no surfing for Mozilo and the Countrywide gang
Two Countrywide trips go around the outside, around the outside, around the outside. Two Countrywide trips go around the outside, around the outside. Now, dosie doe Mozilo. Jane Wells CNBC – Countrywide Cancels Second Florida Event Friday night Countrywide informed me that [...]
Mozilo says, “Screw skiing. Let’s go surfing in Florida!”
The Countrywide Crock continues. I am beginning to think this that this is all really a big joke and Mozilo is going to come out April 1st and say “April Fools Day!” Jane Wells from CNBC calls these blog posts [...]
U.S. Office of the Comptroller of the Currency Orders 9 Banks to Provide Monthly Data on Their Home Loans
Finally these banks Will have some accountability for their actions. Up until now, it has been all public and media lip service. Puff and fluff press releases and merry Hope Now meetings no more. They will have to report the [...]
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