Comments on: House debates foreclosure rescue http://loanworkout.org/2008/05/house-debates-foreclosure-rescue/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Wed, 28 Mar 2012 18:33:33 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: sviokla.com blog » Blog Archive » From Pigeons to Oodle! Wal-Mart move to the new info advantage… http://loanworkout.org/2008/05/house-debates-foreclosure-rescue/#comment-5035 sviokla.com blog » Blog Archive » From Pigeons to Oodle! Wal-Mart move to the new info advantage… Thu, 05 Jun 2008 21:28:09 +0000 http://loanworkout.org/2008/05/05/house-debates-foreclosure-rescue/#comment-5035 [...] Litton Loan Servicing, which is a mortgage servicing company that services high yield loans.\'c2\~ They used Litton to buy Fremont General\'e2\'80\'99s loan servicing rights for $12.2 billion in loans as well...\'c2\~Not only will Goldman make money on servicing the high priced loans, but as importantly, by buying [...] [...] Litton Loan Servicing, which is a mortgage servicing company that services high yield loans.\’c2\~ They used Litton to buy Fremont General\’e2\’80\’99s loan servicing rights for $12.2 billion in loans as well…\’c2\~Not only will Goldman make money on servicing the high priced loans, but as importantly, by buying [...]

]]> By: Federal Loan Modification » Blog Archive » Ex- Countrywide Employee Reveals a Secret Ingredient in Mr. Mozillo\'e2\'80\'99s Original Toxic Loan Recipe http://loanworkout.org/2008/05/house-debates-foreclosure-rescue/#comment-5037 Federal Loan Modification » Blog Archive » Ex- Countrywide Employee Reveals a Secret Ingredient in Mr. Mozillo\'e2\'80\'99s Original Toxic Loan Recipe Wed, 14 May 2008 21:24:46 +0000 http://loanworkout.org/2008/05/05/house-debates-foreclosure-rescue/#comment-5037 [...] Litton Loan Servicing, an Affiliate of Goldman Sachs, Closes Deal on Fremont General\'e2\'80\'99s Servicing R... [...] [...] Litton Loan Servicing, an Affiliate of Goldman Sachs, Closes Deal on Fremont General\’e2\’80\’99s Servicing R… [...]

]]> By: Federal Loan Modification » Blog Archive » Litton Loan Servicing, an Affiliate of Goldman Sachs, Closes Deal on Fremont General\'e2\'80\'99s Servicing Rights http://loanworkout.org/2008/05/house-debates-foreclosure-rescue/#comment-5036 Federal Loan Modification » Blog Archive » Litton Loan Servicing, an Affiliate of Goldman Sachs, Closes Deal on Fremont General\'e2\'80\'99s Servicing Rights Wed, 14 May 2008 20:57:43 +0000 http://loanworkout.org/2008/05/05/house-debates-foreclosure-rescue/#comment-5036 [...] Litton Loan Servicing, an Affiliate of Goldman Sachs, Closes Deal on Fremont General\'e2\'80\'99s Servicing R... [...] [...] Litton Loan Servicing, an Affiliate of Goldman Sachs, Closes Deal on Fremont General\’e2\’80\’99s Servicing R… [...]

]]> By: WTF http://loanworkout.org/2008/05/house-debates-foreclosure-rescue/#comment-10822 WTF Thu, 08 May 2008 20:44:44 +0000 http://loanworkout.org/2008/05/05/house-debates-foreclosure-rescue/#comment-10822 Sign the petition to protest bailout of irresponsible lenders, banks, and homedebtors: http://www.angryrenter.com/ Sign the petition to protest bailout of irresponsible lenders, banks, and homedebtors:

http://www.angryrenter.com/

]]> By: lee http://loanworkout.org/2008/05/house-debates-foreclosure-rescue/#comment-10823 lee Tue, 06 May 2008 14:29:03 +0000 http://loanworkout.org/2008/05/05/house-debates-foreclosure-rescue/#comment-10823 the banks are not passing this help on to the consumer. The money being given to the banks is going in their pockets. I was approved for a modification 7 months ago.I never missed a payment. What is happening is my loan balance went up several thousand and the payments I make are sitting in a seperate account not being applied to my loan. There was pmi included in my loan. I think they are going to pocket my payments and collect on the mortgage insurance for the loan.The only way to do this is have fha oversee every loan modification. They are just finding new ways to screw us some more(the banks) the banks are not passing this help on to the consumer. The money being given to the banks is going in their pockets. I was approved for a modification 7 months ago.I never missed a payment. What is happening is my loan balance went up several thousand and the payments I make are sitting in a seperate account not being applied to my loan. There was pmi included in my loan. I think they are going to pocket my payments and collect on the mortgage insurance for the loan.The only way to do this is have fha oversee every loan modification. They are just finding new ways to screw us some more(the banks)

]]> By: mortgage guy http://loanworkout.org/2008/05/house-debates-foreclosure-rescue/#comment-10824 mortgage guy Mon, 05 May 2008 23:34:29 +0000 http://loanworkout.org/2008/05/05/house-debates-foreclosure-rescue/#comment-10824 These bailouts are severely flawed and should be avoided at all costs. The pain is widespread enough without further socializing the losses. Which in the long run will either raise taxes or further devalue our dollar. Subprime is subprime no matter what it is called or who originates it. This fact has clearly been overlooked by those pushing for wider fha involvement. They are essentially making the U.S. taxpayer the subprime lender of choice by allowing fha to get involved with these loans. For when the loans default, and they will, the taxpayer is left holding the bag. I say no to bailouts. Not for homeowners, lenders, banks and investment banks. No interference means we hit bottom quicker and heal quicker. Interference means we prolong and spread the pain and the day of reckoning will be all the more severe. These bailouts are severely flawed and should be avoided at all costs. The pain is widespread enough without further socializing the losses. Which in the long run will either raise taxes or further devalue our dollar.

Subprime is subprime no matter what it is called or who originates it. This fact has clearly been overlooked by those pushing for wider fha involvement. They are essentially making the U.S. taxpayer the subprime lender of choice by allowing fha to get involved with these loans.

For when the loans default, and they will, the taxpayer is left holding the bag.

I say no to bailouts. Not for homeowners, lenders, banks and investment banks. No interference means we hit bottom quicker and heal quicker. Interference means we prolong and spread the pain and the day of reckoning will be all the more severe.

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