About the Author
Moe Bedard is a leading expert and trusted authority in regards to loan workouts and loan modifications. Moe is the founder and President of Loan Safe Solutions, LoanSafe.org and the main contributor to LoanWorkout.org. He has blogged on this subject more than any other person on earth and has personally been involved in over 300 loan workouts and mortgage audits.
Lenders Pressed to Hurry Help - Treasury Officials Discuss Difficulties With Mortgage Firms
Treasury officials met with about 10 leading mortgage firms yesterday to figure out why they have not helped more distressed homeowners, pressing the lenders to do better.
At the closed-door session, Treasury staff members reviewed legal and financial issues identified by the industry as difficulties in addressing the foreclosure crisis, including how to modify mortgages when homeowners have two loans. The meeting lasted longer than the six hours scheduled for it.
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Did they change the terms of your loan to an arm? This is too risky 
How about also arresting this Countrywide employee, Cheaters Among Us, Sue Barry, http://reno.broowaha.com/article.php?id=3415.Sue Barry has been a loan officer and ... 
May 14th, 2008 at 3:56 pm
[...] Lenders Pressed to Hurry Help - Treasury Officials Discuss Difficulties With Mortgage Firms [...]
May 14th, 2008 at 5:06 pm
[...] Lenders Pressed to Hurry Help - Treasury Officials Discuss Difficulties With Mortgage Firms [...]
May 24th, 2008 at 2:58 am
I have had a very difficult time. After fixing mold in my condo I took the equity and purchased a home three years ago. The realtor forged my escrow docs and we have been in litigation for fraud breech of contract and non disclosure for three years. I was three months behind in mortgage payments due to the cost of legal fees, mold remediation (realtor conspired with inspector she insisted to hire) and was not safe and 40 grand in undisclosed code violations. she was the dual agent for the guy in her office that was the agent seller owner and builder of the home. long story short. I have renters now in the house and live with my family. I can cover the mortgage that way only but am behind. they are calling 20 plus times a day and put it into forclosure it is in CA. I have 450 grand invested in the home which is everything I had. They promised on tape to renegotiate the loan if I made a good faith payment with an extra 40 a month. I did so. no new loan docs. april comes they claim they are on the way. I send another nearly three grand. two weeks ago they call the note saying if I dont cure the 19 grand default (4 grand in fees) that they will foreclose. I asked about the renegotiation and they told me that the rules had changed. they milked me for an extra 6 grand. what do I do? ready to lose it all in CA
May 26th, 2008 at 4:47 pm
I am a Realtor in Arizona where the foreclosure rate is over the top. We brought tons and tons of business to Countrywide Loans. How do they recipercate? Treat me like crap and I myself am in foreclosure but do they care NO. I can’t believe how they are treating my poor buyers who are in the same shape I am. They call me crying and I cry with them. Can’t the goverment do something to help us with Countrywide? It is digusting how that CEO talked he should pay back myself and poor buyers out of his salary. I hope he sleeps good at night. I sure don’t.