Comments on: Angry Consumers Flood Federal Reserve Board with Complaints

By: Marilyn Howell

Marilyn Howell — Fri, 11 Dec 2009 06:05:27 +0000

We have applied for a Loan Modification with Bank of America/BAC. We have never made a late payment but need help now to survive. All of our documents for the Loan Mod have been filed, but no one has called or sent papers saying we have been accepted for the modification.
Then, our regular Nov.’09 payment was sent to BAC on time. BAC received it on Nov., 5,2009 , but held it and didn’t post it until the 19th and then they charged a $192.92 late charge. Although, BAC tells me when I call their Home Retention Dept., that our 3 month trial would begin Dec., 1,2009 with modified payments. I can’t get anything in writing from from BAC actually stating that. So if I send a modified amount for a payment, BAC may do what they did with my Nov. ‘09 payment and put our mortgage into default.
They tell me during phone calls: “your next payment for Dec. ‘09 starts your trial modified payments”. I’m afraid to sent a modified payment after what BAC did to our Nov. payment for fear that BAC will put my mortgage into default . We’ve never made a late payment until BAC caused a Nov payment to be late by not posting it on time. Now, I have received a collection call and been sent a notice of further action if that late payment isn’t paid by Dec. 16, 2009. I’m sure this is criminal action by BAC. Is anyone else experiencing such experiences with BAC??? I don’t know what to do. We seriously need our Modification, but BAC is actually sabbotaging our efforts to obtain one.

By: stop it

stop it — Wed, 29 Apr 2009 07:47:31 +0000

i wish the govt would stop handing out cheap money why bother to save if uncoe sam will bail me out

By: c. mumper

c. mumper — Thu, 12 Mar 2009 16:49:10 +0000

my loan company (wells fargo) screwed me a 30 unfixed home loan at closing.i was given a check for a southern bell bill for $250.00( i.d theft) only to find out later they ignored the bad credit charges to get the $42,000.00 down payment. then when i went to refinance after 2 yrs. i was told about the bad credit cards that were there when the loan was made. and with the bad credit now i’m screwed for about 5 yrs. i was told by wells fargo to wait it out. my equitity is twice the amount of the money owed for the home. i will sell my home if i can’t get help soon somewhere. a victum of identity theft

By: moneylender

moneylender — Thu, 03 Jul 2008 21:09:29 +0000

We are living in a totalitarian tripartite dictatorship, viz Elected, Press and financial.with varying degrees in various countriesThe last sustaining the two former, due to the fact that money is created out of NOTHING as an interest bearing DEBT enslaving us all from cradle to grave.Any other legislation is only cosmetic, giving a semblance of democracy.What is needed is a basic paradigm shift in the Noe classical economics which governed by interest bearing DEBT, get the money lenders out of the market, get the elected government to issue the money towards productive capacity as interest free loans, to be repaid and debt cancelled, hence counter inflationaryThen you will have Free and fair markets.Interest is not necessary or inevitable