Comments on: President Obama’s Foreclosure Prevention Plan Explained http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Wed, 23 May 2012 16:08:16 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: 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? http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-53289 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? Mon, 26 Sep 2011 09:16:01 +0000 http://loanworkout.org/?p=2927#comment-53289 The President needs to do more. I followed his advice and the bank still foreclosed our home. We were promised a HAMP modification but, received Ocwensin house modification in stead. I hope you are not giving Ocwen credit for helping. Who is watching the processing company? The President needs to do more. I followed his advice and the bank still foreclosed our home. We were promised a HAMP modification but, received Ocwensin house modification in stead. I hope you are not giving Ocwen credit for helping. Who is watching the processing company?

]]> By: April http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-22285 April Thu, 25 Nov 2010 20:35:05 +0000 http://loanworkout.org/?p=2927#comment-22285 My house is in modification at the moment, but yet there is a sale date on it. In spite of what the president says Bank of America is still foreclosing on poor peoples houses even during modification, I don't understand. President Obama put the stimulus plan in motion for the poorer class people like myself, but he never even inquire to see if the banks are doing what he had ordered them to do, banks like Bank of America (Countrywide Home Loans), this bank is the hardest and most vicious bank to help people, they need to be shut down. I never vote in my life and NEVER will, this president will never do a second term in office....people are loosing their home left right and side ways and what is he doing to prevent that, NOTHING. That is why their are so many people are taking their own lives because of this economy and I'll be next in line... this government sucks, I'd rather take my own life before losing my home, every savings I ever have are into my home like everybody else and for someone to just come in and take it over I'd rather kill myself. My house is in modification at the moment, but yet there is a sale date on it. In spite of what the president says Bank of America is still foreclosing on poor peoples houses even during modification, I don’t understand.
President Obama put the stimulus plan in motion for the poorer class people like myself, but he never even inquire to see if the banks are doing what he had ordered them to do, banks like Bank of America (Countrywide Home Loans), this bank is the hardest and most vicious bank to help people, they need to be shut down.
I never vote in my life and NEVER will, this president will never do a second term in office….people are loosing their home left right and side ways and what is he doing to prevent that, NOTHING. That is why their are so many people are taking their own lives because of this economy and I’ll be next in line… this government sucks, I’d rather take my own life before losing my home, every savings I ever have are into my home like everybody else and for someone to just come in and take it over I’d rather kill myself.

]]> By: N. Jones http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-22139 N. Jones Mon, 08 Nov 2010 00:31:44 +0000 http://loanworkout.org/?p=2927#comment-22139 Re: Nations Choice Financial Solutions, LLC - Major Scam Artists! My son paid Nations Choice a fee of $2100 to get a loan modification from their lender, Wells Fargo. They took his money upfront, screwed him around with more paperwork requests for months, then stopped taking calls from him. Wells Fargo loan modification process wasn't much better, they say a lot and do nothing so in the end he is losing his home. These companies are only looking for a profit at the expense of the ousted homeowner. If anyone knows of a class action suit against Nations Choice (Lake Worth, FL ) please let me know. James Adorna, Managing Partner Nations Choice Financial Solutions, LLC. states their company is commonly referred to as "The Borrower's Advocate!" What a joke!! Re: Nations Choice Financial Solutions, LLC – Major Scam Artists!
My son paid Nations Choice a fee of $2100 to get a loan modification from their lender, Wells Fargo. They took his money upfront, screwed him around with more paperwork requests for months, then stopped taking calls from him. Wells Fargo loan modification process wasn’t much better, they say a lot and do nothing so in the end he is losing his home. These companies are only looking for a profit at the expense of the ousted homeowner.

If anyone knows of a class action suit against Nations Choice (Lake Worth, FL ) please let me know. James Adorna, Managing Partner Nations Choice Financial Solutions, LLC. states their company is commonly referred to as “The Borrower’s Advocate!” What a joke!!

]]> By: Douglas http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-20213 Douglas Tue, 23 Mar 2010 17:24:31 +0000 http://loanworkout.org/?p=2927#comment-20213 Dear Sirs, I have applied for a modification from Ocwen Loan Servicing twice. It has been going on for a year, they wait till the bank statements are out of date and then send a message that they are too old to use and need new ones, I have sent them 5 times. In addition they are using a company in India to approve the modification. Why are we sending work over seas when many are out of work here. Who thought of putting US mortgage help funds in the hands of people from India to distribute back to Americans?? I have called to check the statis and they refuse to allow me to speak to the approval agent, now they have blocked my number from customer service. They have the President's money to help but will not process the loans. Is anybody listening??? Dear Sirs,
I have applied for a modification from Ocwen Loan Servicing twice. It has been going on for a year, they wait till the bank statements are out of date and then send a message that they are too old to use and need new ones, I have sent them 5 times. In addition they are using a company in India to approve the modification. Why are we sending work over seas when many are out of work here. Who thought of putting US mortgage help funds in the hands of people from India to distribute back to Americans??
I have called to check the statis and they refuse to allow me to speak to the approval agent, now they have blocked my number from customer service. They have the President’s money to help but will not process the loans.
Is anybody listening???

]]> By: Angie Hoyt http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-16212 Angie Hoyt Tue, 18 Aug 2009 00:38:53 +0000 http://loanworkout.org/?p=2927#comment-16212 I just found out today I have a Ginnie Mae loan! I have never heard of them before. I was always under the impression, FHA, was Fannie or Freddie. We are going to foreclose on our home. Our mortgage company has been keeping my hopes alive up until today. They told me that Ginnie Mae, may be on board really soon. So the guy heard. And to continue to call back every week to see if they are on board yet. WHY. WHY doesn't this Obama plan include Ginnie Mae. WHY? I have done nothing but cry all evening. I just found out today I have a Ginnie Mae loan! I have never heard of them before. I was always under the impression, FHA, was Fannie or Freddie.

We are going to foreclose on our home. Our mortgage company has been keeping my hopes alive up until today. They told me that Ginnie Mae, may be on board really soon. So the guy heard. And to continue to call back every week to see if they are on board yet.

WHY. WHY doesn’t this Obama plan include Ginnie Mae. WHY?
I have done nothing but cry all evening.

]]> By: Lucia Davison http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-15735 Lucia Davison Sat, 18 Jul 2009 17:19:23 +0000 http://loanworkout.org/?p=2927#comment-15735 DOES ANYONE HAVE ANY ANSWERS TO THESE QUESTIONS??? All I see is questions and no resolve?? I have a Ginnie Mae loan and need help. What are we other Americans supposed to do? DOES ANYONE HAVE ANY ANSWERS TO THESE QUESTIONS??? All I see is questions and no resolve?? I have a Ginnie Mae loan and need help. What are we other Americans supposed to do?

]]> By: ” TOO-BIG-TO-FAIL & THREE NARRATIVES,” by Stats Guy, www. baselinescenario. com. Excellent review of post-Lehman failure six months ago. Worth the time. « Want Less Blog http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-14352 ” TOO-BIG-TO-FAIL & THREE NARRATIVES,” by Stats Guy, www. baselinescenario. com. Excellent review of post-Lehman failure six months ago. Worth the time. « Want Less Blog Mon, 27 Apr 2009 06:56:56 +0000 http://loanworkout.org/?p=2927#comment-14352 [...] And finally, systemic risk is massively intensified by the complexity of financial instruments (CDOs, CDSs) which allegedly increase liquidity and volatility (evidence for this is mixed; the VIX volatility index declined through 2006even as CDO usage intensified), exacerbate systemic linkages (IMF report, Figures 2.1 and 2.6), and decouple the financing/servicing aspects of loans that are usually married together in vertically integrated banks (both creating information barriers, and making loan restructuring more difficult). [...] [...] And finally, systemic risk is massively intensified by the complexity of financial instruments (CDOs, CDSs) which allegedly increase liquidity and volatility (evidence for this is mixed; the VIX volatility index declined through 2006even as CDO usage intensified), exacerbate systemic linkages (IMF report, Figures 2.1 and 2.6), and decouple the financing/servicing aspects of loans that are usually married together in vertically integrated banks (both creating information barriers, and making loan restructuring more difficult). [...]

]]> By: Guest Post: Too-Big-To-Fail and Three Other Narratives « The Baseline Scenario http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-14340 Guest Post: Too-Big-To-Fail and Three Other Narratives « The Baseline Scenario Sun, 26 Apr 2009 18:58:23 +0000 http://loanworkout.org/?p=2927#comment-14340 [...] And finally, systemic risk is massively intensified by the complexity of financial instruments (CDOs, CDSs) which allegedly increase liquidity and volatility (evidence for this is mixed; the VIX volatility index declined through 2006 even as CDO usage intensified), exacerbate systemic linkages (IMF report, Figures 2.1 and 2.6), and decouple the financing/servicing aspects of loans that are usually married together in vertically integrated banks (both creating information barriers, and making loan restructuring more difficult). [...] [...] And finally, systemic risk is massively intensified by the complexity of financial instruments (CDOs, CDSs) which allegedly increase liquidity and volatility (evidence for this is mixed; the VIX volatility index declined through 2006 even as CDO usage intensified), exacerbate systemic linkages (IMF report, Figures 2.1 and 2.6), and decouple the financing/servicing aspects of loans that are usually married together in vertically integrated banks (both creating information barriers, and making loan restructuring more difficult). [...]

]]> By: desperoto http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-13779 desperoto Tue, 07 Apr 2009 23:14:39 +0000 http://loanworkout.org/?p=2927#comment-13779 TOO MARYANN Maryann says: "March 3, 2009 at 8:26 amHi, I have owned my home for 12 years. My name is the only name on the mortgage, I am single with a child. I lost my job in March of 2008. I have been living off of unemployment for the past year, trying to find something close to what I was earning a year ago and have had no luck! I currently have been late on my mortgage payments for the past 4 months. I pay them; however, they are a month late, November I paid in December, December’s was in January, etc. My mortgage is currently $105,000 as I refinanced several years ago to get out of debt. Would this plan help me in anyway? and if so, please tell me how I can contact/call someone for help. Thank you" MARYANN DID YOU GET ANY RESOLUTION TO THIS? I AM IN THE EXACT SAME SITUATION AND I CAN NOT REFINANCE CAUSE THEY WANT TO SEE 12 MONTHS OF ON TIME, IV BEEN HAVING TO DO THE Nov in Dec, Dec in Jan etc etc FOR A WHILE. ANY LUCK? ADVICE? IM WITH COUNTRYWIDE TOO AND THEY JUST KEPT SAYING NO! :( TOO MARYANN

Maryann says: “March 3, 2009 at 8:26 amHi,
I have owned my home for 12 years. My name is the only name on the mortgage, I am single with a child. I lost my job in March of 2008. I have been living off of unemployment for the past year, trying to find something close to what I was earning a year ago and have had no luck! I currently have been late on my mortgage payments for the past 4 months. I pay them; however, they are a month late, November I paid in December, December’s was in January, etc. My mortgage is currently $105,000 as I refinanced several years ago to get out of debt. Would this plan help me in anyway? and if so, please tell me how I can contact/call someone for help.
Thank you”

MARYANN DID YOU GET ANY RESOLUTION TO THIS? I AM IN THE EXACT SAME SITUATION AND I CAN NOT REFINANCE CAUSE THEY WANT TO SEE 12 MONTHS OF ON TIME, IV BEEN HAVING TO DO THE Nov in Dec, Dec in Jan etc etc FOR A WHILE. ANY LUCK? ADVICE? IM WITH COUNTRYWIDE TOO AND THEY JUST KEPT SAYING NO! :(

]]> By: k. ward http://loanworkout.org/2009/02/president-obama%e2%80%99s-foreclosure-prevention-plan-explained/#comment-13599 k. ward Fri, 03 Apr 2009 01:16:22 +0000 http://loanworkout.org/?p=2927#comment-13599 Is ginny mae part of the presidents plan? and what do i need to do? Wife recently lost job. Current on payments Is ginny mae part of the presidents plan? and what do i need to do? Wife recently lost job. Current on payments

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