Comments on: A Message to Lenders From California: Offer Loan Modifications or Else!

By: Home Refinance Loan

Home Refinance Loan — Thu, 19 Nov 2009 02:05:35 +0000

Home Refinance Loan…

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By: Anonymous

Anonymous — Wed, 24 Jun 2009 18:48:00 +0000

This new law is a joke. Check out the list of entities exempted from the law. It’s basically a list of every single bank.

By: c in cerritos

c in cerritos — Thu, 26 Mar 2009 20:41:05 +0000

“Allows lenders to avoid the moratorium if they have a comprehensive loan modification program based, in part, on criteria set forth by the Federal Deposit Insurance Corporation. Loans may be modified several ways, including interest rate reductions, extension of the loan term, or principal reduction.”

Countrywide has a program and supposedly they are following the guidelines, so I guess it will just be business as usual for them.

This law seems like nothing more than lip service.

By: c in cerritos

c in cerritos — Tue, 24 Mar 2009 00:48:32 +0000

I’m in california and countrywide says they will begin foreclosure in April. They will not do a modification for us because Wells Fargo is the investor. WTFE.

By: Ja8869

Ja8869 — Tue, 10 Mar 2009 16:31:49 +0000

I am glad that California is making them do this. My question is that it sounds great but how can they monitor all this?

Sounds like a bunch of BS because lenders and servicers are doing what ther want anyway!!!!!!!