Posts tagged as:

angelo mozillo

GUESS THIS MEANS THAT WE HAVE TO BE READY TO LOSE OUR HOME BEFORE WE CAN GET ANY HELP.

by Moe Bedard

Submitted by Reader:

5/22/2008
To whom it may concern:
 
The letter sent below was responded too by  ACCOUNT MANAGER IN THE WORK OUT DEPARTMENT NAMED  SARAH, WHO ADVISED ME THAT THERE IS NOTHING THAT CAN BE DONE UNTIL I AM DELINQUENT ON OUR PAYMENTS. THE GUIDE LINES THEY ARE GIVEN BY THERE LENDERS ONLY COVER  PEOPLE WHO OUR [...]

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A Copy Of Senator Schumer’s Letter to the Federal Home Loan Bank of Atlanta

by Moe Bedard

November 26, 2007
Ronald A. Rosenfeld
Chairman
Federal Housing Finance Board
1625 I Street NW
Washington, DC 20006
 
Dear Chairman Rosenfeld:
 

I write to express my serious concern over the lending practices of the Federal Home Loan Bank of Atlanta, specifically in regard to the significant volume of advances made to Countrywide Bank. I am concerned that the loans being pledged by [...]

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Countrywide’s New Loan Officer Compensation Plan – McDonald’s is Looking Better Every Day

by Moe Bedard

By Moe Bedard
From Alan a NOW ex-Countrywide employee-

HERE IS THE CHL COMPENSATION THAT WAS JUST PUT IN PLACE EFFECTIVE 12/01/2007
THE MEANS THAT A LOAN ORIGIONATOR COULD GET A HEFTY WAGE INCREASE BY GOING TO WORK AT WALMART. I QUIT THE DAY THIS WAS ANNOUNCED.
Units Funded
Units Payout (Bps) BPS = 12 BPS = .012%
0 – 2 [...]

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Fast & Sleazy – Schumer is on Mozilo’s A$$ Big Time

by Moe Bedard

By Moe
The honorable Senator Charles Schumer has a bone to pick with Angelo Mozilo and Countrywide Financial. It appears that he isn’t buying these BS press releases that have been coming out over the last couple months or so and he isn’t going to roll over and play Mr. nice senator–especially when this company was [...]

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