Posts tagged as:

Modify Loan

Cramdown Safe Harbor Protection for Servicers Under Attack

by Moe Bedard

By Moe Bedard
It seems that Main Street isn’t the only important party angered by safe harbor clauses in the pending cramdown bill, mortgage investors are agitated as well. While Main Street looks at safe harbor clauses as an appeasement to banks to allow cramdowns under extreme circumstances, mortgage investors are also asking themselves…”Hey, wait a [...]

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Bush Administration Balking at Helping Main Street Homeowners

by Moe Bedard

The Bush Administration is balking at helping Main Street homeowners after several bail outs on Wall Street in a New York second. Apparently the administration’s dilemma is concerns over a loan modification program that may help as many as 3 million homeowners through $500 billion of home mortgage guarantees.

The players in the negotiations include [...]

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The issuing power of money should be taken from the bankers and restored to Congress and the people to whom it belongs

by Moe Bedard

Thomas Jefferson was the third President of the United States (1801–1809), the principal author of the Declaration of Independence :
BANK (NATIONAL) (THREAT TO LIBERTY)
If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will [...]

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Countrywide Borrow …feedback on your article…

by Moe Bedard

Email Contributed by Brandy
Hi Moe,
 
Your article Countrywide Hope Department Blues dated Aug 22nd is so true. I’ve been on the merry-go-round for nearly three months now and we have finally come to a reasonable loan modification, but we’re still hashing out some details. Like you suggested, I refused to accept terms that I knew I [...]

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House Panel Approves Banruptcy Bill That Would Allow Judges to Modify Mortgages

by Moe Bedard

The U.S. House Judiciary approved a new bankruptcy bill Wednesday that would enable homeowners to modify their mortgages in bankruptcy court. The bill that has been designed to keep homeowners in their homes has had it’s share of controversy and opposition.
The bill would change the lender friendly and pro creditor stance to amend part of the nation’s bankruptcy [...]

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Mozilo Speaks – “There will always be people that will game the system. That’s how we got into the problem we’re in today”

by Moe Bedard

By Moe 
Did anyone see the interview with Angelo Mozilo, Countrywide Financial chairman/CEO and CNBC’s Maria Bartiromo at the National Housing Forum? If you haven’t seen it and you are a “serious” mortgage blogger or one of the “new” mortgage band wagon reporters, then you need to take the time and listen to this interview 2 or [...]

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Inside a Real Investor Discussion About Loan Modifications

by Moe Bedard

This post is courtesy of http://accruedint.blogspot.com . Thanks!

Anyone who follows the market and the complexities of our financial mess should be interested in what investors feel about loan modifications because essentially, it is the investors who have the final say in all of this. This is a behind the scenes look at what they are [...]

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Investors Are Going to Lose it All if They Don’ Agree to Modify Loans

by Moe Bedard

Homeowners can’t refinance. There are no mortgage products to cure their diseased loan. Vanished. Never to be seen again. Foreclosures are engulfing neighborhoods everywhere. Values are plummeting faster than your favorite housing stock. Employment is down for the first time in years. People are losing their jobs left and right.
Loans are adjusting everywhere like the plague and [...]

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Wall Street Needs to Modify Their Attitude Towards Loan Modifications

by Moe Bedard

We are now in the midst of one of the biggest cluster f*%! that this great country has ever been entangled in. Wall Street movers and shakers are practicing their “everything will be alright” smiles to mask their frightened reality and shaking knees. They say, “Yeah, the mortgage market is crap, I know you lost your [...]

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Can’t Refinance? How About a Loan Modification?

by Moe Bedard

It’s no secret the people across the nation are stuck in their ARM mortgages and can’t refinance. I talk and converse with these people every day. Many are just trying to avoid foreclosure and save their home. But many are losing the battle daily and the need mortgage help right away..
There has been a lot [...]

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