Archive for Moe Bedard
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Should the FDIC & Sheila Bair be in Charge of Cleaning Up the Toxic Mortgage Crisis?
This blog and my life has been dedicated to following what lenders, servicers and our government have done and are doing to assist the millions of Americans that are facing foreclosure as a result of being sold defective credit instruments. AKA subprime and ALT A mortgages.
In my hundreds of hours of research and work, only one agency [...]
Popularity: 1% [?]
The Social Impact of Foreclosures: Homelessness, Crime & Death
For millions, the American Dream has become the “American Nightmare”. Many people have lost their jobs, their mortgages have become cancerous and they can no longer pay the loan on their overvalued homes.
The social impact of these foreclosures is reaching every “dark” nook and cranny in almost every city in the country. Homelessness, domestic abuse, crime, violence and instability are [...]
Popularity: 2% [?]
Fannie Mae & Freddie Mac Failure: The Lies, the Cover Ups and the Making of a Disaster
Wall Street Journal October 4, 2004:
Fannie Mae isn’t an ordinary company and this isn’t a run-of-the-mill accounting scandal. The U.S. government had no financial stake in the failure of Enron or WorldCom. But because of Fannie’s implicit subsidy from the federal government, taxpayers are on the hook if its capital cushion is insufficient to absorb [...]
Popularity: 4% [?]
California Senate Foreclosure Bill 1137 Q & A’s
TEN REALITY QUESTIONS & ANSWERS ON CALIFORNIA SENATE BILL 1137
Ronald D. Roup, Esq.Legislative Chairperson UNITED TRUSTEES ASSOCIATION
Q1. - When does this bill take effect and become law?
A1.- SB 1137 passed the California Senate and Assembly as urgency legislation to take effectupon execution by Governor Schwarzenegger. The Governor signed the bill on July 8,2008 and the [...]
Popularity: 4% [?]
Countrywide pact challenged by Justice Dept
NEW YORK (Reuters) - The U.S. Justice Department has challenged an agreement that Countrywide Financial Corp reached in a bankruptcy court in Pittsburgh, saying it would make it harder to investigate and sue the mortgage lending giant.
Last month, Countrywide agreed to pay $325,000 to the Chapter 13 bankruptcy trustee in Pittsburgh, Ronda Winnecour, to cover [...]
Popularity: 5% [?]
The Enronization of America & the Economic Cartel
Kenneth Lay, CEO of Enron is lead in handcuffs after Lay was found guilty on all six counts of conspiracy and fraud by a jury of eight women and four men. In a separate bench trial, Judge Lake ruled Lay was guilty of four counts of fraud and false statements. Will we see similar indictments [...]
Popularity: 6% [?]
Foreclosure Prize Fighters: Obama vs. Mccain
Obama wants the government to step in to help homeowners facing foreclosure. McCain has gradually broadened his position to support government intervention, but wants stricter requirements for borrowers seeking aid.
Obama’s plan to fight foreclosures:
Give homeowners the chance to have their loan modified, provided they meet certain criteria.
Popularity: 5% [?]
Popularity: 5% [?]
New California Foreclosure Law Says Servicers Must Exhaust All Avenues in the Loan Modification Process
You can literally hear the clock tick when facing a looming and ominous foreclosure sale date. Tick tock goes the clock and the time just flies by. Now top that off with stress, lack of money, paralysis by analysis and we have a recipe for another lost home to foreclosure.
American homeowners need to know that [...]
Popularity: 7% [?]
The Housing Circus: American Tax Payers Bail Out Fannie Mae & Freddie Mac
Please watch this 1 minute video on the truth behind the Freddie Mac and Fannie Mac bail out.
Housing Circus: Why Should You Bail Out Fannie Mae & Freddie Mac?
Popularity: 5% [?]
Popularity: 5% [?]
I must confess: I am a renter and my landlord is being foreclosed on
I have now officially become a “victim” of the foreclosure crisis. I don’t own a home, I do not have a mortgage and the ironic part of this is that my job actually entails assisting borrowers online that are in foreclosure.
Never would I have thought that I would be caught with my family in a home that is soon [...]
Popularity: 7% [?]
Thousands of Homeowners Plan to Storm Capitol Hill to Save the American Dream
The line of eager people was wrapped around the Capitol Hilton in downtown Washington D.C. as my crew and I unloaded our gear out of our taxi. The crowd was thick and deep as a sea of yellow shirts offered smiles and encouragement to the children as they waited patiently with their mothers and fathers. [...]
Popularity: 5% [?]
Loan Safe Goes to Washington with NACA to Save the Dream of Homeownership
I am proud to announce that the Loan Safe crew will be heading to Washington D.C. this evening to assist NACA and struggling homeowners in this historic 5-day event .
Yesterday evening I had the privilege to speak with Bruce Marks, Executive Director of Neighborhood Assistance Corporation of America (NACA), as he was unloading over 300 lap [...]
Popularity: 5% [?]
Silence of the Lenders: Is Anyone Listening?
Loan Safe & Moe Bedard in the New York Times By Gretchen Morgenson
DAN A. BAILEY JR. was desperate when he sat down on May 19 to send an e-mail message to his mortgage lender, the Countrywide Financial Corporation, pleading, yet again, for help.
Behind on his payments and fearful of losing his home of 16 years [...]
Popularity: 13% [?]
Loan Modification Myths and Facts
There are a lot of myths surrounding lenders and servicers as to what they will and will not do during the loan modification process.
The confusion and inaccurate data that is propagating the internet and the news is based on ill-informed bloggers or journalists who really have no idea what is going on in the loss mitigation arena. This [...]
Popularity: 20% [?]
Loan Safe Testimonial - 131 Homes Saved to Date With One Website
I am proud to announce that 131 families have received a loan modification, and 131 homes have been saved with our “Not for Profit: forum at LoanSafe.org. 131 people who now have mortgage relief, can focus on living instead of worrying about their loans.
Popularity: 3% [?]
Popularity: 3% [?]
Boiler Room 2.0 - Investors Press Lenders on Bad Loans
Two bad loans go around the outside, around the outside, around the outside……………………
Two fraudulent loans go around the outside, around the outside, around the outside. Now, dosie doe your investor.
Looks like investors have finally got hip to the fact that they bought a bunch of fools gold on Wall Street.
Imagine that? These gigantic investment brokerages [...]
Popularity: 6% [?]
Your Loan Documents May be the Secret Key to Obtaining a Loan Modification
I have studied and written about the subject of loan modifications probably more than anyone in the world. My studies and writing have opened my eyes to how the loss mitigation process works and what a homeowner needs to do to get a loan modification with their lender or servicer.
What started out has just a blog to help [...]
Popularity: 7% [?]
Welcome to LoanWorkout.org
LoanWorkout.org is the only blog on the internet dedicated to following what lenders and servicers are “really” doing in regards to their loan modification and loss mitigation efforts.
Are you having trouble with your home loan? Has your mortgage adjusted and you cannot afford the new payment? Were you placed into a bad loan and you [...]
Popularity: 1% [?]
Need Help With Your Mortgage or a Loan Modification?
By Moe Bedard
If you have been looking for mortgage help or assistance with a loan modification, then you have came to the right website for safe and accurate information. This blog and our forum at LoanSafe.org was created for the sole purpose of assisting homeowners who are struggling with their mortgages to find the “real deal” [...]
Popularity: 39% [?]
Blogger Helps Save 19 Homeowners From Foreclosure
By Moe Bedard - I don’t really like to toot my own horn, but sometimes it is necessary to get the word out there. I am proud to announce my website at www.LoanSafe.org has helped 19 homeowners save their homes from foreclosure since it inception in August of 2007. It is quite an accomplishment [...]
Popularity: 1% [?]
Stop Foreclosure and Learn to Fight Back Against Your Lender
Please join our one of a kind homeowner’s forum to help you stop foreclosure and where you can ask questions and get answers in this unique and interactive community. This forum was created to assist people in an anonymous, yet open question format. Meet other homeowners that are trying to get a loan modification and are going through [...]
Popularity: 5% [?]
Safe Loan Modification Service
888-432-6634
M-F 8am-7pm PST
Open Saturdays 9am-3pm
Law Office of Gregory A. Paiva & Associates
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- JacMac … you are not ignorant … you got caught up in the “shell game” that was being promoted by several lenders to mortgage brokers (354)
- Countrywide's Mozilo Hushes Homeowner With an Unaffordable Loan Modification (208)
- Deutsche Bank Foreclosures Tossed Out of Ohio Federal Court - "They Own Nothing!" (185)
- Talk to Litton to Modify Your Loan Today (164)
- Ex- Countrywide Employee Reveals a Secret Ingredient in Mr. Mozillo's Original Toxic Loan Recipe (158)
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Did they change the terms of your loan to an arm? This is too risky
catan785 | 13Aug08 | More -
catan785 | 13Aug08 | More -
How about also arresting this Countrywide employee, Cheaters Among Us, Sue Barry, http://reno.broowaha.com/article.php?id=3415.Sue Barry has been a loan officer and ...
Edward | 13Aug08 | More
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