Choosing only 10 this year was next to impossible, but somehow we managed. Incidentally, we’d like to throw a special shout out to Angelo Mozilo of Countrywide for making this year’s list extra debacle-riffic. Thanks! – The Consumerist

It’s nice to know that our work at Loan Safe and Loan Workout has somewhat of an effect on the world. Most of the time our work has produced good results for the better of humanity like our online forum where we help people for free. Sometimes we have a bad effect on what we call the bad guys and I think it would be safe to say that we have cost Countrywide and Mozilo million$ in damaged PR dollars over the last couple years.

CORONA, Calif.: 25 November 2008 — In the current mortgage and foreclosure crisis, the data and feedback from actual homeowners in regards to outreach and customer service by mortgage servicers during the loan workout process is crucial. Improving communication, customer support and timely resolutions for struggling borrowers are critical components to easing the foreclosure crisis.

This independent survey of non-incentivized homeowners clearly shows that this is simply not happening according to LoanSafe.org’s Loan Safe Report - 2008 Mortgage Servicing Survey.

Homeowner Alert: “Typically, the scam started with a flyer sent to the homeowner and many of these mailers look as if they may come from their lender or even the government. But, they are coming from scammers.”

Many of these mortgage brokers, loan officers and real estate agents literally make me sick. Not all of them, but the vast majority does. I have to let this out because it’s really an epidemic of mammoth proportions and I am going to be the person that brings this to the public light because I have an obligation to.

What is the hottest business since subprime and over priced homes bought with unaffordable loans? Answer: Loan Modifications!!!! Everyone is doing it. Well, almost everyone.

Homeowner Relief? The Recent Countrywide Settlement in Context

A recent settlement between the California Attorney Generals office, joined by 10 additional states, resulted in one of the widest reaching predatory lending settlements in US history.

Under the landmark agreement, Countrywide Financial’s new owner, Bank

Millions of Americans are facing foreclosure and many have already suffered their foreclosure fates without ever even exploring options to save their homes. Most all homeowners just accept the fact that they have no other options but to leave and become a “renter” again.

What if you didn’t have to leave and all you had to do was “defend” your property rights by asking a simple question to who you may “think” is your lender. The question, “Mr. Lender, would you be so kind to produce the mortgage note that I signed when I bought the home with my original signature?”

Think of it like when you buy and sell a vehicle.