caldwell02
LoanSafe Member
I signed the letter re: Ken Lewis and am forwarding it to friends.
PLEASE ONLY POST - Articles, Official Letters, Testimony, Rules and Regs. Moe - perhaps a Sticky is
- Thread starter THANKS2U
- Start date
BadBobMo
LoanSafe Member
Treasury to Announce New Program to Avoid Foreclosure
http://www.housingwire.com/2009/10/12/treasury-to-announce-new-program-to-avoid-foreclosure/
It's not write-downs but might help other such cash for keys and short sales.
Keep Fighting
http://www.housingwire.com/2009/10/12/treasury-to-announce-new-program-to-avoid-foreclosure/
It's not write-downs but might help other such cash for keys and short sales.
Keep Fighting
Not sure how I missed this...
https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0907.pdf
https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0907.pdf
N
nativelasvegan
Guest
YOU ARE THE BOMB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! How could I miss this? I will fine tooth comb it tomorrow. Post the highlights. YOU ARE ABSOLUTELY, UNBELIEVABLY AWESOME !!!!!!!!!!!!!!!!!!!!!!!!!!!!
Wow...thanks! I like you, too!YOU ARE THE BOMB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! How could I miss this? I will fine tooth comb it tomorrow. Post the highlights. YOU ARE ABSOLUTELY, UNBELIEVABLY AWESOME !!!!!!!!!!!!!!!!!!!!!!!!!!!!
caldwell02
LoanSafe Member
ama and native .... hm..... I'm thinking some leadership is afoot....
More news to be disgusted by...
Geithner Aides Reaped Millions Working for Banks, Hedge Funds - Bloomberg.com
Geithner Aides Reaped Millions Working for Banks, Hedge Funds - Bloomberg.com
THANKS2U
LoanSafe Member
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Ama - You always come through with something NEW Thank you
Disgusting Yes - But also more news to thank you for, as the article is TRANSPARENTLY EXPOSING these crooks, for all of us here on Loansafe to see and for anyone in the Presdiential Administartion to see.
Also, MORE AMMUNITION for our fight against these CRIMINALS.
More support for us in realizing we are NOT paranoid...
We are NOT imagining that the system and banks are against "We the People." They FRICKIN ARE AGAINST US & AGAINST DEMOCRACY !
The more truth that is exposed, the more we see the truthful disgusting facts of the Banking Institutions and of Exactly HOW our own governement is INFILTRATED by these poisonous Virus causing individuals / these "AIDES" and other Self Serving opportunistic criminals and how THEY are Secretly in bed with Wall street and Bank of America and all the other Banking Institutions.
These Toxic Virus, United States Treasury "Aides," Cozeningly Cuddle and Criminally Collude with Wall Street and the Banking Institutions, instigating their next orgasmic atrocity and perpetrations against the American People and especially against us distressed and Defrauded Borrowers.
These Criminals purposely infect us all using no protection..
They intentionally set up criminally Sadistic scenarios, where they set us up, so they can FINANCIALLY RAPE US and they make sure we have no protection whatsoever and then they leave us to die and wither away.
They all should be in jail for Finacial Rape & Psychological Rape, with premeditated intent to commit financial murder, adding more jail time..
http://newsbusters.org/blogs/jeff-poor/2009/10/07/michael-moore-foreclosed-homeowners-rape-victims
"Financial Rape Happens Everyday" - This Book Author - Carolyn Warren, worked for a year at COUNTRYWIDE..
Michelle Singletary - Don't Fall for the Mortgage Rip-Offs - washingtonpost.com
Where are the Financial Rape laws ?
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Just came across another article...
Bank of America to Target More Mortgage Share, Desoer Says - Bloomberg.com
I particularly like this excerpt:
Bank of America, also the largest mortgage servicer, ranked among the worst performers when the U.S. in August released figures on debt being reworked under the Obama administration’s anti-foreclosure program.
Desoer blamed a decision to wait to build “net present value” models -- which measure whether lenders and bond investors would be better served by foreclosures -- into its technology until the government released a standard model.
Finding Paystubs
“You can look back and say, right decision or wrong decision,” she said. “It was a different decision” than made by other lenders that may be now creating quicker, more definitive approvals, and later monthly performance reports are proving its “ability to ramp” up in the program.
Now, servicers face challenges in turning 500,000 trial modifications granted into permanent ones with steps including document collection, Desoer said. Borrowers’ responses are part of the problem, she said.
“I listen to these calls every week, and we’ve got somebody talking on the phone while they’ve got four kids in the background, because they’ve got their sister and her kids living with them now,” Desoer said. “People’s lives are in extreme stress.”
For these homeowners “finding my last three paystubs is a bigger challenge than” for individuals without the distress that leads them to seek modifications, she said.
“These are not households who have budgeted, who have shoeboxes filled with information waiting to fax us to get it done,” Desoer said.
Managing Stress
The bank has shifted about 385 loan officers to work on the program as it seeks to get completed paperwork by treating the process as more akin to new loans, she said. Some fallout will represent borrowers who won’t sign certain documents because they applied for aid that they knew they didn’t need, she said.
“What keeps me up at night is it’s an already complex business that was never built anticipating the economic stress that the U.S. consumer is under,” she said. “So you have that” plus developments related to the modification effort as other regulations are transformed in response to the mortgage collapse. Bank of America must be ready to address those issues while anticipating future ones, she said.
Comments anyone?
Bank of America to Target More Mortgage Share, Desoer Says - Bloomberg.com
I particularly like this excerpt:
Bank of America, also the largest mortgage servicer, ranked among the worst performers when the U.S. in August released figures on debt being reworked under the Obama administration’s anti-foreclosure program.
Desoer blamed a decision to wait to build “net present value” models -- which measure whether lenders and bond investors would be better served by foreclosures -- into its technology until the government released a standard model.
Finding Paystubs
“You can look back and say, right decision or wrong decision,” she said. “It was a different decision” than made by other lenders that may be now creating quicker, more definitive approvals, and later monthly performance reports are proving its “ability to ramp” up in the program.
Now, servicers face challenges in turning 500,000 trial modifications granted into permanent ones with steps including document collection, Desoer said. Borrowers’ responses are part of the problem, she said.
“I listen to these calls every week, and we’ve got somebody talking on the phone while they’ve got four kids in the background, because they’ve got their sister and her kids living with them now,” Desoer said. “People’s lives are in extreme stress.”
For these homeowners “finding my last three paystubs is a bigger challenge than” for individuals without the distress that leads them to seek modifications, she said.
“These are not households who have budgeted, who have shoeboxes filled with information waiting to fax us to get it done,” Desoer said.
Managing Stress
The bank has shifted about 385 loan officers to work on the program as it seeks to get completed paperwork by treating the process as more akin to new loans, she said. Some fallout will represent borrowers who won’t sign certain documents because they applied for aid that they knew they didn’t need, she said.
“What keeps me up at night is it’s an already complex business that was never built anticipating the economic stress that the U.S. consumer is under,” she said. “So you have that” plus developments related to the modification effort as other regulations are transformed in response to the mortgage collapse. Bank of America must be ready to address those issues while anticipating future ones, she said.
Comments anyone?
SillyWorld
LoanSafe Member
My BOA Loan had just sent me a letter today informing about interest will be a variable as of 02/10/2009 as of now was suppose to be fixed for life
SillyWorld
LoanSafe Member
oops yea I mean 2010, was just a loan
THANKS2U
LoanSafe Member
That is nearly the worst, most shameful, article I have seen. Again, I would like to know where BofA is buying their crack.
Barbara, please. It is time for significant change. We want our homes and have demonstrated our willingness to negotiate a FAIR mortgage. The fraud riddled throughout this mortgage situation is blatently apparent. We will organize, and we are going to file a class action suit. I just hope you don't skip the country.
Your remarks are criminal and unjust. Shame on you.
Now, I have an article to post, I looked for it last night and was not surprised to discover it was no where to be found on the major news websites -- although FOX radio discussed it yesterday. Remember our good buddies at AIG? The insurance company that insured all of the preditory loans -- saying it only offered this coverage to a few select customers (New York Times article, last year)? The same AIG that paid 1.6 million dollars in bonuses to the very same mortgage department that is the root of this rolling nightmare? Well, they are scheduled to pay our another 1.9 million dollars in bonuses to the same criminals. Hiding under contract law. Here's an idea, fire everyone in that department -- those brilliant minds got us here, blatently. Hire some of the brilliant people that have been let go because of the mess they instituted. . .
http://www.nytimes.com/2009/10/14/business/14pay.html?em
Don't chew on this too long . . . I think it's been infected with the swine flu
Barbara, please. It is time for significant change. We want our homes and have demonstrated our willingness to negotiate a FAIR mortgage. The fraud riddled throughout this mortgage situation is blatently apparent. We will organize, and we are going to file a class action suit. I just hope you don't skip the country.
Your remarks are criminal and unjust. Shame on you.
Now, I have an article to post, I looked for it last night and was not surprised to discover it was no where to be found on the major news websites -- although FOX radio discussed it yesterday. Remember our good buddies at AIG? The insurance company that insured all of the preditory loans -- saying it only offered this coverage to a few select customers (New York Times article, last year)? The same AIG that paid 1.6 million dollars in bonuses to the very same mortgage department that is the root of this rolling nightmare? Well, they are scheduled to pay our another 1.9 million dollars in bonuses to the same criminals. Hiding under contract law. Here's an idea, fire everyone in that department -- those brilliant minds got us here, blatently. Hire some of the brilliant people that have been let go because of the mess they instituted. . .
http://www.nytimes.com/2009/10/14/business/14pay.html?em
Don't chew on this too long . . . I think it's been infected with the swine flu
I have emailed both the authors who compiled the bloomberg.com article. I'd love to see them visit here and do a follow up with what homeowners have to say regarding Ms. Desoer's comments.
I was pleased to read how Ms. Barbara Desoer view’s Bank of America’s current position with regards to having one of the worst performances under Obama’s anti-foreclosure program.
<O</O
Ms. Desoer states that borrowers responses are part of the problem. I’d invite you to visit the Countrywide Forum at www.loansafe.org to see what homeowners have to say. I can personally document the submission of documents no less than 3 times. As Ms. Desoer states “(homeowners) lives are in extreme stress.†From my position, that is a correct statement. My life is in extreme stress because I have been in contact with Countrywide/BoA since March 2009 and have not received any assistance from them. <O</O
<O</O
From the overall sounds of the interview, Ms. Desoer is more focused on building the purchase money loan operation than truly helping the current target market of homeowners who need help.<O</O
<O</O
Again, I invite you to visit www.loansafe.org and possibly follow up your article from Ms. Desoer with an article from homeowners.<O</O
<O</O
<O</O
<O</O
I was pleased to read how Ms. Barbara Desoer view’s Bank of America’s current position with regards to having one of the worst performances under Obama’s anti-foreclosure program.
<O
</OMs. Desoer states that borrowers responses are part of the problem. I’d invite you to visit the Countrywide Forum at www.loansafe.org to see what homeowners have to say. I can personally document the submission of documents no less than 3 times. As Ms. Desoer states “(homeowners) lives are in extreme stress.†From my position, that is a correct statement. My life is in extreme stress because I have been in contact with Countrywide/BoA since March 2009 and have not received any assistance from them. <O
</O<O
</OFrom the overall sounds of the interview, Ms. Desoer is more focused on building the purchase money loan operation than truly helping the current target market of homeowners who need help.<O
</O<O
</OAgain, I invite you to visit www.loansafe.org and possibly follow up your article from Ms. Desoer with an article from homeowners.<O
</O<O
</O<O
</O<O
</O
ugh_2009
LoanSafe Member
HELPING UNEMPLOYED WORKERS KEEP THEIR HOMES - http://www.ows.doleta.gov/unemploy/pdf/uifact.pdf
Hi all...not feeling well today so I've been quiet. I just checked my email and wanted to post this. Many of us I'm sure signed the petition against Ken Lewis' bonus. If you did, you will probably get this email, too. I just wanted to post it here for all to see and encourage everyone to click the link and sign this petition, too:
<table width="626" bgcolor="#ffffff" cellpadding="20" cellspacing="0"><tbody> <tr> <td style="font-size: 12px; color: rgb(0, 0, 0); line-height: 150%; font-family: trebuchet ms;" valign="top" bgcolor="#ffffff">Last week, we sent a letter to the Obama pay czar, signed by over 11,000 taxpayers. We told him to stop payment on Ken Lewis' $53.3 million bailout. But it's not just Ken Lewis getting rich with our money.
The papers are all leading today with headlines about America's banks on track to earn record profits and pay out record amounts of bonuses to their top brass. America is still reeling from the financial crisis, but it's business as usual on Wall Street.
Next weekend, thousands of taxpayers are going to confront big banks and hold them accountable to us - will you demand they meet with us? http://action.seiu.org/abachicago
The arrogance of these banks is unbelievable. They took trillions of our hard-earned tax dollars through bailouts. And now they're playing with it like it's Monopoly money; paying out huge bonuses and lobbying against financial reform.
Since the beginning of 2009, JPMorgan Chase has already paid out $21.8 billion in bonuses. That's a new record. Bank of America's compensation payouts are expected to hit $30 billion - up 64% from last year.
We're going to Chicago to confront the bankers at their annual conference on October 25-27th and we need every taxpayer supporting us. Click here to demand a meeting with the big banks: http://action.seiu.org/abachicago
There's no disputing it: these CEOs didn't learn their lesson from the financial crisis they caused. I guess we're going to have to teach it to them. Click here to stand with taxpayers and against big bank greed: http://action.seiu.org/abachicago
Thanks,
John VanDeventer
SEIU.org
P.S. Are you going to be in the Chicagoland area on October 25-27th? We want you to join us! Click here for more information: http://action.seiu.org/page/s/abarsvp
</td></tr> <tr> <td style="border-top: 1px solid rgb(204, 204, 204); background-color: rgb(255, 255, 255);" valign="top">
</td></tr></tbody></table>
<table width="626" bgcolor="#ffffff" cellpadding="20" cellspacing="0"><tbody> <tr> <td style="font-size: 12px; color: rgb(0, 0, 0); line-height: 150%; font-family: trebuchet ms;" valign="top" bgcolor="#ffffff">Last week, we sent a letter to the Obama pay czar, signed by over 11,000 taxpayers. We told him to stop payment on Ken Lewis' $53.3 million bailout. But it's not just Ken Lewis getting rich with our money.
The papers are all leading today with headlines about America's banks on track to earn record profits and pay out record amounts of bonuses to their top brass. America is still reeling from the financial crisis, but it's business as usual on Wall Street.
Next weekend, thousands of taxpayers are going to confront big banks and hold them accountable to us - will you demand they meet with us? http://action.seiu.org/abachicago
The arrogance of these banks is unbelievable. They took trillions of our hard-earned tax dollars through bailouts. And now they're playing with it like it's Monopoly money; paying out huge bonuses and lobbying against financial reform.
Since the beginning of 2009, JPMorgan Chase has already paid out $21.8 billion in bonuses. That's a new record. Bank of America's compensation payouts are expected to hit $30 billion - up 64% from last year.
We're going to Chicago to confront the bankers at their annual conference on October 25-27th and we need every taxpayer supporting us. Click here to demand a meeting with the big banks: http://action.seiu.org/abachicago
There's no disputing it: these CEOs didn't learn their lesson from the financial crisis they caused. I guess we're going to have to teach it to them. Click here to stand with taxpayers and against big bank greed: http://action.seiu.org/abachicago
Thanks,
John VanDeventer
SEIU.org
P.S. Are you going to be in the Chicagoland area on October 25-27th? We want you to join us! Click here for more information: http://action.seiu.org/page/s/abarsvp
</td></tr> <tr> <td style="border-top: 1px solid rgb(204, 204, 204); background-color: rgb(255, 255, 255);" valign="top">
SERVICE EMPLOYEES INTERNATIONAL UNION
SEIU
1800 Massachusetts Ave NW, Washington, DC 20036
1800 Massachusetts Ave NW, Washington, DC 20036
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