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THANKS2U

THANKS2U

LoanSafe Member
davephx said:
What more can they do without Congress? Dodd has some power in the Senate Banking Committee, but anything needs to get to the floor of the Senate to even discuss and R's probably would block. I don't see what more Geithner can do

The key is to scream to Republican Senators to try and convince them how badly HAMP as a law with enforcement is needed. Most D's are on our side as is Treasury/Administration.
Click to expand...
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Yep, that is 1 Key ..

But, there are many keys in politics.

Congress smongress Fucckk them

Dodd & other Politicians are no different than Doctors or Lawyers or Sales Clerks.

They all falsely, untruthfully state, there is NOTHING more we can do for you --

Politicians, UNLESS we can get congress to approve this or that.

Doctors, NOTHING for you, UNLESS we can get the Insurance companies to Approve this or that, There is nothing more we can do for you.

Attorney, NO, not UNLESS the law says so, there is Nothing !

Store clerk, NOPE SORRY, NOT UNLESS we can get the store manager to Approve this or that.

That is just NOT TRUE AT ALL.

It is all LAzZY ASzS BULLSHIT

There is plenty any politician like Dodd can do, especially when Dodd is leaving office and has no fear of NOT being re-elected.

Dodd just needs to think outside the box and do all he can to get the banks to do Loan Modifications.

This include going to all media and giving Interviews and spilling the beans about what EVIL DEVILS the banks are, are giving proof of it INSIDER PROOF ! and saying it over and over and over again, until the Bank do what they are suppose to be doing...

Polititians need to think outside the Box.... And do much more than follow the sheep path..

Dodd could also attend this meeting and attract media attention and give his truthful opinions...

Politicians need to get personal after they are elected as well

SEIU.org | Share your story with BofA
 
THANKS2U

THANKS2U

LoanSafe Member
THANKS2U said:
SEIU.org | Share your story with BofA


PICO National Network - People Improving Communities through Organizing


Yep, that is 1 Key ..

But, there are many keys in politics.

Congress smongress Fucckk them

Dodd & other Politicians are no different than Doctors or Lawyers or Sales Clerks.

They all falsely, untruthfully state, there is NOTHING more we can do for you --

Politicians, UNLESS we can get congress to approve this or that.

Doctors, NOTHING for you, UNLESS we can get the Insurance companies to Approve this or that, There is nothing more we can do for you.

Attorney, NO, not UNLESS the law says so, there is Nothing !

Store clerk, NOPE SORRY, NOT UNLESS we can get the store manager to Approve this or that.

That is just NOT TRUE AT ALL.

It is all LAzZY ASzS BULLSHIT

There is plenty any politician like Dodd can do, especially when Dodd is leaving office and has no fear of NOT being re-elected.

Dodd just needs to think outside the box and do all he can to get the banks to do Loan Modifications.

This include going to all media and giving Interviews and spilling the beans about what EVIL DEVILS the banks are, are giving proof of it INSIDER PROOF ! and saying it over and over and over again, until the Bank do what they are suppose to be doing...

Polititians need to think outside the Box.... And do much more than follow the sheep path..

Dodd could also attend this meeting and attract media attention and give his truthful opinions...

Politicians need to get personal after they are elected as well

SEIU.org | Share your story with BofA
Click to expand...

PICO National Network - People Improving Communities through Organizing

Dodd and Geithner need to impove PERIOD

As all our paid for politicians do....
 
davephx

davephx

LoanSafe Member
THANKS2U said:
National Campaign to Stop Preventable Foreclosures - PICO National Network
Watch live Telecast here PREVENTING FORECLOSURES
Click to expand...
This is also very good. Church groups now involved.

The 2nd video is Barny Frank with proposal to loan money from TARP fund profits to loan to the unemployed to pay mortgages. Some of his later comments could not quite understand as acoustics in big Church bad.

But all the speakers talk about "working with Treasury" but can they do enough to make it profitable enough to motivate the banks to do without a HAMP law forcing it.

More and more media attention is on it and good.

Next is the Dec results reports hopefully out in a few days which should be catalyst for more outrage of the results and the opportunity for more media focus and pressure on banks and Congress to DO SOMETHING
 
THANKS2U

THANKS2U

LoanSafe Member
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REPORT CARDS NEED TO SHOW SUSTAINABLE MODIFICATION TERMS

As we all know here, even when Bank of America says or even has you sign papers that the Modification is quote "permanent" Bank of America may very well be lying and can breach the verbal and or written contract any time they want to..

I wonder how many Permanent modification will truthfully stay Permanent and especailly are SUSTAINABLE MODIFICATION !!

Many of Bank of America's supposed Permanent Modification have terms that favor the bank ONLY and Bank of America will end up foreclosing on thousands of Permanet Modifications, which they Intentionally planned and plotted to fail within 5 years, BECAUSE BANK OF AMERICA HAS PLOTTED FOR THESE MODS TO NOT BE SUSTAINABLE FOR THE FULL TERM OF THE LOAN ...

Our government needs to make sure that these SUPPOSED PERMANENT MODIFICATIONS ARE SUSTAINABLE FOR THE ENTIRE LENGTH OF THE LOAN - PERIOD

SUSTAINABLITY NEEDS TO BE THE BIGGEST PART OF THE REPORT CARD

Otherwise there is no such thing as a permanent Modification..

The mods are only the Banks betrayals of still stalling until they have cunningly calculated to choose the MOST beneficial TIME for them to foreclose.....

Which seems to be about 3 to 5 years when they can foreclose for more of a profit and when Obama will be LONG GONE to do anything about it !

SUSTAINABILITY IS THE TRUTH IN MODIFICATIONS.


Below is a post from DAVEPHX

BofA " going to bend over backwards to try to fix this and get more loans through the system,"

Note the very last paragraphs quoting the new CEO of BofA - otherwise mostly the same <ACRONYM title="Page Ranking">PR</ACRONYM> about folks not making trials or submitting paperwork.

Is BofA doing enough to help homeowners?
The bank points to 700,000 mortgage modifications, but critics say too few have been made permanent.
By Christina Rexrode
[email protected]

Posted: Thursday, Jan. 14, 2010
Bank of America says it's working hard to help struggling borrowers keep their homes. It's gone door to door to reach distressed homeowners, hired thousands of staffers to work with those customers, and changed the repayment terms of more than 700,000 mortgages over the past two years.

The Charlotte bank's critics paint an entirely different picture, saying it isn't doing nearly enough. As proof, they point to a Treasury report from early December that said Bank of America had completed modifications for only 98 mortgages under a government program called HAMP, or the Home Affordable Modification Program.

So who's right, the bank or its critics? The truth lies somewhere in the middle.

"I don't think Bank of America is as bad as everybody says they are," said Guy Cecala, publisher of Inside Mortgage Finance.

"I think they're going to bend over backwards to try to fix this and get more loans through the system," he added.

Today, the bank is expected to announce that it has completed more than 3,200 HAMP modifications, a huge increase from the last tally of 98. It will also announce that it has another 20,000 that are about to be completed. In Treasury jargon, these completed modifications are referred to as "permanent modifications."

The bank's release will come one day ahead of the newest Treasury scorecard. Those monthly scorecards tally how many HAMP modifications Bank of America and the other big banks have under way.

The bank's critics have pointed to two sets of figures in those reports. They have noted that the bank has started modifications for only a small fraction of the loans that are potentially eligible for the program - about 157,000 out of just over 1 million, or 15 percent, according to the December report, though that percentage could rise in the new report. CitiMortgage, JPMorgan Chase, Wells Fargo and GMAC fared better, each with at least 30 percent in the December report.

Bank of America disputes the Treasury's estimate that there are more than 1 million Bank of America borrowers who are eligible for HAMP. The Treasury's estimate is based on the number of borrowers at least two months in default; it does not take into account how many of them meet HAMP's income requirements and other prerequisites. The Treasury says its estimate "isn't perfect, but it's something to measure against."

Bank of America points out that it has modified hundreds of thousands of loans without the government program, and those modifications aren't included on the Treasury scorecard. About three-quarters of the bank's modifications over the past two years have been outside of HAMP.

Banks have always been able to modify mortgages, but the issue has heated up as millions of homeowners face foreclosure and the effects of the housing crisis spread throughout the broader economy. When a bank modifies a mortgage, it can lower the interest rate, extend the life of the loan or even forgive some of the principal - anything that might help a borrower keep his home. It's generally in the bank's best interest too: It's usually more profitable to modify a mortgage than to foreclose.

To be sure, plenty of borrowers have legitimate complaints about the process. Some have encountered unhelpful customer reps, lenders who never seemed to get their faxes, and bankers who gave them conflicting information about how to apply.

The latest criticism of Bank of America came from a second set of figures released in the Treasury's December report. It gave the skeptics a new arrow in their quiver, because it was the first to measure how many modifications had been transitioned from trial to permanent. That's where Bank of America had racked up only 98 modifications. Wells Fargo, by contrast, had completed more than 3,500 permanent modifications, and JPMorgan Chase had done more than 4,300.

The trial modifications work like this: After a bank and a homeowner agree to new mortgage terms, the bank places the homeowner on trial for three months or more. If the homeowner is successful in paying the modified mortgage, then the modification is made permanent.

When the Treasury created HAMP, it instructed banks to do the modifications this way.

Bank of America doesn't totally deserve the firestorm over permanent vs. trial modifications, according to some experts. For one thing, it's sometimes the fault of the borrower, not the bank, when there's a holdup in the conversion. Sometimes, the borrower doesn't pay the modified mortgage. Other times, they don't submit the paperwork.

Bank of America said last month that it had about 50,000 customers who had successfully paid three months of modified mortgages but hadn't turned in the paperwork for converting them to permanent. The bank said it's trying to reach those customers by phone, mail and face to face. That can be an uphill battle because borrowers who are in trouble are often wary of their bank.

Also, even if a borrower has only a trial modification, he is still enjoying a lower monthly bill.

Bank of America says it's committed to HAMP and points out how it has more trial modifications under way than any other bank: Today, it's expected to announce that it has 200,000 customers in trial modifications under HAMP, up about 43,000 from last month. It says it plans to be No. 1 in permanent modifications as well.

Mark Fogarty, editor of National Mortgage News, said after the December report that Bank of America's low number of permanent modifications wasn't unique. Though Wells and JPMorgan Chase both had several thousand permanent modifications in the December report, Wachovia had just 351. CitiMortgage had 271.

"Basically it's true of all the mortgage lenders," Fogarty said. "None of the big ones have had great success in making these permanent."

Bob Gnaizda, who has worked with the Greenlining Institute and other advocacy groups to push Bank of America to modify more mortgages, said he doesn't think Bank of America's No. 1 status in trial modifications is an adequate measure. The trial modifications, he said, "are a gimmick by the banks to induce homeowners to make payments for a few more months rather than walk away."

But Gnaizda also said he's optimistic that Bank of America will eventually lead the way in permanent modifications. He praised former chief executive Ken Lewis for getting out of subprime lending and cleaning up questionable practices at Countrywide Financial, which it bought in 2008.

Last week, on his first real day on the job, new CEO Brian Moynihan said that helping struggling homeowners is the key consumer issue on his agenda. Speaking to a Raleigh crowd, he asked that the bank's efforts be judged with respect to challenges like high unemployment and the competing interests of the parties involved in each mortgage.

"But, simply put," he promised, "we will do more."<!-- google_ad_section_end -->

Thank you Davephx



DO MORE DAMAGE OR DO MORE GOOD I WONDER ??????????????????

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THANKS2U

THANKS2U

LoanSafe Member
DECEMBER REPORT CARD CRAAAPPPOLLA

http://financialstability.gov/docs/report.pdf



http://www.loansafe.org/forum/loan-...00-permanent-modifications-approved-date.html


Trial period bullcrap

permanent smermanent

where in the december report card is the acurate information as to income versus the sustainablity of these so called permanent modifications IN 5 YEARS

sustainable modifications should be the true recovery part of the report cards.

i see nothing anymore regarding the sustainablity of these so called permanent mods.

The banks & our own governemnt have us people so brainwashed into thinking how lucky we are to have received a permanent modification that no one focuses on whether they will be able to afford the modification after 5 years, when the interest rate reaches its peak.

Oh i forgot, in 5 years everything will be wonderful, tons of high paying jobs, tons of money flying around, real estate will have rebounded to homes being worth 3 to 4 times of what they are selling for now and everone who is poor now and struggling will be eating lobster at fine candle lit restaurants, right along side all the slobbering FAT CATT FUUUCKKER bankers who fuucked us over.

So just forget about what i said regarding sustainable modifications, since we all will be filthy fat CATT FRICKIN rich in 5 years RIGHT ?
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MyHAMP

MyHAMP

LoanSafe Member
THANKS2U

THANKS2U

LoanSafe Member
OOPS

Forget to mention this is an article by James Kwak

Wall Street Pit January 15, 2010

Design or Incompetence?

Regarding Banking Institutions / Sevicers, Knowingly and Willfully Sabotaging Loan Modifications, by ANY means they can think of, especially through their Premeditated & Torturous Negligence ..
 
P

Pants

LoanSafe Member
Thanks 2u, fix the way you post. You're breaking the threads you post in and making them very hard to read.
 
THANKS2U

THANKS2U

LoanSafe Member
Pants said:
Thanks 2u, fix the way you post. You're breaking the threads you post in and making them very hard to read.
Click to expand...

I really do not like your TONE of post

And I have no idea as to what you are eluding to, or Making Up ?

No one else is complaining about any of my posts.

If there truly is an issue, explain exactly what it is, politely please...

Once I know what your problem is I can give it the time it deserves
 
S

so-cal-gal

LoanSafe Member
Pants said:
Thanks 2u, fix the way you post. You're breaking the threads you post in and making them very hard to read.
Click to expand...
I have to admit the need to use the horizontal scroll-bar to read the posts or to get to the 'quote button' on these EXTRA-wide posts is an annoyance and I'm less-likely to read the entire post when it is in this format...

BUT I suspect that Thanks2u has not done this intentionally. I'm not even certain of how the problem is being created in these posts. I'm not sure if Pants sees any additional problem beyond the format one. But obviously, my post has now 'inherited' the same format problem.
 
G

Garry

LoanSafe Member
I think the problem you're talking about is the new banners they put on the left of the page. I don't like it either, they should move them over to the other side or something.
 
S

so-cal-gal

LoanSafe Member
Garry said:
I think the problem you're talking about is the new banners they put on the left of the page. I don't like it either, they should move them over to the other side or something.
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No, Garry, the horizontal scrolling problem is vastly different on the last few 'pages' of this thread. And it seems to have started on a comment that was made by Thanks2U. Take a look a 'page' 18. See how much you are having to horizontal scroll on any paragraph? It is not as bad if the post only has little short sentences that are chopped apart with line feeds.

To see the difference, look at page 1 of this thread. On that page whatever has later gone wrong with the formatting in the posts is okay there. And Thanks2U was the person who started the whole thread.

Whatever is going on, it is not caused by the banners.

My post may show up with wider scrolling also and I'm not TRYING to do it. We are 'inheriting' some setting from earlier posts. Pants attributed it to a recent post by one person. I think that there is just something that was accidentally done that is the problem.

Question is: How do we get the problem undone? Apparently we are fine if we don't quote one of the postings that has the super-dooper horizontal scrolling showing up in it.
 
P

Pants

LoanSafe Member
so-cal-gal said:
I have to admit the need to use the horizontal scroll-bar to read the posts or to get to the 'quote button' on these EXTRA-wide posts is an annoyance and I'm less-likely to read the entire post when it is in this format...

BUT I suspect that Thanks2u has not done this intentionally. I'm not even certain of how the problem is being created in these posts. I'm not sure if Pants sees any additional problem beyond the format one. But obviously, my post has now 'inherited' the same format problem.
Click to expand...
I'm not being rude but when you post we have to use the horizontal scroll bar. It makes reading your posts very difficult, and consequently anyone else who just happens to post on the same page as you.
 
P

Pants

LoanSafe Member
I'm on a new page now and it's normal. After Thanks2U posts it gets way to wide again. You can see what I mean by looking at the threads Thanks2U has started.
 
S

so-cal-gal

LoanSafe Member
Pants said:
I'm on a new page now and it's normal. After Thanks2U posts it gets way to wide again. You can see what I mean by looking at the threads Thanks2U has started.
Click to expand...
Actually, Thanks2U did originally start this thread and on the very first page, things appear to be normal.

That is why I think it is somehow an accidental setting that got 'messed with'.

Do you notice that, once the horizontal scrolling problem appears, that when you go to add a post, the editing page has that same goofed up wide scrolling to get to the edit box (regardless if whether the current page's final 'look' has the problem)? And the 'Preview' is super-wide with the scrolling too. I'm hoping this appears 'normal' when I hit 'Submit' because this page has not been showing the 'problem' and I did not quote a post that had a problem.

This is now happening on any page after the problem occurred and is present during the edit, even on pages that turn out looking okay when you post them.

IF you quote from one of the places where the final post has the super-dooper horizontal scroll, the new 'page' then has ALL posts SHOW that funky problem.

Maybe we need the admins to take a look at whatever is going on.

For now, if you see that a post has the wacky scroll-bar problem, don't use the 'quote' feature to add posts. When it gets to a new page, then the wacky scrolling only appears while you are in the edit mode.

Maybe Thanks2U can check if there is some difference in how they are posting recently vs the very first post on this thread.
 
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