Search results

  1. R

    Loan Mod impossible with PennyMac

    Pwoolfolk....this is Renoira. How are you doing? Has everything settled in on your loan mod? Are you still in your home? Was your mod made permanent?
  2. R

    Loan Mod impossible with PennyMac

    Pwoolfolk....this is Renoira. How are you doing? Has everything settled in on your loan mod? Are you still in your home? Was your mod made permanent?
  3. R

    Loan Mod impossible with PennyMac

    Caroni, No, they did not do a principle reduction, in fact, they added $60,000 to my underwater mortgage after NOT honoring the temporary modification that we had with CitiMortgage. Furthermore, they only offered us another temporary modification that they were charging us for. They dangled...
  4. R

    Loan Mod impossible with PennyMac

    Caroni, You are wise. They are also not supposed to charge for doing a modification, either, yet they charged me $1000. to do a modification for us that was $60,000 over our already underwater mortgage. Hiring a lawyer is a good way to keep an eye on them....they need it. copy of e-mail from...
  5. R

    Loan Mod impossible with PennyMac

    I have to make 6 temporary payments on time before the loan mod is official, at that time I keep the same monthly payment but it becomes a permanent loan mod payment and after 6 temporary payments and 3 permanent payments I can be considered for a loan refinance with possible forgiveness of some...
  6. R

    Loan Mod impossible with PennyMac

    Pwoolfolk, It has been awhile. Have you had any success with a modification with PennyMac? We are still in court with these people and have filed a lawsuit. They are still trying to get a relief from stay using fraudulent documents. It is pretty obvious and we are awaiting the judge's...
  7. R

    Loan Mod impossible with PennyMac

    Thank you for keeping me posted, and thank you for "complaining". It is those who are silent that make it difficult for us who have chosen to face this fight. So many just walk away defeated, when they have had cause to fight back. We are being cheated plain and simple. Companies like...
  8. R

    Loan Mod impossible with PennyMac

    Good to hear from you Pwoolfolk. I am sorry for your struggles. It is indeed a slow torturous road. I do not know if it will help you, but have your loan documents (filed at the assessors office) checked for robo-signers and any fraud. See if you can have someone check them over for you...
  9. R

    PennyMac Modification Track Record

    Well, Pwoolfolk Good to hear from you, too. I have also written to the Whitehouse, so far nothing. Perhaps I should write to the Treasury Department myself. I have serious doubts about that though since Timothy Geithner is Secretary of the Treasury and PennyMac is Timmy-baby's idea. (Sorry...
  10. R

    PennyMac Modification Track Record

    Hello all, Pwoolfolk, HA! Their modification attempt was a scam! While the payment was slightly lower, they increased the principle amount by $60,000. on a home that was already underwater over $150,000.00. We counter offered and they refused to accept our counter offer, thus negating the...
  11. R

    Has anyone else been offered a mod with INCREASED principle?

    They have no motivation to modify. If they foreclose they collect insurance (guaranteed by Fannie Mae or Freddie Mac) for the full price or 80% of the full price. THen in addition, they can turn around and sell your home out from under you at market value. Free money. They want us to feel a...
  12. R

    Loan Mod impossible with PennyMac

    Thank you pwoolfolk, I agree. The more the merrier. PennyMac and other capitalist like them are hiding out under the radar. They purchases loans for PENNIES on the dollar from companies that are under scrutiny so that these companies can hide their evil deeds from public scrutiny. When the...
  13. R

    Loan Mod impossible with PennyMac

    I suspect that they modifying very few, if any. It is more profitable to foreclose. So they offer us a "mod" that would be absolutely irresponsible of us to accept, and fiscally foolish, then try to innocent infer that they were sincere. I wrote here to confirm or deny for myself that this is...
  14. R

    Has anyone else been offered a mod with INCREASED principle?

    Thanks, Cat. This is true. That was my question. Sometimes I wonder if we are being singled out for this outrageous behavior. I hear of others who have had principle reductions and have been given generous modifications. I admit, they are few and far between, but I cannot help but wonder...
  15. R

    Has anyone else been offered a mod with INCREASED principle?

    Unfortunately, I am not as generous as you are. I was already cheated by Countrywide and our case is still stalling in a court of law almost 4 years later. Because of their egregious behavior, our principle increased at that time by 50,000 and that does not include the additional costs we had...
  16. R

    Has anyone else been offered a mod with INCREASED principle?

    ...and they get away with this? PennyMac is compromised of the same vulture capitalist that created Countrywide Homeloans. Countrywide Homeloans was the primary lender that created this economic abyss that we are currently in. They created predatory loans and have made settlements with every...
  17. R

    Has anyone else been offered a mod with INCREASED principle?

    Yes I am behind on my payments. Manipulated into it by a false "temporary modification" that they did not count as meeting my obligation. Amazing what deceit they can get away with all the while calling us the "deadbeats". They give us a temporary modification after a year of promising and...
  18. R

    Has anyone else been offered a mod with INCREASED principle?

    Our lender (by transfer) has offered to modify our loan at $60000 more than our current principle on a home that was already $150,000 underwater. Has anyone else had to deal with this insanity?