PLEASE ONLY POST - Articles, Official Letters, Testimony, Rules and Regs. Moe - perhaps a Sticky is
- Thread starter THANKS2U
- Start date
hope67
LoanSafe Member
Just ask them for the reasons for the failed NPV, they wouldn't probably know the difference (retroactive or not) all they know is that according to the guidelines you are entitled to know!
N
nativelasvegan
Guest
I found a website that has copies of securitization agreements. You can read part of the agreement, but then I think you have to pay to get the whole document.
Securitization Agreement, Securitization Contracts - Free Legal documents (page 1 of 2)
Securitization Agreement, Securitization Contracts - Free Legal documents (page 1 of 2)
We won't have to pay for any of it. Well, you can if you really want to.
I have a login, which anyone can get on secinfo. Let me know the series # or other info you have. I'll look it up and try to get you a document this weekend so anyone here can get their own logon and look up each securitization agreement they/we need. Part of my job in the last life was writing documentation for our software as well as training during implementation.You can download it onto your PC and read all or any part in your own time.
This is going to be a great year, I can see it already!!!!!
so-cal-gal
LoanSafe Member
I need Bank of NY as trustee for "CW-ABS Asset-Backed Securities Certificates 2005-10".We won't have to pay for any of it. Well, you can if you really want to.
You can download it onto your PC and read all or any part in your own time.
This is going to be a great year, I can see it already!!!!!
Thanks!
N
nativelasvegan
Guest
Oh Bloom. You are awesome. The SEC is a valuable source of information. We are going to need access to this.
If anyone is interested in The Home Ownership and Equity Protection Act (HOEPA) encourages responsible lending. Although this link is from 2007, there is a lot of helpful information. FRB: Speech, Kroszner--Encouraging Responsible Mortgage Lending: Prospective Rulemaking Initiatives--June 14, 2007
This Act can be found at 15 USC Section 1639 US CODE: Title 15,1639. Requirements for certain mortgages
If anyone is interested in The Home Ownership and Equity Protection Act (HOEPA) encourages responsible lending. Although this link is from 2007, there is a lot of helpful information. FRB: Speech, Kroszner--Encouraging Responsible Mortgage Lending: Prospective Rulemaking Initiatives--June 14, 2007
This Act can be found at 15 USC Section 1639 US CODE: Title 15,1639. Requirements for certain mortgages
Oh Bloom. You are awesome. The SEC is a valuable source of information. We are going to need access to this./QUOTE]
I don't remember what info is needed to get a login but I'm going out there now to verify. Will let you know so we can setup as many logins as we need. Once you provide requested info they will send you step-by-step instructions for using the site. If you have not done this kind of research before it might seem a little overwhelming. Play around with it and you will quickly learn that it is pretty easy to learn and navigate. Tedious and time consuming is more descriptive. I have found most of this data is buried pretty deep. I guess because of it's nature.......
In fact, I got the email below from the site admin so they will be happy that I've spread the word about this wonderful 'FREE' source of information.
++++++++++++++++++++++++++++++++++++++
Dear XXXXXXXXXX:
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com
Thank you for using our http://www.secinfo.com service. In return for the free access you are currently receiving, we ask that you recommend SEC Info to all your friends and associates. This will benefit you, because, by increasing our user base, there will be less of a chance that we will someday ask you to pay us to continue using our site.
<o
How does this work? The revenue to maintain and improve our site comes from our very-most-frequent users. If and when your usage pattern puts you in that category, we will ask you to subscribe. Because we measure your usage against that of all users, the more people that you can help us attract, the less the probability will be that we will consider you a frequent user and ask you to pay. But even if we don't grow fast enough and do ask you to pay, our subscription rates are less than our competitors ($10/month for individuals, and less per-user for groups).
<o
We think this is a very fair deal, and thank you for your support.
<o
SEC Info - Registrar
http://www.secinfo.com
<o
Re: xxxxxxxxx@yahoo.com - 99999999-999999-999
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nativelasvegan
Guest
ATTENTION CITI BANK PEOPLE:
N
nativelasvegan
Guest
Found this on the government website.
Any fellow texans up for a trip to Houston on February 20?
Imagine if all the people here who have been experiencing loan mod hell showed up at one of these events and were able to make a difference.
Making Home Affordable - Homeowner Events
Any fellow texans up for a trip to Houston on February 20?
Imagine if all the people here who have been experiencing loan mod hell showed up at one of these events and were able to make a difference.
Making Home Affordable - Homeowner Events
THANKS2U
LoanSafe Member
First things first !
People need IMMEDIATE affordable housing / HOMES.
Dodd and the rest of our paid political employees, need to Mandate laws to LAWFULLY FORCE all the Swindling Banking Institutions, that ALL BANKS WHO received ANY TARP funds, that those banks need to Immediately Modify Sustainable loans for all distressed homeowners, who are paying more than 31 % of their income for the mortgage PITIA
What the F***K ?????????????????????????????
We pulled all those F***ING banks out of the finacial quicksand they were sinking in with our TARP Tax Dollars and now that millions of homeowners are sinking in financial quicksand, because of predatory loans and the swindling economy caused by these Defrauding Banks, the Polititians and Banks turn a blind eye and a deaf ear to the distressed and sinking homeowners who F***ING saved the lives of those Defrauding & swindling Banks from the financial quicksand.
Enough is enough !!!
Congress needs to lawfully force Sustainable Modifications for all distressed, in need homeowners, who are paying more than 31 % PITIA
PERIOD END OF STORY
Senator Dodd is a Dud... He needs to redeem himself NOW !
Actually, ALL OUR PAID FOR EMPLOYEE POLITICIANS WHO ARE FAILING US EVERY STEP OF THE WAY IN FIGHTING THESE VICIOUSLY PREDATORY & SWINDLING BANKING INSTITUTIONS ARE DUDS.
What ever happend to the truth ?
They need to first focus on Lawfully Enforced Affordable Housing / Affordable Mortgages.
Millions of Predatory Mortgages need to be modified NOW !
Predatory meaning the PITIA mortgages are more than 31 % of a homeowners income and the current loan terms, as stated in the Truth In Lending laws, have No Repayment Ability for the borrowers current income.
This is NOT brain surgery
It is Banks and Polititians Swindling the American People
IT NEEDS TO STOP TODAY !!
davephx
LoanSafe Member
Huh? Dodd is on our side he agrees banks need to lend.
Unfortunately Dodd decided not to seek reelection so we may have yet another just say no Republican in the Senate which may doom any future help for Main Street.
Yes we need a HAMP law. But will be almost impossible to get through the just say no block in the Senate since 60 votes needed to even discuss an issue on the floor.
Lets blame the right people, not those on our side.
Unfortunately Dodd decided not to seek reelection so we may have yet another just say no Republican in the Senate which may doom any future help for Main Street.
Yes we need a HAMP law. But will be almost impossible to get through the just say no block in the Senate since 60 votes needed to even discuss an issue on the floor.
Lets blame the right people, not those on our side.
THANKS2U
LoanSafe Member
---------------------------------------------------------------------------------------------------------------------------------------------------------
DAVEPHX - Always good to hear from you : )
I made up the line Dodd is a Dud but just did a search and found a brief article with a similar title & a couple of other articles about the Mod crisis in general ..
Dodd's Lesson: You're Never Too Big to Fail - WSJ.com
Servicers, White House Point Fingers as Foreclosure Plan Fails The Washington Independent
Only 31,000 Americans Entered Into Mortgage Modifications for Obama's Housing Help Program - The World Newser
DavePhx
Ya I know Dodd is supposedly on our side - I have seen all his testimony, etc.... All looks good on the surface.
BUT TALK IS CHEAP IN POLITICS !
Several of My X friends and X partners were also supposedly on my side, but in time I found out THEY were on THEIR own side !
Swift Results are what we all need, not on our side Lip Service.
Since Dodd is on his way out, I suppose Mr. Dodd will be and or is looking for a VERY WELL PAYING job !! And whether that job comes his way via a Democratic friend or a supposed Republican Foe, it matters not to him, which is why I only trust what I see Happening in Results and Not in Lip Service.
All these political guys keep their friends close, but they also keep their supposed enemies closer, which is to say, Neither Party wants to piss each other off too much, so as to jeapardize their in and or out of politics futures...
THERE HAS BEEN FAR TOO MUCH TALK AND FAR TOO LITTLE ACTION, ESPECIALLY CONSIDERING HOW LONG THE BANKS HAVE BEEN F***ING HOMEOWNERS OVER AND OVER, MILLIONS OF US, AND STILL NOTHING CONCRETE AT ALL - JUST LIP SERVICE, FAKE TRIAL MODS, 3 DAY SWAT TEAMS, IDLE THREATS AND POLITE SHAMING.
Our paid for Republican and Democratic Politicians of the people, by the people and for the people are the ones who should be shamed and blamed for the LAZY INDIFFERENCE THEY ALL HAVE TO DEFRAUDED & DISTRESSED HOMEOWNERS..
Dodd talks a great talk but Dodd is still a Dud when it comes to TRUE LOAN MODIFICATION RESULTS.
One of Our Main Jobs on this site and in life is to talk and write to THEM, our paid for Republican and Democratic politicians, so they WILL ACT ON OUR TALK & WRITINGS.
They currently are all acting - Sadly both parties are acting like ignorant jackasses who do not truly care one little bit enough to truly make sustainable loan mods a reality for millions of homeowners, like they know they should be doing
Dodd and all the rest of them, Both parties - They are all DUDS so far !
I have just had it with all them and the banks
As always davephx THANK YOU FOR YOUR GENEROUS INPUT
Respectively,
Thanks2u
Dodd's Lesson: You're Never Too Big to Fail - WSJ.com
Servicers, White House Point Fingers as Foreclosure Plan Fails The Washington Independent
Only 31,000 Americans Entered Into Mortgage Modifications for Obama's Housing Help Program - The World Newser
THANKS2U
LoanSafe Member
Hmm Sorry
For some reason the Dodd is a dud article www takes you to a pay site to read the article
HOWEVER, WHEN I FIRST DISCOVERED THE ARTICLE IS WAS FREE TO READ on the Wall Street Journal
ANYWAY TO READ THE ARTICLE FROM THE WALL STREET JOURNAL JUST GO TO GOOGLE search AND TYPE IN THE WORDS LISTED BELOW
Dodd became a Dud Peter Eavis
Sorry again for that site trying to get cash - I have NEVER had that happen before - Times are tough everywhere I guess !!!
For some reason the Dodd is a dud article www takes you to a pay site to read the article
HOWEVER, WHEN I FIRST DISCOVERED THE ARTICLE IS WAS FREE TO READ on the Wall Street Journal
ANYWAY TO READ THE ARTICLE FROM THE WALL STREET JOURNAL JUST GO TO GOOGLE search AND TYPE IN THE WORDS LISTED BELOW
Dodd became a Dud Peter Eavis
Sorry again for that site trying to get cash - I have NEVER had that happen before - Times are tough everywhere I guess !!!
davephx
LoanSafe Member
The Dodd Dub has nothing to do with HAMP he has been supportive.
And HE can't do anything himself if can't get it to the floor of the Senate.
The 2nd article has some very good stuff towards the end (edited down highlights):
Diane Thompson, an attorney with the National Consumer Law Center, said the situation has gotten so ridiculous that servicers are simply looking for excuses to deny loan modifications.
“I met with a woman who oversees a counseling program in St. Louis, and she told me that the most common reason for denials now is that the borrower’s hardship isn’t permanent — surely at some point in time the borrower will get a new job,†she said. “And of course servicers continue to lose documents at an astounding rate. Any counselor I talk to is almost seething with frustration. I’ve had counselor after counselor in recent weeks tell me, “They’re just stalling.â€
“I think there’s a bit of a face-off developing between the administration and servicers. My impression is that servicers find the program burdensome and so would like to see it fail, but would prefer not to be held accountable for that failure. And the administration, of course, would prefer to see the program succeed. Whether this results in a scrapping of the program or a major reworking of it, I have no idea.â€
White, of Valparaiso, thinks the situation is even more dire.
“I would give it another month or two to see if they can do any better, but if not, it is definitely time to try something else,†he said of Making Home Afforable loan modifications. “As far as blaming the homeowners, that is really sad. From all reports I hear from housing counselors and legal aid lawyers, the servicers are losing the documentation. It is hard to believe that 75 percent of borrowers on temporary mods are making their payments but that they can’t come up with two pay stubs and a hardship statement. I think we are dealing with a massive failure and breach of contracts by the servicers.â€
The administration will handle this by continuing its current tactic of singling out for public condemnation servicers who aren’t doing enough loan modifications. But that approach hasn’t worked so far, and it’s not likely to be any more successful this year, said Kathleen Engel, a Suffolk University law professor and expert on mortgage securitization.
“A shame list may work when country club members don’t pay their dues, but I don’t think it works with servicers and lenders,†Engel said. “If it did, they wouldn’t have been making and financing abusive loans all these years.â€
What might work would be a massive, multi-billion dollar effort to get loans modified on a large scale, said Cecala, of Inside Mortgage Finance. But there would be little political support for spending that kind of money on troubled homeowners.
Cecala sees an entirely new direction in 2010 — lenders will enlist debt collection agencies to aggressively go after homeowners who walk away from their underwater mortgages. Or lenders will move to ensure a borrower’s credit remains impaired for a decade or more, should they walk away. In the meantime, the Obama administration will likely talk a good game, and keep criticizing servicers, while only small numbers of homeowners end up with lower payments.
In the end, Cecala said, the only thing that will become clear is that “there’s plenty of blame to go around†for a program that began this time last year with lofty expectations, and then fell painfully short.
And HE can't do anything himself if can't get it to the floor of the Senate.
The 2nd article has some very good stuff towards the end (edited down highlights):
Diane Thompson, an attorney with the National Consumer Law Center, said the situation has gotten so ridiculous that servicers are simply looking for excuses to deny loan modifications.
“I met with a woman who oversees a counseling program in St. Louis, and she told me that the most common reason for denials now is that the borrower’s hardship isn’t permanent — surely at some point in time the borrower will get a new job,†she said. “And of course servicers continue to lose documents at an astounding rate. Any counselor I talk to is almost seething with frustration. I’ve had counselor after counselor in recent weeks tell me, “They’re just stalling.â€
“I think there’s a bit of a face-off developing between the administration and servicers. My impression is that servicers find the program burdensome and so would like to see it fail, but would prefer not to be held accountable for that failure. And the administration, of course, would prefer to see the program succeed. Whether this results in a scrapping of the program or a major reworking of it, I have no idea.â€
White, of Valparaiso, thinks the situation is even more dire.
“I would give it another month or two to see if they can do any better, but if not, it is definitely time to try something else,†he said of Making Home Afforable loan modifications. “As far as blaming the homeowners, that is really sad. From all reports I hear from housing counselors and legal aid lawyers, the servicers are losing the documentation. It is hard to believe that 75 percent of borrowers on temporary mods are making their payments but that they can’t come up with two pay stubs and a hardship statement. I think we are dealing with a massive failure and breach of contracts by the servicers.â€
The administration will handle this by continuing its current tactic of singling out for public condemnation servicers who aren’t doing enough loan modifications. But that approach hasn’t worked so far, and it’s not likely to be any more successful this year, said Kathleen Engel, a Suffolk University law professor and expert on mortgage securitization.
“A shame list may work when country club members don’t pay their dues, but I don’t think it works with servicers and lenders,†Engel said. “If it did, they wouldn’t have been making and financing abusive loans all these years.â€
What might work would be a massive, multi-billion dollar effort to get loans modified on a large scale, said Cecala, of Inside Mortgage Finance. But there would be little political support for spending that kind of money on troubled homeowners.
Cecala sees an entirely new direction in 2010 — lenders will enlist debt collection agencies to aggressively go after homeowners who walk away from their underwater mortgages. Or lenders will move to ensure a borrower’s credit remains impaired for a decade or more, should they walk away. In the meantime, the Obama administration will likely talk a good game, and keep criticizing servicers, while only small numbers of homeowners end up with lower payments.
In the end, Cecala said, the only thing that will become clear is that “there’s plenty of blame to go around†for a program that began this time last year with lofty expectations, and then fell painfully short.
davephx
LoanSafe Member
My comments posted at the above article:
Other than losing the paperwork many servicers are simply refusing to follow the HAMP directives and making up their own rules to assure borrows will not get a decent affordable modification.
HAMP if followed is a good program and fully funded but its under TARP with no enforcement authority without Congress acting to make a law.
Massive foreclosure sales if HAMP fails will further drive down home values and continue to hurt the economy - and could take down many larger banks with the huge losses on very underwater foreclosure sales.
Many underwater homeowners want to keep their homes as long as the payments can be reduced as under HAMP.
But most of the servicers are trying to avoid HAMP directives and they make more money by foreclosing, managing the property, and selling it even at huge losses for the investor (not servicer). And what about 70% of 1st mortgages are GSE owned or guaranteed (Fannie/Freddie/GINNE) so the servicers make money and the taxpayers lose from the huge losses while the borrow desperately wants to keep their homes even if underwater.
Other than losing the paperwork many servicers are simply refusing to follow the HAMP directives and making up their own rules to assure borrows will not get a decent affordable modification.
HAMP if followed is a good program and fully funded but its under TARP with no enforcement authority without Congress acting to make a law.
Massive foreclosure sales if HAMP fails will further drive down home values and continue to hurt the economy - and could take down many larger banks with the huge losses on very underwater foreclosure sales.
Many underwater homeowners want to keep their homes as long as the payments can be reduced as under HAMP.
But most of the servicers are trying to avoid HAMP directives and they make more money by foreclosing, managing the property, and selling it even at huge losses for the investor (not servicer). And what about 70% of 1st mortgages are GSE owned or guaranteed (Fannie/Freddie/GINNE) so the servicers make money and the taxpayers lose from the huge losses while the borrow desperately wants to keep their homes even if underwater.
THANKS2U
LoanSafe Member
Thank you for your hard work davephx !
The above 2 posts are right on !
Here is a recent article from The Huffington Post
David Sirota: After Helping Gordon Gekko Evade the SEC, Will Geithner Finally Now Be Fired?
Thanks again davephx
Respectfully,
Thanks2u
davephx
LoanSafe Member
RE: Geithner
For the most part I think Geithner has done a good job and the last thing we need is him gone and someone new to start all over again with the HAMP mess. Treasury has been desperatley trying to get the Services to follow the rules with no enforcement power.
Related to AIG, I agreed with the need to bail them out at the time knowing how close we had to a totaly financial system collapse. I don't think HE had anything to do with having the counter parties being paid 100% - which should not have been done. But these like the executive pay were legally enforceable contracts and I am not sure what he could or should have done to violate private contract law.
I think we need to concentrate on the current situation and not who should have, could have, maybe ... from past decisions that were in the best interest to save from a totally collapse and Depression that was avoided.
Lets blame where blame should be and that is with the servicers for not following HAMP/Treasury directives. So far the Treasury has been totally on our side. We don't need to mess it up getting all worked up over what Geithner should have or could have done with AIG last year.
For the most part I think Geithner has done a good job and the last thing we need is him gone and someone new to start all over again with the HAMP mess. Treasury has been desperatley trying to get the Services to follow the rules with no enforcement power.
Related to AIG, I agreed with the need to bail them out at the time knowing how close we had to a totaly financial system collapse. I don't think HE had anything to do with having the counter parties being paid 100% - which should not have been done. But these like the executive pay were legally enforceable contracts and I am not sure what he could or should have done to violate private contract law.
I think we need to concentrate on the current situation and not who should have, could have, maybe ... from past decisions that were in the best interest to save from a totally collapse and Depression that was avoided.
Lets blame where blame should be and that is with the servicers for not following HAMP/Treasury directives. So far the Treasury has been totally on our side. We don't need to mess it up getting all worked up over what Geithner should have or could have done with AIG last year.
hope67
LoanSafe Member
This is from HAMP Dec 22 update, (See the text in red) I'm interpreting this to mean we do not have to keep making payments after we successfully complete the trial period.
<DIR><DIR><DIR><DIR>Q1222-01 How should servicers handle situations where an eligible borrower successfully completed the HAMP trial period but has not been converted by the servicer to a permanent modification in a timely fashion?
</DIR></DIR></DIR></DIR>[FONT=Arial,Arial][FONT=Arial,Arial]In situations where an eligible borrower successfully completed the trial period (including providing the required documentation and making the required payments) and should have been converted to a permanent modification, but for reasons beyond their control were not timely evaluated for a permanent modification, the servicer must promptly make a determination as to whether the borrower is eligible for a permanent HAMP modification. If the borrower is eligible, then the servicer must offer the borrower a permanent HAMP modification as soon as possible, but in no event later than sixty days after discovering the error, including, but not limited to, discovery through notification from MHA Compliance, the servicer’s own procedures, or notice provided by the borrower. In addition, servicers must make permanent HAMP modification offers to eligible borrowers that are identified as currently being in this situation by February 28, 2010. The permanent HAMP modification offered must put the borrower in the same position as he or she would have been had the servicer converted the borrower to a permanent modification in accordance with the program requirements. A borrower in this situation remains eligible for a permanent HAMP modification regardless of whether the borrower failed to make trial period payments following the successful completion of the trial period. [/FONT][/FONT]
https://www.hmpadmin.com/portal/docs/hamp_servicer/hampconversionfaqs.pdf
[FONT=Arial,Arial][FONT=Arial,Arial][/FONT][/FONT]
[FONT=Arial,Arial][FONT=Arial,Arial]
[/FONT][/FONT]<!-- google_ad_section_end --><SCRIPT type=text/javascript><!--google_ad_client = "pub-9439165354589625";/* 336x280, created 12/9/09 */google_ad_slot = "3961481147";google_ad_width = 336;google_ad_height = 280;//--> </SCRIPT><SCRIPT src="http://pagead2.googlesyndication.com/pagead/show_ads.js" type=text/javascript> </SCRIPT><SCRIPT>google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);</SCRIPT><INS style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; VISIBILITY: visible; PADDING-BOTTOM: 0px; MARGIN: 0px; WIDTH: 336px; BORDER-TOP-STYLE: none; PADDING-TOP: 0px; BORDER-RIGHT-STYLE: none; BORDER-LEFT-STYLE: none; POSITION: relative; HEIGHT: 280px; BORDER-BOTTOM-STYLE: none"><INS style="PADDING-RIGHT: 0px; DISPLAY: block; PADDING-LEFT: 0px; VISIBILITY: visible; PADDING-BOTTOM: 0px; MARGIN: 0px; WIDTH: 336px; BORDER-TOP-STYLE: none; PADDING-TOP: 0px; BORDER-RIGHT-STYLE: none; BORDER-LEFT-STYLE: none; POSITION: relative; HEIGHT: 280px; BORDER-BOTTOM-STYLE: none"></INS></INS>
<DIR><DIR><DIR><DIR>Q1222-01 How should servicers handle situations where an eligible borrower successfully completed the HAMP trial period but has not been converted by the servicer to a permanent modification in a timely fashion?
</DIR></DIR></DIR></DIR>[FONT=Arial,Arial][FONT=Arial,Arial]In situations where an eligible borrower successfully completed the trial period (including providing the required documentation and making the required payments) and should have been converted to a permanent modification, but for reasons beyond their control were not timely evaluated for a permanent modification, the servicer must promptly make a determination as to whether the borrower is eligible for a permanent HAMP modification. If the borrower is eligible, then the servicer must offer the borrower a permanent HAMP modification as soon as possible, but in no event later than sixty days after discovering the error, including, but not limited to, discovery through notification from MHA Compliance, the servicer’s own procedures, or notice provided by the borrower. In addition, servicers must make permanent HAMP modification offers to eligible borrowers that are identified as currently being in this situation by February 28, 2010. The permanent HAMP modification offered must put the borrower in the same position as he or she would have been had the servicer converted the borrower to a permanent modification in accordance with the program requirements. A borrower in this situation remains eligible for a permanent HAMP modification regardless of whether the borrower failed to make trial period payments following the successful completion of the trial period. [/FONT][/FONT]
https://www.hmpadmin.com/portal/docs/hamp_servicer/hampconversionfaqs.pdf
[FONT=Arial,Arial][FONT=Arial,Arial][/FONT][/FONT]
[FONT=Arial,Arial][FONT=Arial,Arial]
[/FONT][/FONT]<!-- google_ad_section_end --><SCRIPT type=text/javascript><!--google_ad_client = "pub-9439165354589625";/* 336x280, created 12/9/09 */google_ad_slot = "3961481147";google_ad_width = 336;google_ad_height = 280;//--> </SCRIPT><SCRIPT src="http://pagead2.googlesyndication.com/pagead/show_ads.js" type=text/javascript> </SCRIPT><SCRIPT>google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);</SCRIPT><INS style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; VISIBILITY: visible; PADDING-BOTTOM: 0px; MARGIN: 0px; WIDTH: 336px; BORDER-TOP-STYLE: none; PADDING-TOP: 0px; BORDER-RIGHT-STYLE: none; BORDER-LEFT-STYLE: none; POSITION: relative; HEIGHT: 280px; BORDER-BOTTOM-STYLE: none"><INS style="PADDING-RIGHT: 0px; DISPLAY: block; PADDING-LEFT: 0px; VISIBILITY: visible; PADDING-BOTTOM: 0px; MARGIN: 0px; WIDTH: 336px; BORDER-TOP-STYLE: none; PADDING-TOP: 0px; BORDER-RIGHT-STYLE: none; BORDER-LEFT-STYLE: none; POSITION: relative; HEIGHT: 280px; BORDER-BOTTOM-STYLE: none"></INS></INS>
THANKS2U
LoanSafe Member
I am concentrating on the current situation
In nearly ALL circumstances of politics, I believe the truth shall set us free, thus FORCING those who are suspect, Like Giethner & Dodd, to PROVE THEY TRULY ARE ON OUR SIDE AND WILL BE HELD ACCOUNTABLE FOR DOING ALL THEY CAN TO PROVIDE SUSTAINABLE ACTIONS & NOT JUST LIP SERVICE...
Opinions are always welcome here and my opinion is that Geithner & Dodd are Duds, until they both prove otherwise through their actions, which will help provide Permanent & Sustainable Modifications.
There is MUCH MORE they both could be doing about the current loan Modification Crisis.
Their concentration is fading into too little too late...
davephx
LoanSafe Member
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.
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.