ARLENE MITCHELL NEEDS MATTHEW HEIL'S LIGHTENING SPEED REPRIEVE!

WELLS FARGO'S IGNORED
ARLENE MITCHELL
SINCE APRIL 2009

ATTN DEAR READERS LOOKING FOR HELP!!!
LOSS MITIGATION IS A HUGE BLACK HOLE - DO NOT GO THERE

THE ABSOLUTE ONLY PLACE YOU WILL FIND HELP IS:
THE PRESIDENTIAL EXECUTIVE COMMUNICATIONS OFFICE


AN ANGEL FROM HEAVEN, YOU WILL LOVE MATT!!
Matthew Heil: 515-324-2360 (AMAZING, KIND, GOES ABOVE AND BEYOND!)
matthew.heil@wellsfargo.com
OR matt.heil@wellsfargo.com (TRY BOTH)

Cara K. Heiden, Co-President cara.k.heiden@wellsfargo.com
Mike Heid, Co-President mike.heid@wellsfargo.com

EXCELLENT SOURCE OF HELP!!
Sharon Cecil, Executive Manager, sharon.cecil@wellsfargo.com
Executive Manager to President and Vice President
Executive Communications Executive Communications Offices
Wells Fargo Home Mortgage
MAC X2302 - 02J
1 Home Campus
Des Moines, IA 50328-0001
515-324-2416 (Sharon Cecil's direct phone)
515-324-2417 (Sharon Cecil's direct Fax)
sharon.cecil@wellsfargo.com

SHARON/CARA/MARY/RICK/AMANDA

ARLENE MITCHELL IN ARIZONA
WELLS FARGO STOP IGNORING HER
GIVE HER THE "MATTHEW HEIL" AND BE DONE WITH HER!!
623-388-8939

I want to thank you for your Wells Fargo site. I have just e-mailed the 4 people you listed. I will see if I can get a response.

Below is the e-mail I sent to them. This has been an ongoing fight since April

...with them wanting the same things re-sent to them, because "they want their files updated monthly", you name it..... The thing that really has gotten me the angriest is them trying to deny me because my debt ratio is too high, which is because of their loans!!!!! I only have one credit card debt, all the rest is them and they won't come out and admit it. They keep ignoring me.

They set up a seminar in Phoenix that I have an appt to go to on Wednesday. I have a feeling I am going to waste my time. They claim they are going to do modifications right then and there. Well.....why can they do that but not finish mine? I'll learn then.

I just don't know what to do if they still refuse to modify both my loans. It was my understanding that banks are modifying both mortgage loans and home equity lines. I even wrote the federal bankruptcy judge that is pulling in WF to explain their problems to let him know what my situation is.

This is what is going on with me (what I wrote the 4 people.)

I am one of your customers requesting your help with these modifications. I went thru the Hope Foundation to try to get my mortgage and home equity line rolled into one loan with a 3% rate, since every time I called Wells Fargo I was given a different phone number and nobody would give me any form of help. The Hope Foundation faxed the to Wells Fargo. Since April, Wells Fargo had told me they could do this modification. Now, I was just told that they cannot do this and they are only trying to modify my main loan AND the modification department has been denying it due to a high debt ratio (because of the home equity line thru Wells Fargo which was never fully used!)

There is a balloon payment on the home equity in 2 years. That was the reason for the modification request and because my husband has not had a raise in four years while our bills keep rising, so we have not had enough to cover all bills. The Hope Foundation told me that Banks are combining mortgages and home equity lines into one mortgage to help the struggling homeowners.

Why is Wells Fargo not????? I have had customer service reps get quite rude with me (ex: why do you need a modification? You have $92. left over at the end of the month after bills! If people would look at the financial statement, that means I have no money to pay toward any principle on the home equity line and nothing for emergencies). I am requesting help with this. My payments have never been late and my husband and I both have high FICO scores, besides being a customer of yours for 8 years with our banking. I do have an appt. Wednesday in Phoenix to meet with a rep. but have a feeling we are going to run into all the same problems that I've had from the beginning. I am requesting a response.

Arlene Mitchell
623-388-8939
ammitchell9970@yahoo.com

Again, thank you for listening to me.

RESPONSE FROM KELLY L. HANSEN

Hi Arlene,

I want to thank you SO MUCH for taking the time to write and share what is going on with you in your life, in your heart, so we can start praying NOW!!! for an awesome outcome.

PROMISE ME you will also immediately send your heartfelt e-mail to Matt Heil. I've given you his contact information in the next paragraph, and also above. You will also see in an e-mail I'm going to send you after I post this in our blog (you are experiencing EXACTLY THE SAME ISSUES EVERYONE ELSE WHO WRITES IS EXPERIENCING AND YOUR LETTER IS GOING TO GIVE THEM HOPE) a great deal of contact names who will be receiving YOUR DETAILED INFORMATION, and their goals are to MAKE THINGS HAPPEN.

Matthew Heil, Cara, Mary and Sharon are wonderful, but Matt, lately, has been the one to make thing happen VERY VERY FAST. So, it sure can't hurt to go ahead and contact him as well, follow up with a call to each one of these people (even if you only get their voice mails) AND I MEAN CALL HIM FIRST THING IN THE MORNING.

I've learned, the ONLY way to get a response to YOUR issue, (they are bombarded with thousands every day -- so you have to make yours stand out) You have to be committed to be a big BOTHER, BOTHER, BOTHER. I can tell you aren't like that. When I started, I had never been like that. I could have saved my home. I know that NOW!

BUT, you CAN save your home, if you just for now commit to being a BOTHER, BIG ANNOYING BOTHER. The squeaky wheel gets attention. AND IF YOU DON'T GET THE ATTENTION YOU NEED CALL ME.

I've stayed up all night with people to motivate them, I've called with people, I've gathered groups together to picket, I've helped people people prepare documents to present themselves in Court Pro Se, sometimes I stand in Court with them. I'll walk through this with you because I understand it is hard. It is scary.

BUT YOU'VE HUNG ON SINCE APRIL.

I'm going to post this now, and I'm going to finish working on a Rhode Island case.

When you call Matthew Heil today, ask him if you even need to go to the Phoenix meeting -- maybe he can finalize everything for you over the phone. (He usually does.)

If you do have to go to the meeting, ask him to find out who you will be meeting with, their title, their true qualifications (will they really be able to confirm mods right there -- reinstatements better with past due amount added to the back end like they do for most with no additional fee added -- hey tough times and bail out funds. Wells Fargo has promised to use those funds to help people. It is no skin off their back. Have them combine your loans, 3%, 30 year conventional, reinstatement, missed payments tacked on to the back, with the next payment due in two months -- give you some breathing time.)

Do this, let me know his response ASAP.

I look forward to speaking with you soon!

GBU! (PRAY UNCEASINGLY!)

Kelly Hansen

The VERY BEST contact at Wells Fargo (fastest) is Matthew Heil in the Presidential Executive Communications Offices.

Matthew Heil: 515-324-2360
matthew.heil@wellsfargo.com
matt.heil@wellsfargo.com

Sharon Cecil
Manager - Executive Communications
Executive Communications Offices
Wells Fargo Home Mortgage
MAC X2302 - 02J
1 Home Campus
Des Moines, IA 5328-0001
515-324-2416 (Sharon Cecil's direct phone)
515-324-2417 (Sharon Cecil's direct Fax)
sharon.cecil@wellsfargo.com


Matthew Heil: 515-324-2360


DEPENDING ON WHAT YOU NEED THEM TO DO ON YOUR NEW LOAN, ABSOLUTELY
NO ADDITIONAL CHARGES SHOULD BE ADDED IN.
YOU ARE ASKING FOR STANDARD REINSTATEMENT LOAN/NOTHING SPECIAL.
THEY DO THIS EVERY DAY.
MATTHEW DOES THESE DAILY, USUALLY IN A MATTER OF 10 MINUTES. HE'S BEAUTIFUL!

STEPHANIE SANTI: ABSOLUTELY NO NO NO. NIGHTMARE FROM THE WORK HELLO.
DEBRA WALSH: NO.

RICK KELPHART: yes, good, just not as fast as Matt.
SHARON CECIL: yes, excellent.
MARY COFFIN: yes, excellent. VP
CARA K. HEIDEN CO-PRESIDENT
MIKE HEID: CO-PRESIDENT

Please call me if I can assist you, Arlene, in any other way. If you don't get a fast response, let me know. Sometimes a group of us have to start calling every 10 minutes, loading up the lines in Des Moines and in San Francisco, before we finally get them to respond. I know it's not nice, but they're not nice sometimes, and we have to do what we have to do to get taken care of.

So, Good Luck and God Bless You! KEEP ME POSTED, PLEASE!!! I encourage you to share your experience with me so I can share it with the readers of our blog. Everyone needs to share and help each other through this. Sometimes it's the only hope that keeps us going. So please, please let us know how you do. WE ARE ALL WITH YOU IN PRAYER, CONSTANTLY!!

THE AUDACITY OF NOPE

Wells Fargo Executives and

The Audacity of Nope

Dear esteemed Senators Dodd and Schumer and U.S. Dept. of Treasury members:

My wife and I just turned fifty. We’ve been together for 30 amazing years. We have an excellent credit score, have never missed a payment of any kind, have zero credit card debt and own one car, a Prius.

We are two very thrifty, very responsible people, who live in a 1,500 square foot house in Florida that we bought in 2006. It’s the biggest house we’ve ever lived in. It’s all we need.

WELLS FARGO owns our mortgage. Qualifying for the mortgage was a snap. WELLS FARGO didn’t even ask for a survey. Not even sure they required an appraisal. Stated income was all WELLS FARGO required. We complied. Then the economy went south.

In March, the Obama administration launched a $50 billion plan to give the lending industry financial incentives to modify mortgages, lowering payments for struggling borrowers such as ourselves. We qualified for a loan modification, so, hat in hand, I called WELLS FARGO to ask about modifying our loan. I would have had better luck calling Donna Fargo. Or Fargo, North Dakota . How ‘bout Fargo Feed & Seed? I called again and again and got nowhere. I bypassed the 800 numbers and called WELLS FARGO headquarters. Did I get any help?

NOPE.

So I contacted the WELLS FARGO EXECUTIVES via e-mail. Not just any executives mind you. I’m talking about Howard Atkins CFO, John Stumpf CEO, Richard Levy and Mark Oman, both VP’s. Out on the links a caddy must have been alerted and my phone rang minutes later. Wow—the power of the internet.

We were told we qualified for the loan modification but first had to go through an application process. Nightmare doesn’t begin to describe it. We slogged through piles of paperwork. We jumped through hoops of Ruthian proportions. We did everything asked of us. Then we waited. And waited some more. Weeks passed. Then months.

We wondered if our loan would ever be modified. And we wondered. And wondered some more. Fed up, I tried the numbers WELLS FARGO left us and – you guessed it – nothing. So I tried e-mailing WELLS FARGO EXECUTIVES again.

Bingo. I suppose the brass doesn’t like being bothered when they’re having their hair done. We finally got an answer to our question about the loan modification. And here’s what WELLS FARGO had to say:

“NOPE.”

When I asked why, I wasn’t given an answer. So I e-mailed the WELLS FARGO EXECUTIVES again and again and again. Over fifty times. They handed me off to a representative from Hell. So I asked her why we were denied a loan modification. Her reply stunned me and I’m thinking it will stun you:

“Mr. C., we cannot modify your loan because you do not make enough money.”

Well, duh.

I told her that was exactly why I needed a loan modification. Her response?

“Mr. C., even if we modified your loan, it wouldn’t help you.”

Theater of the Absurd? Lost episode of Candid Camera, perhaps? Punked by Ashton Kutcher maybe?

NOPE.

This is what STEPHANIE SANTI, EXECUTIVE MORTGAGE SPECIALIST, WELL FARGO’S OFFICE OF THE PRESIDENT actually told me. She called it "WELLS FARGO POLICY."

It gets crazier. STEPHANIE SANTI further explained that saving money would not matter to us. That avoiding foreclosure would not matter to us. That ruining our perfect credit rating would not matter to us. She suggested a short sale. She suggested bad credit rating for years to come. She suggested foreclosure.

She suggested shame.

Then, as punishment for even broaching the subject of a loan modification, WELLS FARGO began inundating us with threatening letters and voice-mails. Tons. For no reason. We had not fallen behind on payments. Still haven’t. But the calls persisted. And the letters. And they persist to this day.

Meanwhile, on August 6th, WELLS FARGO said it was increasing the salaries of its top four executives, including CEO John Stumpf (john.g.stumpf@wellsfargo.com). Executive compensation at banks has been a hot-button topic in recent months, especially for firms like WELLS FARGO that received government bailout funds last fall. WELLS FARGO received $25 billion as part of the Treasury Department's Troubled Asset Relief Program, which was launched at the peak of the credit crisis. Some of that money is mine.

WELLS FARGO is also raising the salaries of Dave Hoyt, Mark Oman, (mark.oman@wellsfargo.com) and Howard Atkins (howard.i.atkins@wellsfargo.com) . Hoyt serves as head of wholesale banking. Oman is the bank's head of home and consumer finance, while Atkins is WELLS FARGO’S chief financial officer.

But none of these extremely important, overpaid, self satisfied, well groomed and manicured executives with such wonderful teeth will allow us to modify our loan. And that just doesn’t make sense. Here’s why:

We qualify for a loan modification…
We pay taxes…
WELLS FARGO took TARP funds…
Nevertheless, all we get from WELLS FARGO is:

“NOPE. NOPE. NOPE.”

Can somebody please explain this to us? It defies comprehension in our opinion.

WELLS FARGO EXECUTIVES can be reached at:

richard.d.levy@wellsfargo.com
john.g.stumpf@wellsfargo.com
howard.i.atkins@wellsfargo.com
mark.oman@wellsfargo.com

Sincerely,

Shawn C. To: Herbert Allison herbert.allison@do.treas.gov;
Meg Reilly ; Jenni LeCompte jenni.lecompte@do.treas.gov;
Gabrielle Trebat ; Andrew Williams andrew.williams@do.treas.gov;
Senator Chuck Schumer ; bryan_deangelis@dodd.senate.gov;
George Hearst ; Steven Swartz sswartz@hearst.com;
Ronald Doerfler ; James Asher jasher@hearst.com;
ctsmyhon@yahoo.com; jedelson@kamberedelson.com; jmurdoch@newscorp.com; ccarey@newscorp.com;
Alan Murray ; Wall Street Letters wsj.ltrs@wsj.com;
Richard Levy ; Mark Oman mark.oman@wellsfargo.com;
John Stumpf ; Howard Atkins howard.i.atkins@wellsfargo.com;
Julie <4juliec@verizon.net>; Gary Waid garybwaid@yahoo.com;
D Devoe ; Arthur Sulzberger publisher@nytimes.com;
Eddy Hartenstein eddy.hartenstein@latimes.com

Sent: Tuesday, August 25, 2009 11:37:18 AMSubject

BRAVO SHAWN C!

STEPHANIE SANTI? I believe it was time for you to go home
a few months ago.

WELLS FARGO YOU'RE LOSING IT! And, did you really even ever have
it to begin with?

Shawn, beautifully put. Thank you for including me in your e-mail distribution.

I am featuring you up front in 'WELLS FARGO CAUGHT!' a blog for people uniting to share support, stories, and now joining together in class actions suits all across the country because instead of being treated like the valueable customers and homeowners they are, they instead are walked on and made to feel about as important as the dirt on which their homes sit. One thing I know for sure...WHAT GOES AROUND, COMES AROUND. Wells Fargo WILL REAP what they have sewn. Shawn, you and Mrs. C are in my prayers. I believe you will receive the help you seek.

The Home Equity Theft Reporter

The Home Equity Theft Reporter

• Federal Suit Says Wells Fargo Illegally Cut Illinois Homeowner's HELOC; Class Action Status Sought

  posted by Home Equity Theft Reporter at The Home Equity Theft Reporter - 8 hours ago

  In Chicago, Illinois, Reuters reports:An Illinois homeowner accused Wells Fargo & Co, the largest U.S. mortgage lender, in a lawsuit of summarily cutting home equity lines of credit by undervaluing customers...
• 

  Arizona Bankruptcy Judge Orders Wells Fargo Exec Into Court To Explain Mortgage Servicer's Loan Modification Policy

  posted by Home Equity Theft Reporter at The Home Equity Theft Reporter - 8 hours ago

  In Phoenix, Arizona, KPHO-TV Channel 5 reports:A federal bankruptcy judge has ordered a top Wells Fargo executive to testify in court about the bank's loan modification policies. The order came in response t...

  
  

http://www.wfhmcaught.blogspot.com/google3a0d089982a6f3f1.html

http://www.wfhmcaught.blogspot.com/google3a0d089982a6f3f1.html

IT'S NO SURPRISE WHY LENDERS AND MORTGAGE SERVICERS ARE DRAGGING THEIR FEET

WHY IT'S CERTAINLY NO SURPRISE
MORTGAGE LENDERS AND LOAN SERVICERS
DRAG THEIR FEET TO SPEED UP MODIFICATIONS.

BUT

YOU'D THINK THE REALITY OF THEIR SOON TO
BE EXPOSED PREDATORY TACTICS WOULD MOTIVATE
THEM TO AT LEAST WANT TO APPEAR COOPERATIVE.

SOON, VERY VERY SOON I HOPE AND PRAY THE NATION WILL REALIZE 93% OF EVERY SINGLE HOME HAS BEEN PAID FOR 50-100 TIMES OVER, THANKS TO THE BUNDLING OF MORTGAGE BACKED ASSETS, SECURITIZATION AND LIQUIDIZATION, TRANSFORMING THE SECURITY INSTRUMENTS INTO STOCK PAPERS TO BE SOLD TO INVESTORS IN THE FORM OF BONDS, CASH INSTRUMENTS.

IF YOUR LENDER CLAIMS "OWNERSHIP" OF THE ORIGINAL NOTE THAT SECURES AN INTEREST IN YOUR HOME, INSIST HE PRESENT YOU WITH THE ORIGINAL CERTIFIED, NOTARIZED DOCUMENT PROVING ORIGINAL SIGNATURES.

IF HE IS UNABLE TO PROVIDE YOU WITH AN ORIGINAL, DO NOT ACCEPT A LOST NOT AFFIDAVIT!!! CONTACT THE Securities and Exchange Commission AND ASK THEM TO HELP YOU FIND OUT IF YOUR PROPERTY WAS LIQUIDIZED, SOLD, AND BECAME PART OF A POOLING AND SERVICING AGREEMENT.

This usually happens THE SAME MONTH YOU PURCHASED YOUR HOME. However, because of the rise and fall of so many mortgage companies have them help you by looking up your address, or by name, mortgage lender, servicer, etc. They are extremely helpful.

THEY'D BETTER START MOVING OR THEY WILL
SUFFER THE BIGGER BRUISE AS A RESULT
OF STILL ANOTHER STUPID DECISION.

Impatience Grows Among Lawmakers
With Lenders, Mortgage Servicers
On Lack Of Progress On Loan Modifications

The Washington Independent reports:

A top Democrat on Monday warned the nation’s banks that, unless they get more aggressive in modifying mortgages to prevent foreclosure, Congress will renew previous efforts to empower families to keep their homes through bankruptcy. But Sen. Richard Durbin (Ill.), the upper-chamber’s second ranking Democrat, also gave the banks three months to comply with his ultimatum — a span over which roughly 1 million new homeowners are projected to enter foreclosure. [...] “I want to put the banks and mortgage servicers on notice today,” said Durbin, who sent letters Monday to each of the 34 banks that have already signed on to participate in the administration’s modification program.
The comments arrive just days after another powerful Democrat, House Financial Services Committee Chairman Barney Frank (D-Mass.), issued a similar threat to revisit cramdown. The statements are evidence of a growing impatience among some lawmakers with the banking industry’s efforts to stabilize the still-volatile housing market.
For more, see Durbin Gives Bailed Out Banks ‘Cramdown’ Ultimatum (Senate Democrat Threatens to Bring Back Bankruptcy Law Change).
posted by Home Equity Theft Reporter at 4:03 AM links to this post
Thursday, July 30, 2009

Lenders, Mortgage Servicers Continue To Force Borrowers To Waive Legal Rights As Part Of Loan Modification Process
The Washington Independent reports:
Even as the Obama administration presses the lending industry to get more mortgage loans modified, the practice of forcing borrowers to sign away their legal rights in order to get their loans reworked is a tactic that some servicers just won’t give up on. Waivers requiring borrowers to give up any legal claims related to their mortgages, even in cases where borrowers may be victims of predatory lending, are showing up sporadically in loan modification agreements under the Obama administration’s Making Home Affordable plan, consumer attorneys say. They were stunned to find the legal waivers still being used, despite more than a year of efforts – including calls from lawmakers – to get rid of them.
“It was shocking to see that people are still being asked to waive their legal rights,” said Bruce Dorpalen, national director of housing counseling for ACORN Housing Corp. “I mean, this should be abolished. It’s incredible that it’s still in there.” [...] The Treasury Department’s published guidelines for the $75 billion taxpayer funded program specifically prohibit the waivers. Mortgage giants Fannie Mae and Freddie Mac removed the waivers from their standard loan modification agreements earlier this year. But Diane Thompson, an attorney with the National Consumer Law Center, said she has seen legal waivers resurface in loan modification agreements by Aurora Loan Services, Ocwen Financial Corp., and other firms. She also is getting complaints about waivers in Bank of America agreements. “The waivers continue to be an issue,” Thompson said.(1)
For more, see Loan Servicers Work the Fine Print in Obama Foreclosure Plan (A Year After Calls for Reform, Borrowers Still Forced to Waive Legal Rights for Loan Modifications).
(1) It may be time for the Obama administration to stop throwing money at the lenders and servicers for loan modification programs and redirect the cash towards establishing and supporting foreclosure defense programs for financially strapped homeowners the way Florida Attorney General Bill McCollum recently did. See Attorney General Launches Multi-Million Dollar Grant Program for Foreclosure Defense Assistance (The Florida Bar Foundation will help administer $4 million in grants to legal services applicants).
The thought of having to deal with "producing the notes," and otherwise establishing proper legal standing to initiate foreclosures, as well as addressing allegations of fraud and violations of the applicable consumer protection laws is sure to get the attention of the mortgage industry, in my view. After all, why else are the loan servicers so intent on getting homeowners to waive their legal rights?
posted by Home Equity Theft Reporter at 9:53 AM links to this post
Wednesday, July 29, 2009

Admistration, Mortgage Servicers Meet; Agree To Increase Pace Of Loan Modifications
Bloomberg News reports:
Mortgage servicers meeting with Obama administration officials pledged to step up the pace of loan modifications, according to the U.S. Treasury. “With over 200,000 trial loan modifications already under way, we are on track to meet our goals,” Treasury Secretary Timothy Geithner said in a statement today. “Still, too many homeowners are at risk of foreclosure right now. Today’s meeting was an opportunity to identify ways to accelerate the program and bring relief faster.” The administration is setting a goal of beginning at least 500,000 trial modifications by Nov. 1, according to the statement.
For more, see Mortgage Servicers Pledge to Step Up Pace of Loan Modifications.
posted by Home Equity Theft Reporter at 4:09 AM links to this post
Monday, July 27, 2009

Mortgage Servicers To Explain Themselves To Administration Officials Regarding Failure To Keep People In Their Homes
In Washington, D.C., ABC News reports:
Mortgage servicers accused of not doing nearly enough to stem the nation's foreclosure crisis will sit down with the Obama administration tomorrow to tell their side of the story.(1) The meeting, the results of which are not expected to be made public until early next month, comes amid escalating criticism that both mortgage servicers and the government are ill-equipped to carry out Obama administration programs designed to help keep people in their homes. [...] The National Consumer Law Center, which presented testimony to the Senate earlier this month, has identified dozens of ways in which some mortgage servicers have failed to follow guidelines set by the Home Affordable Modification Program (HAMP), a five-month-old Obama administration program that pays servicers at least $1,000 for each loan modification.
Reportedly, Sen. Chris Dodd, D-Conn., has asked the administration to investigate alleged abuses of the program by mortgage servicers, which include:
Charging advance fees for loan modifications,
Telling homeowners they must be in default before becoming eligible for loan modifications,
Starting foreclosure proceedings even while a homeowner is under consideration for a loan modification.
For more, see Mortgage Companies to Meet With White House (Meeting Comes Amid Mounting Criticism of Obama Housing Programs).
(1) The mortgage servicers are responding to this recently extended invitation from Treasury Secretary Timothy F. Geithner and HUD Secretary Shaun Donovan to get together for a "friendly chat."
posted by Home Equity Theft Reporter at 7:51 AM links to this post
Wednesday, July 29, 2009

Frank Threatens To "Cramdown" Lenders, Mortgage Servicers For Foot-Dragging On Loan Modifications
The Associated Press reports:
A senior House Democrat threatened banks Wednesday that if they don't volunteer to save more homeowners from foreclosure, Congress will make them. In a sternly worded statement, Rep. Barney Frank said Congress will revive legislation that would let bankruptcy judges write down a person's monthly mortgage payment if the number of loan modifications remain low. Frank, chairman of the House Financial Services Committee, also said his committee won't consider legislation to help banks lend unless there is a "significant increase" in mortgage modifications. Frank's statement was aimed at adding momentum to a deal struck Tuesday between Treasury Secretary Timothy Geithner and more than two dozen mortgage companies. The two sides agreed to set the goal of adjusting 500,000 loans by Nov. 1.
***
"People in the servicing industry and in the broader financial industry must understand that if this last effort to produce significant modifications fails, the argument for reviving the bankruptcy option will be extremely strong, and I think there is a substantial chance that the outcome will be different," Frank said.
For more, see Frank threatens banks to stop foreclosures.
posted by Home Equity Theft Reporter at 2:49 PM links to this post
Thursday, July 09, 2009

Schwarzenegger Squeezed By Lenders, Servicers To Demand Rule Prohibiting California Attorneys From Accepting Retainers For Loan Mod Negotiations???
A press release issued by three California consumer advocates(1) announces:
The lending industry and loan servicing lobbyists have successfully pressured Governor Schwarzenegger to demand that language be included in SB 94 that would prohibit attorneys from accepting retainers for loan modification negotiations with their loan servicers.(2) The language, if adopted, will prevent homeowners from seeking legal representation to save their home from foreclosure.
For the rest of the press release, see Lending Industry Attacks California Homeowner's Rights to Legal Representation (California Governor Arnold Schwarzenegger told the legislature over the weekend that he would not sign AB 94, a law that would protect homeowners from mortgage modification companies, unless they included a clause that would prohibit attorneys from accepting retainers for performing legal services to prevent foreclosures).
(1) Martin Andelman, of mandelmanmatters on ml-implode.com; Alan Jablonski, a Long Beach, CA based consumer rights attorney, J. Arthur Roberts, a bankruptcy attorney located in Newport Beach, CA.
(2) Reportedly, the language proposed is as follows, according to Martin Andelman:
"5) Prohibits persons including attorneys, until January 1, 2013, who negotiates, attempts to negotiate, arranges, attempts to arrange, or otherwise offers to perform a mortgage loan modification or other compensation paid by the borrower to do any of the following:a) Claim, demand, charge, collect, or receive any compensation until after the licensee has fully performed each and every service the licensee contracted to perform or represented that he/she would perform."
posted by Home Equity Theft Reporter at 4:06 AM links to this post

The Home Equity Theft Reporter: Kansas AG Files Five Lawuits Against Outfits Allegedly Running Loan Modification & "Foreclosure Redemption Rights" Sca

The Home Equity Theft Reporter: Kansas AG Files Five Lawsuits Against Outfits Allegedly Running Loan Modification & "Foreclosure Redemption Rights" Scams

Well, they say the wheels of justice turn slowly, but I thank Steve Six his aggressive pursuit against Apple Assets LLC and Rush Properties. I lost over $100,000 in equity in a home I had owned for over 18 years with a perfect record prior to a lender error which snowballed.

I've also published my story about my experience with Apple Assets, and Wells Fargo Home Mortgage who, if not for their original error and their ridiculous 8 month ballet perfectly executed to keep me hanging on long enough for them to steal my home. They began to service my mortgage in 7-2004 when Waterfield Mortgage stopped originating mortgage loans.

I lost a lot more than money. I lost myself. Beware of these predatory lenders. They are predatory in every way.

God Bless You Steve Six!!

Invitation to connect on LinkedIn

LinkedIn I'd like to add you to my professional network on LinkedIn. - Kelly L. Hansen http://wfhmcaught.blogspot.com/ ctsmyhon@yahoo.com Learn more: https://www.linkedin.com/e/isd/673312435/Dx-6d6l_/ © 2009, LinkedIn Corporation Subscribe to: Posts (Atom) DO YOU NEED HELP TO AVOID FORECLOSURE? If you would like to receive information on how you might avoid the foreclosure of your home, please e-mail me your name, address, and phone number. Someone from our office will be in touch right away to assist you. With Warm Regards, Kelly L. Hansen, HOMEOWNERS HELPING HOMEOWNERS, ctsmyhon@yahoo.com Google + ID Search This Blog Blog Archive ▼  2014 (73) ▼  October (4) ECB WILL SEEK WHISTLEBLOWERS -- IMPOSE MONITORS ON... ERIC HOLDER RESIGNS. I VOTE FOR ERIC SCHNEIDERMAN... (MERS) MORTGAGE ELECTRONIC REGISTRATION SYSTEMS FACING FORECLOSURE? MARK YOUR CALENDERS!! ►  September (1) ►  August (6) ►  April (2) ►  March (26) ►  February (23) ►  January (11) ►  2010 (167) ►  July (7) ►  June (20) ►  May (45) ►  April (53) ►  March (40) ►  February (2) ►  2009 (72) ►  December (10) ►  September (4) ►  August (6) ►  July (3) ►  June (5) ►  May (10) ►  April (7) ►  March (2) ►  February (11) ►  January (14) ►  2008 (2) ►  December (2) Popular Posts FORECLOSURE FRAUD POSTS THE FABRICATED NOTES ACTUALLY SUBMITTED BY JPMORGAN CHASE AND THE FLORIDA DEFAULT LAW GROUP Foreclosure Fraud of the Week – Two “Original” Wet Ink Notes Submitted in the Same Case by the Florida Default Law Group and JPMorgan Chase ... (MERS) MORTGAGE ELECTRONIC REGISTRATION SYSTEMS (MERS) MORTGAGE ELECTRONIC REGISTRATION SYSTEMS Related articles   MERS cannot foreclose unless it is the holder of the underlying no... ERIC HOLDER RESIGNS. I VOTE FOR ERIC SCHNEIDERMAN TO REPLACE HIM! SEPTEMBER 29, 2014 Eric Holder Resigns Here's John Cassidy at the New Yorker:  Why Didn’t Eric Holder Go After the Bankers? ... L E V E R A G E . . . MBS Crime...Season 4, Episode 1 | "Alan said theywere seizing properties they didn't even own and signing foreclosureforms without even reading them..." Ford replied .... L E V E R A G E . . . MBS Crime...Season 4, Episode 1 | "Alan said they were seizing properties they didn't even own and signing fo... JUDGE ZLOCH, FINALLY, A JUDGE WHO "GETS IT." WordPress.com Neil Garfield posted: "In a short written opinion Judge William J Zloch, formerly of Notre D... I AGREE WITH YOU, MR. COX. IN ADDITION, I THINK RICHARD CORDRAY IS AWESOME! AND BY THE WAY, AMERICAN'S CAN'T RELY ON GOVERNMENT AT ALL TO PROTECT THEM. SO, THERE IS MY TWO CENTS! SENT IN BY DEONTOS!  THANK YOU! Servicing "Hero" foreclosure attorney slams Christopher Whalen, mortgage servicers Not kind ... YVES SMITH OF NAKED CAPITALISM REVEALS HIS KNOWLEDGE OF THE PRETENDERS IN THE SERVICING INDUSTRY Thank you, Deontos! Chris Whalen Goes Off the Deep End,   Issues Error-Filled Screed in Defense of Mortgage Servicers Posted on   March ... BOFA SETTLEMENT IS THE TENTH FOR THE FEDERAL HOUSING FINANCE AGENCY, WHICH IS THE AGENCY THAT REGULATES FANNIE AND FREDDIE BofA To Pay $9.3B To Settle With Fannie Mae, Freddie Mac Regulator NEIL GARFIELD, OF LIVINGLIES, ON THE IMPORTANCE OF THE STATUE OF LIMITATIONS Before You Sign Anything, File Anything, Consider the Statute of Limitations  by Neil Garfield With tens of thousands of cases running many ... "If we don't figure this out, you can go ahead and shut down your mortgage offices," Stevens told attendees. "We have to have a national dialogue with proposed solutions. [Lenders and Washington policymakers] need to move beyond issues with distrust." Obstacles to Making Affordable Mortgages Mount BY PAUL DAVIS SEP 10, 2014 4:01pm ET RALEIGH, N.C. — Providing affordable ... Pages Home VICTORIES! LEGAL SELF HELP HOMEOWNERS REACHOUT STATE LINKS FILE COMPLAINTS! Awesome Inc. theme. Theme images by molotovcoketail. Powered by Blogger.