Why is Countrywide NOT doing the REQUIRED loan modifications?
Countrywide has a new way of screwing us. Countrywide takes the payment but put on the Countrywide statement that the payment is "unapplied." Countrywide then adds a Late Charge!
Plus Countrywide is NOT doing the REQUIRED loan modifications. That is illegal.
I've been trying for months to do exactly this loan modification Countrywide is required to loan modifications. But they're not. Isn't Countrywide quite the uppity bunch of idiots.
Countrywide's high employee turn-over rate, employee lack of experience and training, and the overall poor morale at Countrywide, are all a hell of a bunch of obstacles to overcome!
Always the same fax number, (800) 658-0395, but never the same employee; Temena McGee, Michelle Langley, Ashley Stix, Brandon Coltin, tomorrow another name equally as inexperienced, has no training, doesn't care, and changes the Countrywide story every damn time.
Obama “urged the government to help borrowers come out from under their mortgages.” McCain "wants to curb the rising foreclosures nationwide." All the government pieces are in place to avoid all these damn foreclosures, but the lenders won't play ball by the rules. Instead the terrorist lenders continue to drive Americans out of their homes and further drive down the house prices.
Better Business Bureau
991 Bible Way
Reno, NV 89502
re: Follow up to BBB complaint Countrywide Home Loans
Dear Better Business Bureau,
I remain unsatisfied with Countrywide Home Loans. My complaint to the BBB against Countrywide Home Loans remains inexplicably 100% unresolved. In March 2008, I began my attempt to get a loan modification from Countrywide. I have repeatedly provided Countrywide with my information including my income tax returns and income and expenses. As Countrywide knows very well, the Statue of Frauds requires that all communications, contracts etc., regarding real estate must be in writing. For months, I have made repeated written communications to Countrywide. I have repeatedly written Countrywide to communicate with me as required by the law, in writing. That has not happened from Countrywide.
Per the requirements of the Statute of Frauds, I am again making another written request of Countrywide to comply with the law that all of Countrywide's communications with me be in writing.
Per the requirements of the Statute of Frauds, I am still awaiting a written response from Countrywide as to my several written requests for a loan modification.
Per the requirements of the Statute of Frauds, I am still awaiting a written response from Countrywide as to my several written requests for the error that Countrywide continues to make in applying my payments as unapplied on my mortgage statements resulting in late charges.
Per the requirements of the Statute of Frauds, I am still awaiting a written response from Countrywide as to my several written requests for Countrywide to reverse all late charges and apply the monies Countrywide illegally used of my payment to those illegal late charges instead to my payment where they should have gone in the first place.
Per the requirements of the Statute of Frauds, I am still awaiting a written response from Countrywide as to my several written requests for a note modification in compliance with Congress and my loan's investor underwriting rules of an permanent and fixed interest rate reduction to 4.625% and a permanent debt forgiveness of $175,000, to a 30 year fully amortized loan.
cc: Countrywide Home Loans
Mail Stop, PTX A-65
7105 Corporate Dr.
Plano, TX 75024
More info:
Is Your Lender A Patriot Or Terrorist?, http://www.broowaha.com/profile.php?id=1516
Just Do The Required Home Loan Modification, http://www.broowaha.com/article.php?id=4070
Mortgage Fraudsters Among Us, Countrywide's Sue Barry, http://www.broowaha.com/article.php?id=3415
More About Countrywide's Mortgage Fraud in Reno @ http://renomortgagefraudexposes.ning.com/profiles/blogs/more-about-count...
Copyright © 2008 Craig B
http://www.broowaha.com/profile.php?id=1516
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The home loan lenders and fraud caused the collapse
Bank of America, Countrywide Home loan, National City Mortgage, and Wells Fargo are simple, undereducated, preaching buffoons. They are half a baby step away from the homeless people who babble to themselves in the street. They may well be insane, it's hard to tell without seeing them in person. Just stop. Stop embarrassing yourself and go away. Far away. Far away where the rug Czars, pedophiles, mortgage fraudsters and cross dressers run free and chase butterflies in fields of sunflowers. Go be with the Drug Czars, pedophiles, mortgage fraudsters, and cross dressers, Bank of America, Countrywide Home loan, National City Mortgage, and Wells Fargo. Let them pet your head and tell you the truth. Now go Bank of America, Countrywide Home loan, National City Mortgage, and Wells Fargo, be free, be with your people. Run along sweet cheeks, run along. Good boy, good girl, good....
“Bank of America, Countrywide Home loan, National City Mortgage, and Wells Fargo, you lookin' at me? You look' at me? Are you lookin' at me?" It's awesome. Not only are they dumb, they're totally looped. Bank of America, Countrywide Home loan, National City Mortgage, and Wells Fargo you can't hide what you are and what you do. You are a bunch of sanctimonious psycho pricks. I think Bristol Palin's retarded fetus is more qualified to be in charge of or working at Bank of America, Countrywide Home loan, National City Mortgage, and Wells Fargo than those currently are. Bank of America, Countrywide Home loan, National City Mortgage, and Wells Fargo, are you trying to out-stupid yourself?! If so, mission accomplished boys and girls!! Go treat yourself to a Nazi pie! Bank of America, Countrywide Home loan, National City Mortgage, and Wells Fargo, if you send me a postage pre-paid 3 x 3 x 3 box, I'll mail you the shit Eleanor and Gertrude produced on your head-up-your-ass illegal unethical stupid asinine fraudulent mortgage documents. I can also send you a clump of their urine (complete with litter) if you like. Next person to call these dumb, crazy pricks a dick will get a -1 on their comment from me. Take that, potty mouths.
The home loan lenders and fraud caused the collapse. Read Craig B.'s http://reno.broowaha.com/profile.php?id=1516 Among Us exposes,
http://www.google.com/cse?cx=partner-pub-4112622850374470%3Ayphad4qj2vd&...,
Is Your Lender A Patriot Or Terrorist? http://www.broowaha.com/article.php?id=3462,
Just Do The Required Home Loan Modification http://www.broowaha.com/article.php?id=4070,
and Why is Countrywide NOT doing the REQUIRED loan modifications? http://www.babelation.com/?q=node/1549.
El G
It's Domestic Fraud!
I believe mortgage fraud and real estate fraud are forms of domestic terrorism. I also believe the call is way long overdue for a return to American pragmatism in economic policy to use government to represent the interests of the future to the present. The public sector via laws must continue to be actively used to support and strengthen the private sector. I don't think we need any new laws nor do I believe that different laws would have avoided the Housing Bust. What was needed to avoid the Housing Bust, and wasn't done, was the enforcement of what was, and remains, already in the law! *
The Housing Bust was from the mortgage fraudsters willfully acting with reckless disregard of the truth, law or the consequences of their actions. Those fraudsters were home loan lenders, lender's managers, loan officers, loan processors, loan underwriters, Realtors, escrow officers, escrow company managers, title officers, title companies and their managers, mortgage brokers, appraisers, the FBI, State Attorney Generals, State Real Estate Divisions, State Mortgage Divisions, County District Attorneys, local police and sheriffs, and the National and local Association of Realtors as they all failed to follow or enforce the existing rules, laws and Codes of Ethics.
The why for the lenders not doing the required Note Modifications remains home loan lender greed resulting in the home loan lender's tradeoff of their short-term profits from their loan origination fees in relationship to future foreclosures directly resulting from those past short-term profits. A sale generates immediate profits o the lender in the buyer's loan(s). Moreover, those lender profits are an enormous amount in immediate fees per home loan.
The required Note Modification does not generate those type of fees to the lender. That is why the proposal to refinance into a government backed, insured or subsidized loan is untenable and unconscionable. It is swaggering jargon that confirms lender smallness and arrogance in their thinking. It is more houses of cards, and smoke and mirrors. A Short Sale or a refinance does NOT benefit the borrower. NEITHER benefits the American taxpayers. NEITHER benefits the American economy. A Short Sale and a refinance ONLY benefit the home loan lenders. Short Sales and refinanced strong-armed into by the lender are strong evidence for MORE Bait & Switch home loan practices. Are decent people really that easy to manipulate?
The point is that lenders have already approved millions of Short Sales. Lenders used these Short Sales to deliberately drive Americans out of their homes knowing they would be future homebuyers with future home loans. Lenders created the problem and created for themselves future profits. It was draconian. The required Note Modification would have avoided that. Lenders are already approving a reduction in principal aka loan forgiveness in these Short Sales. They can do as I pointed out, the same required loan forgiveness and interest rate reduction in the required Note Modification. Then the homeowner remains in their home.
Existing laws including but not limited to:
• mortgage fraud under Title 18, United States Code, Section 1014 ,
• Mail Fraud, Bank Fraud, Wire Fraud, Conspiracy, including RICO, and Money Laundering,
• Realtors' Code of Ethics,
• Freddie Mac , Fannie Mae and HUD loan underwriting rules,
• Corruption,
• Intimidation and threatening witnesses,
• in Nevada: NRS 645, NAC 645
Is you Realtor a Patriot or a Terrorist? Is Your Lender A Patriot Or Terrorist? http://reno.broowaha.com/article.php?id=3462
:-) Morgana
http://www.broowaha.com/profile.php?id=2434
Screw Countrywide
The blog world is NOT a relatively powerless echo chamber.
Internet-based liberal activist's have outed the identities of the villains and traitors. Craig's stories reach because there are clear distinctions between good and evil. In our so-loved entertainment culture, these type of powerful stories are what sustains citizen involvement. The postings of this outrage and the compiling up of rap sheets broke the stillness and reinforces the narrative. The Internet hum of discontent is growing. The wave crows until it crashes into the national consciousness.
Craig's exposes are on-going soap-operas, narrative, entertainment of the highest order. Nothing more American than that.
I myself have been exploring mediums as I find my voice. I have been derisively attacked as an amateur, code word for not a gatekeeper. I have been told I have a stupid opinion or an opinion I should keep to myself, in other words, to stop complaining. Well, I am not going to “stop complaining.” In fact, I will continue to make my voice seen and heard. @ you gatekeepers: I will either bypass, crush or influence you.
When my enemies began to notice m and to attack me, then I have arrived. I feed their backlash.
The comfortable and established are more invested in holding their perceived positions of privilege than in risking new ways of writing, thinking, innovating, exploring, and governing. Hence, we have been cursed with a system that doesn't always reward the greatest talents, truth or ethics. Instead of meritocracy, we've had more of an economic and political aristocracy. No more. I can fact check, break stories and feed stories,
Technology has allowed all that. The Internet is educating the ignorant. The result is democratization. The vast choices of communication on the Internet means more and more people are increasingly becoming active participants in their culture.
Instead of complaining about the self-entitled corporate flavor of music, films or even politics, we are making our own music, films and politics. Without asking anyone's permission, we have bypassed the gatekeepers and boy are they po'd about that. So, they fight back to remain the self-perceived elite. They've lost. They've lost because bloggers exert a disproportionate pressure on politics and in highlighting injustice.
No more will only certain kinds of people be allowed to speak up or to each other. I can be as equally belligerent as the GOP in my HATRED of the Illegal and Immoral Iraq War and my OPPOSITION to the Illegal and Immoral Iraq War supporters. I label the Illegal War supporters as un-American. I have nothing but contempt for the GOP. My zeal matches any extreme right-wing nut job. I will relentlessly mock and deride the far-right nut jobs paranoid fantasies. I am a reformist. I am a noncorporatist. I am a liberal. I am a progressive. I am an Illegal and Immoral Iraq War opponent. I am proud to be a liberal. I am a GOP's intolerance foe. I will take every stunt from the far right nut wing jobs and apply them to my causes, including scapegoating villains de jour. I make no apologies for being liberal or an Internet-based liberal activist.
Without a hint of regret, I NO longer read with amusement the lunacy and hypocrisy of the far right wing nut jobs. At one time far right nut wing jobs made “nice copy,“ but they didn't then and they don't now, reflect reality. I have copied from the far right nut wig jobs and with equal to there mean-spirited vengeance, fight for my liberal beliefs. The far right nut wing jobs have been dislodged and liberals have filled in the gaps. Now I go for the gut, not the brain. I say the far right wing nut jobs are shrill and unstable. Now I use their own quotes against them, equally taunting and smearing them. The weirder and weirder the far right nut wing jobs and the corrupt and crooks get, the more material they are just writing for me.
Screw them.
Screw the GOP. Screw Cheaters Among Us, Homier. Screw Cheaters Among Us, Kings. Screw Cheaters Among Us, Gledhill. Screw Gun Controllers Among Us, Marin County California Courts. Screw Flip Flop Rers Among Us, James K. Olson. Screw Troop Haters Among Us, Dr. Angelini. Screw Bizarre Among Us, Realtor Newman. Screw Bri's Rapist & Murderer. Screw Zeroes Among Us, Bank Of America. Screw Contempt Among Us, Hopson. Screw Cheaters Among Us, Barry. Screw Culprits Among Us, Clark. Screw Bullies Among Us, Mapes. Screw Cheaters Among Us, Homier. Screw Outlaws Among Us, Zane. Screw Zeroes Among Us, Scheible. Screw Cheaters Among Us, Maree. Screw Cheaters Among Us, Sickler. Screw Nevada Real Estate Division.
I know I've paraphrased Daily Kos. I thank Daily Kos.
Good Guys Don't Have Degrees Of Integrity
http://www.broowaha.com/article.php?id=4247
Joan Westin
NEVADA ATTORNEY GENERAL ANNOUNCES SETTLEMENT WITH COUNTRYWIDE
NEVADA ATTORNEY GENERAL ANNOUNCES SETTLEMENT WITH COUNTRYWIDE TO HELP BORROWERS FACING FORECLOSURE
Las Vegas, NV—
Attorney General Catherine Cortez Masto announced today that her office has reached an agreement with Countrywide Financial that will help almost 400,000 borrowers across the nation facing foreclosure.
“Our citizens are suffering from the mortgage foreclosure crisis. We lead the nation in foreclosures. My office has been working with Countrywide and the larger settlement states to bring some immediate relief for Nevada homeowners. Today, we are finalizing the details of the proposed settlement. The proposed settlement is intended to help those eligible Nevadans stay in their homes during these pressing economic times. We will have more details available in the coming days,” Masto said.
General Masto said Monday that mortgage lender Countrywide Financial Corp. has agreed to provide loan modifications to up to 397,000 borrowers nationwide under a settlement with Nevada and other states. Permanent relief to borrowers could equal about $7 to $8 billion nationwide, the states believe.
The tentative agreement was reached late Sunday by several states with Bank of America, which acquired Countrywide Financial on July 1, 2008.
Under the agreement, eligible subprime borrowers will be able to modify the terms of their loans to make monthly payments more affordable. Modified loan terms will vary according to the circumstances of the borrower, but they may include an automatic freeze or reduction in interest rates, conversion to fixed-term loans, and refinancing or reduction of principal owed.
Assuming every eligible borrower and investor participates, this loan modification program will provide benefits to eligible borrowers in Nevada as follows:
• Suspension of foreclosures for eligible borrowers with subprime and pay-option adjustable rate loans pending determination of borrower ability to afford loan modifications;
• Loan modifications valued at up to $219 million worth of reduced interest payments and, for certain borrowers, reduction of their principal balances;
• Waiver of late fees of up to $2.2 million;
• Waiver of prepayment penalties of up to $2.16 million for borrowers who receive modifications to, pay off, or refinance their loans;
• $3 million in payments to borrowers who are 120 or more days delinquent or whose homes have already been foreclosed; and
• Approximately $4.8 million in additional payments to borrowers who, in the future, will be unable to afford monthly payments under the loan modification program and lose their homes to foreclosure.
Countrywide said the loan modification program will be ready for implementation by December 1, 2008, and that the company would engage in proactive outreach to eligible customers by then. Countrywide also noted that foreclosure sales will not be initiated or advanced for borrowers likely to qualify until Countrywide has made an affirmative decision on a borrower's eligibility.
The toll-free number for Countrywide subprime customers who want more information is 800-669-6607.
There also will be information soon at Countrywide's website, www.countrywide.com.
The tentative settlement resolves allegations that Countrywide used unfair and deceptive tactics in its loan origination and servicing activities – and that borrowers often were put in structurally unfair and unaffordable loans. Countrywide is the largest provider of subprime mortgages in the U.S.
Countrywide said the loan modification program was designed to achieve affordable and sustainable mortgage payments for borrowers who financed their homes with subprime loans or pay-option adjustable rate mortgages (“ARMs”) serviced by Countrywide that were originated prior to December 31, 2007, and who are seriously delinquent or are likely to become seriously delinquent as a result of loan features, such as interest rate resets or payment recasts.
Under the settlement, which does not constitute an admission of wrongdoing, Bank of America/Countrywide also agreed to: stop offering pay option ARMs and significantly curtail offering “low-documentation” and “no-documentation” loans; initiate an early identification and contact program for people who have trouble making their payments; and continue working with non-profits, federal agencies, and state Attorneys General on ways to use REO (real estate owned) and other properties for community development.
The Bank of America/Countrywide settlement resolves investigations into Countrywide's lending practices in Arizona, Iowa, Nevada, Ohio, Texas and Washington. The settlement also resolves lawsuits against Countrywide initiated by Illinois, California and Florida. Other states also are participating in the settlement. Additional information as well as other valuable information on consumer protection, is also available on the Attorney General's website at www.ag.state.nv.us.
:-) Morgana
http://www.broowaha.com/profile.php?id=2434
NRS 598.0903
MAINTAINING A PATTERN OF ILLEGAL BUSINESS PRACTICES in Nevada
Per NRS 598.0903, et seq http://leg.state.nv.us/NRS/NRS-598.html Prudential Nevada Realty, Keith W. Gledhill, Valerie Mapes, and Jurie Maree, Robert King, the Homiers, Realtor David Kahan and John and Kay Sickler, Remcor Realty, Realtor Magi Bird and Scott and Feather Dugan, First Centennial Title and Marlene Kelly and Jenna Kay Clark, and First Horizon Home Loans and Pat Riley, and Wells Fargo and Rick Vaughan, Beverly Stewart, Don Garrett, Amber Zeigler, have maintained a pattern of illegal business practices, mortgage fraud, in violation of Nevada's consumer protection laws.
State of Nevada Office of the Attorney General fax # (775) 684-1170
Bureau of Consumer Protection
100 North Carson Street
Carson City, Nevada 89701
I'll always give you the benefit of the doubt. If I didn't, what does that say about me and my ethics? Craig B
http://reno.broowaha.com/profile.php?id=1516 and http://groovystuff.ning.com/profile/CraigBerkeley
NRS 598.0903
MAINTAINING A PATTERN OF ILLEGAL BUSINESS PRACTICES in Nevada
Per NRS 598.0903, et seq http://leg.state.nv.us/NRS/NRS-598.html Prudential Nevada Realty, Keith W. Gledhill, Valerie Mapes, and Jurie Maree, Robert King, the Homiers, Realtor David Kahan and John and Kay Sickler, Remcor Realty, Realtor Magi Bird, Allan Zane and Scott and Feather Dugan, First Centennial Title and Marlene Kelly and Jenna Kay Clark, and First Horizon Home Loans and Pat Riley, and Wells Fargo and Rick Vaughan, Beverly Stewart, Don Garrett, Amber Zeigler, have maintained a pattern of illegal business practices, mortgage fraud, in violation of Nevada's consumer protection laws.
State of Nevada Office of the Attorney General fax # (775) 684-1170
Bureau of Consumer Protection
100 North Carson Street
Carson City, Nevada 89701
I'll always give you the benefit of the doubt. If I didn't, what does that say about me and my ethics? Craig B
http://reno.broowaha.com/profile.php?id=1516 and http://groovystuff.ning.com/profile/CraigBerkeley
Countrywide has failed to deliver services within a reasonable t
FAILURE TO DELIVER SERVICES WITHIN A REASONABLE TIME in Nevada,
MAINTAINING A PATTERN OF ILLEGAL BUSINESS PRACTICES in Nevada
Countrywide has failed to deliver services within a reasonable time per NRS 598.0903, et seq http://leg.state.nv.us/NRS/NRS-598.html and Countrywide has maintained a pattern of illegal business practices in violation of Nevada's consumer protection laws. Now Countrywide is also violating the settlement agreement that Countrywide entered into with the State of Nevada Office of the Attorney General in December 2008.
State of Nevada Office of the Attorney General fax # (775) 684-1170
Bureau of Consumer Protection
100 North Carson Street
Carson City, Nevada 89701
I'll always give you the benefit of the doubt. If I didn't, what does that say about me and my ethics? Craig B
http://reno.broowaha.com/profile.php?id=1516 and http://groovystuff.ning.com/profile/CraigBerkeley
Missing Formatting
Somebody or something took out my pararaph breaks that were in my article here.
I'll always give you the benefit of the doubt. If I didn't, what does that say about me and my ethics? Craig B
http://reno.broowaha.com/profile.php?id=1516 and http://groovystuff.ning.com/profile/CraigBerkeley
Is Your Lender A Patriot Or Terrorist? Part 2
Check out Is Your Lender A Patriot Or Terrorist? Part 2, http://www.babelation.com/?q=node/1730.
I'll always give you the benefit of the doubt. If I didn't, what does that say about me and my ethics? Craig B
http://reno.broowaha.com/profile.php?id=1516 and http://groovystuff.ning.com/profile/CraigBerkeley
Beware of Loan Modification Documents -- Read Carefully!
Folks, as part of my ongoing misery with Countrywide -- after it failed to follow through with a loan refinancing deal because I refused to sign the loan application that CW employees completed with false information (they overstated my income and also showed me as having a $30,000 savings account when I had none at all!) -- Countrywide sent me a "loan modification" agreement. This process is apparently totally separate from any refinancing arrangements. Supposedly, the loan modification was based on CW's discussion with the Attorneys General of various states that sued the company for fraud / deceptive trade practices. The letter I got from CW regarding the loan modification said I needed to do absolutely nothing to get a reduced interest rate and most importantly to us, a reduced monthly payment schedule. Yet when they sent the loan modification document, lo and behold, there was a paragraph in the document by which I agreed to give up any legal rights I might have against Countrywide based on alleged fraud or misconduct in refinancing. I refused to sign it. Nobody had ever mentioned that I was going to have to give up and release any claims I might have against this company. CW puts people in horrible economic circumstances, gets them over a barrel, so to speak, then knowing that a person in that position will do and sign almost anything to save the home, puts provisions in the loan modification documents to protect themselves from past lies and misconduct. How egregious is that?? Did Congress really give BOA and CW billions in funds so that the company could run roughshod over the rights of borrowers and silence their complaints of fraud and deception in the refinancing process? I think not.
The refinancing scam is going to prove more deadly to our nation than even the subprime loan origination practices that set our economy's downfall in motion. Sooner or later, the truth will come out. For those of us who are CW customers and have experienced this firsthand, there will be no surprise when it all surfaces. But it will likely be too late to reverse the damage done...
Where is the government oversight? Where is the "transparency" in Countrywide's handling of these matters that we have heard would be required of these monster corporations receiving billions from the federal government?
Note that Countrywide's attorneys -- in a court of law, mind you -- have stated that their refinancing offers are "not promises of anticipated future performance" on the company's part but are mere "puffery" ... What does this mean in plain-Jane English? It means, ladies and gentlemen, that CW's refinancing offers are absolutely meaningless. Also be aware that if your refinancing depends on an appraisal of your property, that Countrywide has been sued in the State of Washington for mortgage appraisal manipulation. Meaning, Countrywide cherry-picks appraisers to give the company the valuation that it wants, not the true valuation of your property. There are countless ways this company will scam you, defraud you and eventually send you to foreclosure.
Then of course when the refinancing fails, for whatever reason (a loan application that CW itself falsified, or a bogus appraisal on your property that results in you NOT qualifying after being promised and assured that you do), you get a loan modification document that will take away any legal rights you have against the company. BEWARE!!
Brandon
BLC4law@aol.com