Tag Archives: mortgage servicers

Are You A Victim Of Wrongful Mortgage Foreclosure?

I’m unaware of anybody who was making his mortgage payments every month as scheduled who was wrongfully foreclosed on by a lender. All the whiners are people who applied for a mortgage modification but stopped making their scheduled mortgage payments. … Continue reading

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Obama’s Efforts To Modify Mortgages A Failure

Far fewer people than predicted have taken advantage of the Obama administration’s HAMP (Home Affordable Modification Program). About one-eighth as many homeowners have been helped as was predicted. A lifelong Democrat who oversaw the bailout of the banks says Obama … Continue reading

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Will There Ever Be A Foreclosure Deal?

OK, we know that banks were not perfect in processing foreclosures. They were overwhelmed with the number. They’re losing an average of at least $40,000 per foreclosed home. Still, I don’t know of anyone who’s made his payments who’s been … Continue reading

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Was HAMP Designed To Help Homeowners?

What is HAMP? It is President Obama’s Home Affordable Modification Program. It was a major mortgage modification scheme that was successful about one-tenth as many homeowners as predicted. Banks have not been eager, in general, to modify mortgages and to … Continue reading

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Republicans Skeptical Of Massive Mortgage Fines

Overwhelmed by foreclosures, banks were less than perfect in their foreclosure paperwork processing. Despite the mistakes, I’ve not heard of one homeowner who made his payments on time who got dispossessed from his home. Still, the Democrats see an opportunity … Continue reading

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Banks Are Slower To Foreclose On Delinquent Homeowners Than Fannie, Freddie

Did you see this WSJ article? It says that banks are slower to foreclose than Fannie Mae and Freddie Mac. So much for banks being the bad guys eager to swallow you up. Banks take a $40,000 hit on each … Continue reading

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Wells Fargo, Bank of America and JPMorgan Chase Penalized By Politicians Over HAMP

Banks are not like other businesses. They can’t invest their money as they wish. Instead, they are monitored by activists and politicians and have to behave according to a different set of rules. No wonder that banks went into big … Continue reading

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alifornia Housing Finance Agency’s Keep Your Home California Program

Who among us can say he’s immune to the lure of a government handout? Even though California is drowning in red ink, the state is still handing out money to reward those who made such bad decisions as buying more … Continue reading

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How Much Money Will Obama Extort From The Banks?

Overwhelmed by foreclosures, and losing on average $40,000 per foreclosure, banks have been imperfect in their foreclosure processing. Democrat politicians want to extort more than $20 billion from the banks to bribe voters to vote Democrat in 2012 by such … Continue reading

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Reducing Mortgage Principle For A Million Borrowers

Let’s bail people out from their bad decisions! You’ve heard of predatory loans? Yeah, all those millions who took out mortgages they could not afford, they were forced to do it at the point of a gun. If not, those … Continue reading

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