Wells Fargo, other lenders lagging on mortgage aid, Treasury re...

Wells Fargo can kiss my lily-white one! They have harassed me for the last 5 months because I pay my payments in 2 parts instead of a lump sum and their software can't handle it. Then they charge me $45 late fee when all the money was there before the due date and harass me at home for the damn $45! I am up-to-date on my mortgage - they already got half of August's in July - but paying your mortgage on time is not good enough for Wells Fargo. It has to be a lump sum for the full amount or they want to get their greedy paws on your bank account with direct debit. Sorry, but when my taxes go up and my home value goes down to less than what is owed on it, I don't know what else would be good enough for this company. Perhaps I should just quit paying my mortgage, take a real nice vacation (my mortgage is $1,158.33/mo - I can travel very nicely on that amount) and raise a middle-fingered salute to them. Forget that over 50% of my take-home pay already goes to my mortgage and it is going up again. Meanwhile, if I don't pay water, gas, and electric my house can be condemned. It would be nice to eat, too.

May you drown in your own cesspool of swill Will Phukup!!!

Servicer cannot modify mortgages in their own name - they must identiy the actual creditor/owner of the mortgage. A problem.

Dear Sir,

We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffer driven offers. We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC)(Appendix A)
2. Total Face Value: Eur 10M MIN and Eur 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or any Top 25 WEB
4. Age: One Year, One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: SWIFT TO SWIFT.
7. Payment: MT-103.
8. Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request.

If Interested kindly contact me via Email:~ networthsecjj091 AT hotmail.com

U.S. Considers Remaking Mortgage Giants, Fannie Mae & Freddy Mac

http://www.washingtonpost.com/wp-dyn/content/...
The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create a new structure to support the home-loan market, government officials said....

more at washingtonpost.com ...-------

Offloading the defaults to another government subsidized entity does not fix the problem. If you add up the administrative costs, reassessments, etc. It will cost the taxpayers more. What a joke.

Isn’t this just what TARP was supposed to be doing already ? Maybe they spent it all on car companies pork.

This won't "clean the books", it'll actually hide the books and slowly bleed money from the "new" organization into the old to cover up the losses the old Fannie/Freddie had. It's been done in Japan a few times since their collapse a few decades ago.

I have been trying since March to get Well's Fargo to modify our interest-only loan on our home which has lost half of its value. They have denied the request, refused to send us a letter explaining the reasons for denial. How can contact the government to share my story with them?

Ms V wrote:

Wells Fargo can kiss my lily-white one! They have harassed me for the last 5 months because I pay my payments in 2 parts instead of a lump sum and their software can't handle it. Then they charge me $45 late fee when all the money was there before the due date and harass me at home for the damn $45! I am up-to-date on my mortgage - they already got half of August's in July - but paying your mortgage on time is not good enough for Wells Fargo. It has to be a lump sum for the full amount or they want to get their greedy paws on your bank account with direct debit. Sorry, but when my taxes go up and my home value goes down to less than what is owed on it, I don't know what else would be good enough for this company. Perhaps I should just quit paying my mortgage, take a real nice vacation (my mortgage is $1,158.33/mo - I can travel very nicely on that amount) and raise a middle-fingered salute to them. Forget that over 50% of my take-home pay already goes to my mortgage and it is going up again. Meanwhile, if I don't pay water, gas, and electric my house can be condemned. It would be nice to eat, too.
May you drown in your own cesspool of swill Will Phukup!!!

Most mortgage companies do not accept partial payments. As far as getting their hands on your checking account, it's not like they can steal money from you. In fact, if you set up to make payments every other week from your checking account, you are taking years off your mortgage.

They wouldn't help me out either, and now they are taking me to court for the remainder of my equity loan. They already took my house, which I could not sell even on a short sale. Here is the best part- My lawyer spoke to Wells Fargo's lawyer and advised them that I wanted to work something out as far as paying them back. He never got back to us. AGAIN, my lawyer spoke to theirs and AGAIN never heard back from him!!! I COULDNT EVEN PAY THEM BACK WHEN I WAS READY!!!! Take me to court now, as I have enough to dish back to them. Otherwise, I will be taking them to court for all this Harassment! They ruined my life.

Screw Wells Fargo. I'm sorry I even made an effort to pay my mortgage. Six years of payments, over $6000 a year in interest alone and now when I ask for a small amout of discretion and help they do nothing. Screw it, eat the rich!

Find over 26,000 Banks Mortgage lenders commercial lenders at www.fundingtree.com . The most comprehensive network and directory online.

Porkulus wrote:

U.S. Considers Remaking Mortgage Giants, Fannie Mae & Freddy Mac
http://www.washingtonpost.com/wp-dyn/content/...
The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create a new structure to support the home-loan market, government officials said....
more at washingtonpost.com ...-------
Offloading the defaults to another government subsidized entity does not fix the problem. If you add up the administrative costs, reassessments, etc. It will cost the taxpayers more. What a joke.
Isn’t this just what TARP was supposed to be doing already ? Maybe they spent it all on car companies pork.
This won't "clean the books", it'll actually hide the books and slowly bleed money from the "new" organization into the old to cover up the losses the old Fannie/Freddie had. It's been done in Japan a few times since their collapse a few decades ago.

Dear Sir/Ma,

We have direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffer driven offers. We deliver with time and precision as set forth in our agreement. Our terms and Conditions are reasonable, below is our instrument description.

DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC)
2. Total Face Value: Min of 1M Euro/USD (One Million Euro/USD) to Max of 5B Euro/USD (Five Billion Euro/USD).
3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or any Top 25 WEB
4. Age: One Year, One Day
5. Leasing Price: 5.0% of Face Value plus (0.5+X)% commission fees to brokers.
6. Delivery: Bank to Bank SWIFT.
7. Payment: MT-103.
8. Hard Copy: Bonded Courier within 7 banking days.

All relevant business information will be provided upon request.

If Interested kindly contact me via Email:~ jangfinance75@gmail.com
Skype ID: jangfinance75