Taxpayers….(that means my money and your money) are shoveling bajillions of dollars at the lenders that caused the foreclosure crisis and precious little is being done to help the homeowners….the following shows where all our money is going….I can tell you that homeowners are not benefitting from these programs and all this federal money….
The following [...]
Entries Tagged as 'OBAMA'
We’re Paying WHOM to Fix Subprime Mortgages?-Why, subprime lenders, of course.
April 2nd, 2010 · No Comments · Foreclosure
Tags:foreclosure fraud·hamp·loan modification·modifcaiton scams·modificaiton·OBAMA
Obama’s Foreclosure/Modification “Help”- A Waste of Time and Money
March 10th, 2010 · 1 Comment · Foreclosure
A story in the Huffington Post, and available here reports that the federal government’s response to the foreclosure crisis is a dismal failure with a mere 33% of those who were in a trial modification converting to a permanent one. Of the millions of Americans that are struggling, all the might and power of the [...]
Tags:Foreclosure·hamp·matt weidner·mortgage modification·OBAMA
Just Released, January HAMP Mortgage Modifications Numbers– The Failure Continues!
February 17th, 2010 · No Comments · Foreclosure
According to the January report from the Obama administration, the federal government has provided at least $50 billion dollars to 110 mortgage loan servicers to encourage them to modify mortgages for homeowners. According to this report, 89% of all mortgage loans in the United States are eligible for consideration under the HAMP guidelines.
The full text [...]
Tags:Foreclosure·foreclosure defense·hamp·lost note·matt weidner·mortgage modification·OBAMA·The Florida Consumer Protection and Homeowner Credit Rehabilitation Act
Can’t Get A Mortgage Modification? (You Can’t) Here’s Why. (The Banks Don’t Want to Give Them.)
January 23rd, 2010 · 1 Comment · Foreclosure
From an article in the Wall Street Journal…
Number of Foreclosed Homes Will Continue to Soar
Since the start of the recession in 2007, more than five million homes have been taken back by lenders. The Center for Responsible Lending estimates that as many as 13 million more homes could fall into foreclosure over the next five [...]
Tags:deed in lieu·Foreclosure·hamp·matt weidner·mortgage modification·OBAMA·short sale·wall street bonuses
Conspiracy of Confusion- The Failed HAMP Mortgage Modification Program
January 20th, 2010 · No Comments · Foreclosure
It is widely accepted that Obama’s HAMP mortgage modification program is a failure, not helping anywhere near the number of homeowners leaders estimated it would help. If you’re facing foreclosure in Pinellas of Florida or are simply trying to get some reduced payments on your mortgage you will find trying to get a modification a [...]
Tags:bankruptcy·deed in lieu·Foreclosure·foreclosure defense·hamp·lost note·mortgage modification·OBAMA·pinellas
Wall Street Journal Reports- USA Scammed by French in The Bailout
January 19th, 2010 · No Comments · Foreclosure
One shocking aspect of the Great Mortgage Meltdown and the Bajillion Dollar Boondoggle Bailout was the fact that many of the parties that were directly responsible for the fraud, meltdown and collapse were paid off IMMEDIATELY 100% of EVERYTHING THEY COULD EVER CLAIM TO BE OWED. No negotiation, no reduction in value, just good ole [...]
Tags:aig·bailout·david stern·deed in lieu·Foreclosure·hamp·lost note·matt weidner·modification·OBAMA·short sale·wall street·wall street journal
Obama To Push For More Mortgage Modifications
November 29th, 2009 · 9 Comments · Mortgage News
As foreclosures in Pinellas County continue to increase, there is news that the Obama administration plans to announce a new campaign to pressure lenders to modifiy mortgages for borrowers. This will come as welcome news to the many homeowners struggling to obtain a mortgage modification from their lender but who have hit a brick wall.
The [...]
Tags:bankruptcy·Foreclosure·lost note·mortgage modification·OBAMA·pinellas·reo·short sale
Government Foreclosure Assistance Programs
November 23rd, 2009 · No Comments · Foreclosure
Obama’s HAMP Mortgage Modification Off to Slow Start
August 5th, 2009 · No Comments · Foreclosure
In March 2009, the Obama Administration announced a new mortgage modification program that promised relief for the millions of homeowners behind on their mortgages or in foreclosure. Program guidelines can be found at http://www.ustreas.gov/press/releases/reports/modification_program_guidelines.pdf .
On Tuesday the Treasury Department released a report which indicates that only 400,000 borrowers have even been offered help while only [...]
Tags:mortgage modification·OBAMA·obama modification·obama relief
