Mortgage-Mod-Monster.com

The Federal Trade Commission was a patsy of the US Banking Cartel

February 27, 2012

The news has been awash with reports of scammers promising distressed homeowners a mortgage modification, taking payments, and then not performing. Everyone should notice that no facts and figures about scammers vs. successful negotiators are ever forthcoming. Why? Because it is in the banks’ best interest to scuttle the Home Affordable Mortgage Plan (HAMP) and turn public opinion against it. The FTC is playing into the hands of the bankers. They are doing exactly what the bankers want.

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Stop the Federal Trade Commission before they do something stupid

February 27, 2012

I have written twice already about the incredibly ill-advised notion of the Federal Trade Commission (FTC) to consider the elimination of ‘Up-front fees’ of mortgage modification firms. The FTC simply must be stopped before they do this profoundly ill-conceived action.

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Loan Modification and REST Report Cautionary Tale

February 27, 2012

Those of us REST Report vendors, including the owner, do not track the results of our REST Report customers. It is however, imperative to us that we ensure the proficient use of this incredibly powerful software, reputation, and results in a foreclosure defense. Most of the value of a consultation comes after a REST Report sale in advising customers on the efficient use of the results.

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April Charney Interview Notes and Podcast

February 27, 2012

April Charney explains the Pooling and Servicing fraud in a manner that makes it crystal clear to anyone who listens to her. This is mandatory listening for attorneys and should be a focus for any Occupy Wall Street aficionado. ‘Corporate Greed’ takes on a whole new aspect in this interview.

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Principal Reduction Proven to benefit both Homeowner and Mortgage Investor

February 27, 2012

One of the severely under-publicized developments in the mortgage modification business is the Principal Reduction Alternative to HAMP, or Home Affordable Mortgage Plan. Under-publicized mostly because implementing those requirements has been very slow in coming. On the heels of that neglect is a huge success rate of principal reductions in mortgage modifications.

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How To Get A Beneficial Loan Modification Now

February 27, 2012

My name is Chris Dix, and I helped three really proficient attorney firms complete mortgage modification applications since this goofy mortgage crisis started a few years ago. That all changed last June, 2010. The mortgage servicers learned that they could avoid good faith negotiations with both attorneys and homeowners themselves. We know that individual homeowners have been victims of the mortgage servicers lack of good faith for years. Attorneys suffered the same fate last summer.

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US Treasury admits HAMP effectiveness is a mirage

February 27, 2012

Several weeks ago I watched Treasury Secretary Geithner dodge questions about the mortgage modification mess that is HAMP (Home Affordable Mortgage Plan). The week before I watched as Press Secretary Robert Gibbs do the same thing. It is that the mortgage modification law exists, but the federal government, and Cobgress, are going to do nothing to enforce it. Yjis past week it was made clear that the nation’s Judicial Branch was moving to pick up the slack.

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Banks insult Congress with Loan Modification statistics

February 27, 2012

Those of us who watch the mortgage modification mess crawl endlessly along just scream when we hear the banks complain about how distressed mortgage owners can’t get their supporting documents submitted when applying for a loan modification.

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Here Is A Productive Pursuit for the Occupy Wall Street Movement

February 27, 2012

the case does accurately represent the larger fraud perpetrated by MERS. Recording fees were not paid to each county when the defendants, (read: the banks), used the MERS system. The case is going to have to establish the problems with the over all MERS operation.

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