Former Countrywide Employees can help the investigation at http://www.jameshoyer.com/ Countrywide evicts family right before the holidays. Why are big mortage companies like Countrywide saying they want to help families avoid foreclosure, when this is what’s really happening?
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The newly elected … The newly elected President Barack Obama could enact(once he takes office)to federally mandate long term loan modification’s (interest) on behalf of all Americans with ARM Negative (sub-prime/ deferred interest) mortgage loans (the main reason for foreclosures) at a low interest rate (fixed by the Federal Reserve Bank) for 40 & 50 year’s, depending on income. Leaving it up to the bank’s to do this is akin to putting the fox in the hen house to protect them.
All I have to say … All I have to say to you, Is take a little responsibility for your life. If countywide told you they would accept any payments from you, were did the money go??? You have no one to blame but yourself
Should’ve told … Should’ve told Countrywide to get the additional payments from Chris Dodd. He could afford it with the savings they gave him. Which the windbag “had no idea” amounted to graft. Connecticut, vote this phoney out!
Oh, I agree with … Oh, I agree with you completely. Democrats are no better. I just said republicans because they’re the ones that believe hands off approach is best for the people.
I would agree with … I would agree with you on most points, but you’ve left out the Democrats in this equation, who are equally guilty with the Republicans…. a pox on them all!!!! (And then people wonder why I say that we need a “credible” third party). They don’t call Joe Biden “Credit Card Joe” (reference to his helping Delaware’s credit card companies) for nothing on Capitol Hill!!!
Amen, my fellow … Amen, my fellow good citizen. If even half the country would follow your example, things would be in much better shape. The federal government, both Republicans AND Democrats, have allowed Wall Street to convince a lot of people that there is a “free lunch.”
You are such an … You are such an idiot. Can you read? I told you I worked in the wiring department. It had nothing to do with fraudulent anything. How was I to know what was going on somewhere else? I was just a tiny part of a big machine, doing one little thing. If you work in a company with 10 departments and one of them is doing something icky you can’t automatically blame everyone in the company. The government allowed it to happen because of no regulations, and law allowed misdirecting clients. Capitalism.
Real Estate … Real Estate companies, and agents, allowed this calamity to happen to the economy. Period. They capitalized without placing any regard to the consequences of their selfish actions. And I don’t about you but I never condone the breaking of this nations laws, to do so should result in treason charges. holes like you are the reason why this country is on the brink of meltdown. I, for one, hope to God that you get exactly what you deserve. Karma is a and your due for a huge overdraft.
You know who’s to … You know who’s to blame? This whole government’s hands off approach to big businesses. And the tax loopholes rich republicans are using to stuff their pockets. They own billions in shares of those big companies just like CW so they allow them to do what they want. At CW I was not part of the originating portion but I worked in the wiring department. I got laid off along with 15,000 people. I was given 2 weeks severance pay and our CEO walked away with $110 million. What do you think of that?
Of course it’s … Of course it’s illegal. It’s also illegal to download copyrighted music, movies and software that you don’t own and yet half the world is doing it. It’s illegal for immigrants to cross US borders without visas and they’re doing it with great success. CW loan originators didn’t care that much even if they knew, and why would they? If you worked 100% on commission, you’d do anything to get paid! Would you think (at the time) that your actions would bring the economy down?
You do know that an … You do know that an employer lying on a w-2 form is a federal offense? And for millions of people bringing in fradulent w-2 forms per their employer is completely fallacious. It came down to greedy companies like Countrywide approving these people for loans that could adjust at anytime to the point of making them unaffordable. The people are partially to blame, but the core blame falls upon reptilian mortgage brokers. Like it or not.
I don’t get it, my … I don’t get it, my father was a barber and I lived in apartments growing up. I worked in KFC and paid my way through college with no debt. I worked 10 years after college, and saved $175,000 dollars and then bought a home for $120,000 cash in 2001 when I just turned 34. See, I’m living proof you can start with nothing and save you money and bypass the mortgage scam. Most people are spoiled and wan’t everything without saving - that is why this country is now on the brink of financial disaster!
Also, Countrywide … Also, Countrywide is to blame as well. They should have educated people more on what type of loan they’re actually getting. They should have also been more thorough in checking the income. In the beginning the procedures were not as tough, when started hitting the fan, we had 3 separate underwriters checking the income on one loan, slowing the process dramatically but improving credibility. Unfortunately there was nothing that could be done for the first “batch” of unreal income loans.
How? Very easily. … How? Very easily. One way is to ask you boss to give you a w-2 showing higher income and/or include bonuses, vacation pay in your normal income (which should not be considered as income). My parents did that and the boss was ok with it. The easier way was to claim that you have other sources of income such as a home business, selling cosmetics or some other crap. No matter how you look at it if you have high income, inc/debt ratio will always be higher than it actually is. Any more questions?
Jan3Sobieski:Jan … Jan3Sobieski:Jan how can ONE lie on they’re income,when the lender usually ask for w-2’s as proof of income?There is also the income to debt ratio,that is ALWAYS figured before a loan is issued.
I used to work for … I used to work for Countrywide and the reason most ppl went into forclosure was because they would LIE ON THEIR INCOME SHEETS just to get a better rate/bigger loan for a nicer house or a 15 year fixed instead of a 30. And guess what? After a couple of months they could not afford the monthly payment anymore. Don’t blame on Countrywide. Do your own research and BASIC ING MATH and if you can’t afford the home, DON’T BUY IT! If all you can get is an ARM, maybe your credit isn’t good enough
Wake UP sheepal … Wake UP sheepal Americans.The day is quickly approaching,when Americans will be forced to go to the cartridge box,to get FREEDOM….You can’t vote them out,they own the system.Americans will have to do what the founding fathers did to the British…wake up it’s coming
this is unreal.. … this is unreal.. how can countyrwide tell people one thing, then do another… they should have trashed the house.. thats what people are doing now!
How can you trust a … How can you trust a person named Angelo Mozilo
Thanks BAC
Don’t worry be happy..be glad you lost the property..you can now buy it back for half the price…
They are at fault … They are at fault common sense before you buy something. For example if you find a lambo thats worth 120 K and you find it for half the price and you think its an amazing deal but if you dont have money to put gas in it then it aint such an amazing buy. The buying is never the problem is the payments. Unfortunatly our society doesnt get that and dont teach you that in school. I think before any class thats required they should have a class that teaches you common sense!
Now Countrywide … Now Countrywide uses a new set of contracts it is sending out via 3rd party representatives. The contracts are ambiguous, unclear and very late in the game for these people. Many of the customers are frantic and soothsayers hired to tell them everything is okay fear that telling them what they want to hear is nothing more than that, a hollow promise. A lie.
Former Countrywide Employees can help the investigation at http://www.jameshoyer.com/ Countrywide evicts family right before the holidays. Why are big mortage companies like Countrywide saying they want to help families avoid foreclosure, when this is what’s really happening?
December 4th, 2008 at 11:52 am
The newly elected …
The newly elected President Barack Obama could enact(once he takes office)to federally mandate long term loan modification’s (interest) on behalf of all Americans with ARM Negative (sub-prime/ deferred interest) mortgage loans (the main reason for foreclosures) at a low interest rate (fixed by the Federal Reserve Bank) for 40 & 50 year’s, depending on income. Leaving it up to the bank’s to do this is akin to putting the fox in the hen house to protect them.
December 4th, 2008 at 11:52 am
All I have to say …
All I have to say to you, Is take a little responsibility for your life. If countywide told you they would accept any payments from you, were did the money go??? You have no one to blame but yourself
December 4th, 2008 at 11:52 am
Should’ve told …
Should’ve told Countrywide to get the additional payments from Chris Dodd. He could afford it with the savings they gave him. Which the windbag “had no idea” amounted to graft. Connecticut, vote this phoney out!
December 4th, 2008 at 11:52 am
Oh, I agree with …
Oh, I agree with you completely. Democrats are no better. I just said republicans because they’re the ones that believe hands off approach is best for the people.
December 4th, 2008 at 11:52 am
I would agree with …
I would agree with you on most points, but you’ve left out the Democrats in this equation, who are equally guilty with the Republicans…. a pox on them all!!!! (And then people wonder why I say that we need a “credible” third party). They don’t call Joe Biden “Credit Card Joe” (reference to his helping Delaware’s credit card companies) for nothing on Capitol Hill!!!
December 4th, 2008 at 11:52 am
Amen, my fellow …
Amen, my fellow good citizen. If even half the country would follow your example, things would be in much better shape. The federal government, both Republicans AND Democrats, have allowed Wall Street to convince a lot of people that there is a “free lunch.”
December 4th, 2008 at 11:52 am
Interesting comment …
Interesting comment. I will repeat myself. You are an idiot.
December 4th, 2008 at 11:52 am
Fuck-off and die. …
-off and die. You knew exactly what was going on but you stayed. You’re no better.
December 4th, 2008 at 11:52 am
You are such an …
You are such an idiot. Can you read? I told you I worked in the wiring department. It had nothing to do with fraudulent anything. How was I to know what was going on somewhere else? I was just a tiny part of a big machine, doing one little thing. If you work in a company with 10 departments and one of them is doing something icky you can’t automatically blame everyone in the company. The government allowed it to happen because of no regulations, and law allowed misdirecting clients. Capitalism.
December 4th, 2008 at 11:52 am
Real Estate …
Real Estate companies, and agents, allowed this calamity to happen to the economy. Period. They capitalized without placing any regard to the consequences of their selfish actions. And I don’t about you but I never condone the breaking of this nations laws, to do so should result in treason charges. holes like you are the reason why this country is on the brink of meltdown. I, for one, hope to God that you get exactly what you deserve. Karma is a and your due for a huge overdraft.
December 4th, 2008 at 11:52 am
You know who’s to …
You know who’s to blame? This whole government’s hands off approach to big businesses. And the tax loopholes rich republicans are using to stuff their pockets. They own billions in shares of those big companies just like CW so they allow them to do what they want. At CW I was not part of the originating portion but I worked in the wiring department. I got laid off along with 15,000 people. I was given 2 weeks severance pay and our CEO walked away with $110 million. What do you think of that?
December 4th, 2008 at 11:52 am
Of course it’s …
Of course it’s illegal. It’s also illegal to download copyrighted music, movies and software that you don’t own and yet half the world is doing it. It’s illegal for immigrants to cross US borders without visas and they’re doing it with great success. CW loan originators didn’t care that much even if they knew, and why would they? If you worked 100% on commission, you’d do anything to get paid! Would you think (at the time) that your actions would bring the economy down?
December 4th, 2008 at 11:52 am
You do know that an …
You do know that an employer lying on a w-2 form is a federal offense? And for millions of people bringing in fradulent w-2 forms per their employer is completely fallacious. It came down to greedy companies like Countrywide approving these people for loans that could adjust at anytime to the point of making them unaffordable. The people are partially to blame, but the core blame falls upon reptilian mortgage brokers. Like it or not.
December 4th, 2008 at 11:52 am
Maybe if …
Maybe if Countrywide had worked with people like this that fell on hard times due to a natural disaster they wouldn’t be belly up now.
Politicians like Chris Dodd and Obama got sweetheart loans from Countrywide. We are becoming a nation of crooks.
This is very disturbing.
December 4th, 2008 at 11:52 am
I don’t get it, my …
I don’t get it, my father was a barber and I lived in apartments growing up. I worked in KFC and paid my way through college with no debt. I worked 10 years after college, and saved $175,000 dollars and then bought a home for $120,000 cash in 2001 when I just turned 34. See, I’m living proof you can start with nothing and save you money and bypass the mortgage scam. Most people are spoiled and wan’t everything without saving - that is why this country is now on the brink of financial disaster!
December 4th, 2008 at 11:52 am
Also, Countrywide …
Also, Countrywide is to blame as well. They should have educated people more on what type of loan they’re actually getting. They should have also been more thorough in checking the income. In the beginning the procedures were not as tough, when started hitting the fan, we had 3 separate underwriters checking the income on one loan, slowing the process dramatically but improving credibility. Unfortunately there was nothing that could be done for the first “batch” of unreal income loans.
December 4th, 2008 at 11:52 am
How? Very easily. …
How? Very easily. One way is to ask you boss to give you a w-2 showing higher income and/or include bonuses, vacation pay in your normal income (which should not be considered as income). My parents did that and the boss was ok with it. The easier way was to claim that you have other sources of income such as a home business, selling cosmetics or some other crap. No matter how you look at it if you have high income, inc/debt ratio will always be higher than it actually is. Any more questions?
December 4th, 2008 at 11:52 am
Jan3Sobieski:Jan …
Jan3Sobieski:Jan how can ONE lie on they’re income,when the lender usually ask for w-2’s as proof of income?There is also the income to debt ratio,that is ALWAYS figured before a loan is issued.
December 4th, 2008 at 11:52 am
I used to work for …
I used to work for Countrywide and the reason most ppl went into forclosure was because they would LIE ON THEIR INCOME SHEETS just to get a better rate/bigger loan for a nicer house or a 15 year fixed instead of a 30. And guess what? After a couple of months they could not afford the monthly payment anymore. Don’t blame on Countrywide. Do your own research and BASIC ING MATH and if you can’t afford the home, DON’T BUY IT! If all you can get is an ARM, maybe your credit isn’t good enough
December 4th, 2008 at 11:52 am
Wake UP sheepal …
Wake UP sheepal Americans.The day is quickly approaching,when Americans will be forced to go to the cartridge box,to get FREEDOM….You can’t vote them out,they own the system.Americans will have to do what the founding fathers did to the British…wake up it’s coming
December 4th, 2008 at 11:52 am
this is unreal.. …
this is unreal.. how can countyrwide tell people one thing, then do another… they should have trashed the house.. thats what people are doing now!
December 4th, 2008 at 11:52 am
How can you trust a …
How can you trust a person named Angelo Mozilo
Thanks BAC
Don’t worry be happy..be glad you lost the property..you can now buy it back for half the price…
December 4th, 2008 at 11:52 am
they think obama …
they think obama can cure this illness in economy.
even ron paul cant cure it.
December 4th, 2008 at 11:52 am
They are at fault …
They are at fault common sense before you buy something. For example if you find a lambo thats worth 120 K and you find it for half the price and you think its an amazing deal but if you dont have money to put gas in it then it aint such an amazing buy. The buying is never the problem is the payments. Unfortunatly our society doesnt get that and dont teach you that in school. I think before any class thats required they should have a class that teaches you common sense!
December 4th, 2008 at 11:52 am
Now Countrywide …
Now Countrywide uses a new set of contracts it is sending out via 3rd party representatives. The contracts are ambiguous, unclear and very late in the game for these people. Many of the customers are frantic and soothsayers hired to tell them everything is okay fear that telling them what they want to hear is nothing more than that, a hollow promise. A lie.