FHA Mortgage Focus Fuels Lend America...

FHA Mortgage Focus Fuels Lend America's Rise

There are 835 comments on the Housing Wire story from Jun 30, 2008, titled FHA Mortgage Focus Fuels Lend America's Rise. In it, Housing Wire reports that:

The changing landscape in mortgage banking is propelling fast-growth for lenders that specialize in originating mortgages endorsed by the Federal Housing Administration ; Melville, New York-based Lend America ...

Join the discussion below, or Read more at Housing Wire.

WE KNOW WHO THE RATS WERE

Garden City, NY

#618 Dec 30, 2009
IT was the disgruntled LO's from Refi.com . They should have never come to Lend America if they hated it so much. IT takes a real bitch to sit at a desk and collect money while you rat out the company behind its back. It wasnt all the REfi guys but there were a few that we know of.
No second helpings -

Amityville, NY

#619 Dec 30, 2009
If there was nothing to tell, how are they rats? They're in knee deep with the government if they've been lying...very knee deep.
Cheese Eaters

Garden City, NY

#620 Dec 30, 2009
Refi Pikers were the rats 100%.
Free Money

Middle Island, NY

#621 Dec 30, 2009
I hope everyone who worked there goes to jail.
Question

Glen Cove, NY

#622 Dec 30, 2009
What is Refi.com ? Are they hiring?
Nope

Glen Cove, NY

#623 Dec 30, 2009
Had nothing to do with the illegal activity....
david mizrahi

United States

#624 Dec 30, 2009
how about the .125% to the los and the .25% to the managers we were promised. are we going to get that?
LendAmerica REopens

White Plains, NY

#625 Dec 30, 2009
Not really, everyone associated with the company should be in jail by next Christmas
No second helpings -

Amityville, NY

#626 Dec 30, 2009
rats don't matter if there's no truth to the rumors - I don't particularly like the way the Feds work, but there are just too many incidents of misconduct and fraud, let alone the misappropriation of closing payments for prior mortgages on refis.
into the mystic

Warwick, RI

#627 Dec 30, 2009
Every one needs to chill. We were all friends for the most part. Actually more like family. Now all of you in here make fun and beat up the character of your fellow worker. The majority of you broke the law every day by putting the loans in someone else's name. When one of your loans closed and didn't fund you still took your pay and did the same thing to the next loan. Lend America made you call complacent. So all of you need to stop acting high and mighty. NO Loan officer made any real money there closing loans. The wheel spins, envelopes or $1000 made you more money than closing loans. Most of you at Lend America were BROKE. Every day I had someone asking me if they could borrow money. Even the managers who made salaries ask me to borrow money. I used to bring extra food so a manager could eat. So you all need to stop pretending that you are ballers. How many of you are hiding your leases from the repo man now? As for the rats who cares. Some of you mentioned the refi crew. Refi.com is up and running again. What where their names. Those 2 managing directors who didn't manage squat. Heard they were some of the rats along with some other big wigs. Lend America did violate the law with funding, licensing and document storage. Did ashley really give mark and ej money to open up a van guard? Did ashley really give all the files to them as well? So the moral of my little story. SHUT THE FCK UP. WHO CARES NOW. THERE IS NOTHING THAT CAN BE DONE. STOP BITCHING AND MOVE ON.

Btw. The training at la did suck. It wasn't class act. It was crap 101.

Good luck to all and happy new year.

1 last thing. To the amin of this blog/crap, please shut it down.
No second helpings -

Amityville, NY

#628 Dec 31, 2009
why shut this blog down? it's VERY active and if there's no reason to care, then just ignore it, but the papers and feds, you can be sure, are using this blog to give them leads. if nothing else, it's entertaining. reading numerous times that another company was started up gives them more leads. and, reading that some execs already pleaded the fifth is just a "little" bit incriminating and raises more red flags than one can fathom. but pleading the fifth doesn't matter when the gov't case is so strong with so many prior loans sitting unfunded. there is nothing more damning than that. it's hard to believe they thought they could get away with that for long and you don't need "rats" to point that out. the "rats" were the borrowers who got notices from their prior banks saying they were in default because (Don't)Lend(to)America never paid off their prior mortgages.
whw

Benson, NC

#629 Dec 31, 2009
were in the hell is my 2nd mortgage funding that has not been paid for 2 months now but iam paying to lend america in my housepayment since there is nothing illeagle going on there you people set around and whine about your paycheck when people are setting out here going to lose there homes becaused they trusted in this company and got screwed and yet if you call today no matter who you talk to you get the same answer you got 3 months ago SOMEONE WILL CALL YOU BACK.
Very Curious

Brecksville, OH

#630 Dec 31, 2009
Can anyone tell me who the officers of the company are...besides Ashley? Can't seem to get that info anywhere.
whw

Benson, NC

#631 Dec 31, 2009
just recieved a letter from lend america they sold my loan i called and asked how they could do that without paying off all my old loans i was told i would have to deal with the new company about my 2nd mortgage i wish i could pay my bills like these people it must br nice to screw people and not feel bad about it and were is the justice dept they worried about the hud but people like me and other we can go to hell they are not doing anything to help us
Payback

White Plains, NY

#632 Dec 31, 2009
into the mystic wrote:
Every one needs to chill. We were all friends for the most part. Actually more like family...

1 last thing. To the amin of this blog/crap, please shut it down.
more like a crime family.
Moving On

East Brunswick, NJ

#633 Dec 31, 2009
whw wrote:
just recieved a letter from lend america they sold my loan i called and asked how they could do that without paying off all my old loans i was told i would have to deal with the new company about my 2nd mortgage i wish i could pay my bills like these people it must br nice to screw people and not feel bad about it and were is the justice dept they worried about the hud but people like me and other we can go to hell they are not doing anything to help us
If your 2nd mortgage was not paid off it's most likely that the letter you recieved it to notify you of the transfer of servicing. Several days ago Lend America's servicing rights were pulled and the loans were transferred to a new servicer. As far as your loan being sold I doubt that anyone would purchase it without the 2nd lien being released. The title insurance company would have to address that and get it sorted out. Call the # on the letter you recieved and they might have more information for you.
Joel McHale

New Rochelle, NY

#634 Jan 1, 2010
Chicken Tetrazini???
stole from mikey

Haledon, NJ

#635 Jan 1, 2010
wheres mike, anyone know?
stole from mikey

Haledon, NJ

#636 Jan 1, 2010
I know hes still financing his relatives
Maury

Budd Lake, NJ

#637 Jan 1, 2010
Are you telling me he's cheating on you because your best friend is cooking him chicken tetrazini??

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