in Re Bank of America Home Affordable Modification Program (Hamp)...

Jun 16, 2013 | Posted by: roboblogger | Full story: JD Supra

SIX FORMER BOA EMPLOYEES TESTIFY THAT BOA MODIFICATION AND FORECLOSURE SPECIALISTS WERE PAID AND INSTRUCTED TO LIE TO HOMEOWNERS, PAID WITH GIFT CARDS IF THEY SUCCESSFULLY THREW THE HOMEOWNER INTO FORECLOSURE AND WERE DISCIPLINED OR FIRED IF THEY FAILED TO TURN OVER THE REQUESTS FOR MODIFICATION INTO THE RIGHT NUMBER OF FORECLOSURES.

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Jesse

New York, NY

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#1
Jun 16, 2013
 
This is the shit hitting the fan.
Frank Ricci

Palm Coast, FL

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#2
Jun 20, 2013
 
Finally,the real story about B of A is out. I have been waiting for a loan modification 3/12 years.I sent the same documents 10 times, only to get another excuse. " we need more docs" I had 15 loan specialist review my file with no results. This is a Rip-off "1st class of Tarp funds using tax payer's money . CEO Of B of. A a took a $9.3 million bonus last year and committed fraud with no criminal charges. This is a joke, too big to fail and ok to screw the public.
ChristinaRiccisT its

Miami, FL

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#3
Jun 20, 2013
 
Frank Ricci wrote:
Finally,the real story about B of A is out. I have been waiting for a loan modification 3/12 years.I sent the same documents 10 times, only to get another excuse. " we need more docs" I had 15 loan specialist review my file with no results. This is a Rip-off "1st class of Tarp funds using tax payer's money . CEO Of B of. A a took a $9.3 million bonus last year and committed fraud with no criminal charges. This is a joke, too big to fail and ok to screw the public.
LOL, YOU are the one trying to break your mortgage agreement but THEY are the ones screwing you. Cool story bro.
chris

Detroit, MI

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#4
Jun 21, 2013
 
B of A gave me a mortgage and later found out they did a stated income loan. after being in the mortgage biz i found out i should have never been given the loan. loans are all based on risk. B of A gave a young adult a loan that he couldn't afford. knowing what i know now i would have never went through with it. real great bisness practice. they set me up for failure. i got screwed in a loan modification as well. i lost 50% of my income when i lost my last job. what i figure. im breaking a contract on a loan that i should have never been put in. so it is a cool story. B of A put all there chips in on risky loans and now they are getting bit in the ass. whta i figure. if they didnt give me sure a risky loan i never would be in this position. i didnt put a gun to their heads and made them give me a loan i couldnt afford from the get go.
Home School Valedictorin

Miami, FL

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#5
Jun 21, 2013
 
chris wrote:
B of A gave me a mortgage and later found out they did a stated income loan. after being in the mortgage biz i found out i should have never been given the loan. loans are all based on risk. B of A gave a young adult a loan that he couldn't afford. knowing what i know now i would have never went through with it. real great bisness practice. they set me up for failure. i got screwed in a loan modification as well. i lost 50% of my income when i lost my last job. what i figure. im breaking a contract on a loan that i should have never been put in. so it is a cool story. B of A put all there chips in on risky loans and now they are getting bit in the ass. whta i figure. if they didnt give me sure a risky loan i never would be in this position. i didnt put a gun to their heads and made them give me a loan i couldnt afford from the get go.
Try growing up and accepting responsibility for your own stupidity for once, kid. Nobody's perfect, I've made bad decisions in my life too. The difference is I man up to them. I don't rant on some message board blaming others.

Those nasty bankers gave me too big of a mortgage...whaaahwhaahwhaah... are you for real? SMH
chris

Detroit, MI

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#6
Jun 21, 2013
 
your not getting it. i got laid off. had to take a pay cut. things happen.I cant afford the payment and the bank wasnt willing to work with me. my house is worth about 150,000 less than i owe. im not putting all the blame on the bank but i'm also not going to be house poor like you. im happy the didnt want to work with me. i would never break even. its called being financially savy. phil mickelsons advisors told him to walk away from his properties and hes worth 100 million. its how the world works. the banks were trying to make quick money and they lost. ill be able to buy again in a couple of years and ill be eating steak while your house poor eating rom and noodles. i would call your bank right now. remember i asked them to give me a lower payment and extend to loan out past 30 year. they told me to go take a leap. i gave them a chance to make even more money.
chris

Royal Oak, MI

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#7
Jun 21, 2013
 
any by the way. the bank told me to stop making my payment then they could re modify my loan. well they didn't. now i'm in foreclosure and there is no fix. the reason they didn't is because the loan is backed by the government. fannie mae had to take over the loan when it went into foreclosure. which they gave the mortgage company the full price of the mortgage plus lawyer cost. so now the American public is picking up the bill. this why the banks are getting in trouble. they are praying on people that going through financial problems. so it was my mistake for listening to the bank. that's why they are getting busted for telling people this. foreclosure is there way out. this could have been worked out with a re-modification. so home school call your good old bank of America and tell them your welcome. because your picking up b of a's bill for them. they got greedy and now they are dumbing the bill on you.
Home School Valedictorian

Miami, FL

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#9
Jun 25, 2013
 
chris wrote:
any by the way. the bank told me to stop making my payment then they could re modify my loan. well they didn't. now i'm in foreclosure and there is no fix. the reason they didn't is because the loan is backed by the government. fannie mae had to take over the loan when it went into foreclosure. which they gave the mortgage company the full price of the mortgage plus lawyer cost. so now the American public is picking up the bill. this why the banks are getting in trouble. they are praying on people that going through financial problems. so it was my mistake for listening to the bank. that's why they are getting busted for telling people this. foreclosure is there way out. this could have been worked out with a re-modification. so home school call your good old bank of America and tell them your welcome. because your picking up b of a's bill for them. they got greedy and now they are dumbing the bill on you.
"it was my mistake for listening to the bank".....everything else you posted is just noise.
Chris

Clayton, MI

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#10
Jun 25, 2013
 
Home School Valedictorian wrote:
<quoted text>
"it was my mistake for listening to the bank".....everything else you posted is just noise.
noise out of your pocket. Thanks for picking up my mortgage. Don't sink with it. Injoy those Rom and noodles.
Home School Valedictorian

Miami, FL

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#11
Jun 25, 2013
 
Chris wrote:
<quoted text>noise out of your pocket. Thanks for picking up my mortgage. Don't sink with it. Injoy those Rom and noodles.
No, I don't invest in mortgage-backed securities, so I won't be taking any loss from your default. You, however, will likely be phucked financially for years to come. Next time try thinking about how you can afford to pay for something, as opposed to having people with interests against your own think for you.
chris

Detroit, MI

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#12
Jul 10, 2013
 
i doubt you invest in anything. the government bought alot of those mortgage back securities. so i guess you did buy them. you kind of sound like you work for a bank. its nice to see you trying to defend your industry. its kinda trying to defend you kissing your sister on the lips. i dont even know how you could be upset with me. the bank told me to stop making my mortgage payments. i did what they told me to. they told to stop making payments and 6 months of dragging me threw the modification process which they had all the documents after a week and then they sold my loan and that mortgage company wasnt going to modify anything. my initial call was to get a lower interest rate.
Jesse

New York, NY

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#13
Jul 11, 2013
 
Chris stop replying to Home School Valedictorian -he is a paid troll working for some nefarious governmental or financial fusion center. He is either an ex-military loser who plays too many video games or a failure of a lawyer who settles for the pittance paid him by the financier mafia which has usurped the governments of the world.

Since: May 13

Location hidden

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#14
Jul 14, 2013
 
I hope not. Raising awareness is must. Without public testimony at trial this is what we have to go on. Luckily we have this.
Home School Valedictorian

Miami, FL

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#15
Jul 15, 2013
 
Jesse wrote:
Chris stop replying to Home School Valedictorian -he is a paid troll working for some nefarious governmental or financial fusion center. He is either an ex-military loser who plays too many video games or a failure of a lawyer who settles for the pittance paid him by the financier mafia which has usurped the governments of the world.
I've never been in the military, play no video games, and have never worked for a law firm or a bank. Any other ASSumptions, Vagisil breath?

"financier mafia which has usurped the governments of the world"....I can tell you're a raging genius
Home School Valedictorian

Miami, FL

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#16
Jul 15, 2013
 
chris wrote:
i doubt you invest in anything. the government bought alot of those mortgage back securities. so i guess you did buy them. you kind of sound like you work for a bank. its nice to see you trying to defend your industry. its kinda trying to defend you kissing your sister on the lips. i dont even know how you could be upset with me. the bank told me to stop making my mortgage payments. i did what they told me to. they told to stop making payments and 6 months of dragging me threw the modification process which they had all the documents after a week and then they sold my loan and that mortgage company wasnt going to modify anything. my initial call was to get a lower interest rate.
You are blaming the bank because you bought more home than you could afford and didn't honor your contractual obligation. Whether or not they work on a modification for you, it was YOUR actions that brought about the problem in the 1st place. YOU bought more home than YOU could afford and YOU couldn't uphold YOUR end of the deal.

I invest in plenty of different things, but not in any mortgage-backed securities....too many d-bags defaulting and having the nanny government bail them out.

Since: Nov 12

Davao City, Philippines

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#17
Jul 20, 2013
 
nice thread. thanks for sharing that information. it was very informative.
[url=http://www.legacylegal.co m/credit-education/credit-topi cs/credit-repair-specialist.as p]Credit Repair[/url]
Jesse

New York, NY

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#19
Jul 22, 2013
 
Home School Valedictorian wrote:
<quoted text>
You are blaming the bank because you bought more home than you could afford and didn't honor your contractual obligation. Whether or not they work on a modification for you, it was YOUR actions that brought about the problem in the 1st place. YOU bought more home than YOU could afford and YOU couldn't uphold YOUR end of the deal.
I invest in plenty of different things, but not in any mortgage-backed securities....too many d-bags defaulting and having the nanny government bail them out.
Wait - I should have stopped at "Home School Valedictorian".
Home School Valedictorian

Miami, FL

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#20
Jul 22, 2013
 
Jesse wrote:
<quoted text>
Wait - I should have stopped at "Home School Valedictorian".
Go back to bed, Jesse.

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