Comments on: American Mortgage Investors Places Blame on Servicers for Lack of Loan Mods https://4closurefraud.org/2010/11/21/american-mortgage-investors-places-blame-on-servicers-for-lack-of-loan-mods/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Mon, 22 Nov 2010 06:06:53 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: RAMONA https://4closurefraud.org/2010/11/21/american-mortgage-investors-places-blame-on-servicers-for-lack-of-loan-mods/#comment-13368 Mon, 22 Nov 2010 06:06:53 +0000 https://4closurefraud.org/?p=14509#comment-13368 In reply to kravitz.

Right,the left hand dosnt know the righthand but the both are the same bank…YIKES!! WHAT A NIGHTMARE!

]]> By: RAMONA https://4closurefraud.org/2010/11/21/american-mortgage-investors-places-blame-on-servicers-for-lack-of-loan-mods/#comment-13366 Mon, 22 Nov 2010 06:05:21 +0000 https://4closurefraud.org/?p=14509#comment-13366 In reply to Flex.

WELL, WE KNOW UNCLE SAM ISNT THERE FOR THE AMERICAN PEOPLE, HE IS ONLY THERE WITH HIS HAND OUT!

]]> By: Flex https://4closurefraud.org/2010/11/21/american-mortgage-investors-places-blame-on-servicers-for-lack-of-loan-mods/#comment-13339 Mon, 22 Nov 2010 03:41:03 +0000 https://4closurefraud.org/?p=14509#comment-13339 What took so long for AMI to make a statement to the public about their duties and responsibilities to their private investors, pubic, pension plans, and the government? If the servicers have their own interest and brake the law as we know some of the servicers are the same banks, they rather charge enormous amount of money and foreclose people’s homes, than offer a loan modification.
They had told the public that they can not do loan modifications because the investors have to approve it.
Now, for what I understand the investors support loan modifications to keep people in their homes and to continue working out other avenues like principal forbearance and/or principal forgiveness.
Why this was not done before, during the last 3 years people had lose their homes in foreclosure by the millions?
Even this year alone there are close to a million. Where is the sense of responsibility for any leader of any organization knowing what is happening with this epidemic and do nothing about it? How can you sleep at night knowing that many innocent families and children are suffering for losing their livelihood?
As we also know, many investors were taken advantage by the servicers and the banks in Wall St. when they bought the Mortgage Backing Securities as Bonds. Why the investors get together and suit the servicers for non-disclosures, for no transferring of the instruments, for no recording the instruments, for no keeping their end of the pool service agreements?
Why is it that Deutsche Bank, a foreign investor can suit Bank of America for over $47 Billion Dollars for these same reasons? Why all the investors get together with home owners and suit all the servicers and the too big to fail banksters for all the Fraud they are victims? If this will ever happened, all the banks will implode and will be insolvent and out of business. The government will never be able to bail out all the banks at once.
People are not that ignorant anymore and will never allow it again. Or I may be wrong. People in the U.S. don’t care and don’t get involve, because it is not their problem and is not happening to them. (Yet).
Let’s all wait for Uncle Sam fix this mess and see if in a few years we have a few homes left in our names.

]]> By: nissim sasson https://4closurefraud.org/2010/11/21/american-mortgage-investors-places-blame-on-servicers-for-lack-of-loan-mods/#comment-13306 Sun, 21 Nov 2010 19:10:20 +0000 https://4closurefraud.org/?p=14509#comment-13306 How about if we take the whole HAMP program out the hands of the Servicer’s and we stop their dual track system where in one hand they are processing a Loan Modification and in the Other hand they Foreclosing in your home at the same time?
What a crminal dual track system process the Servicers have !

]]> By: kravitz https://4closurefraud.org/2010/11/21/american-mortgage-investors-places-blame-on-servicers-for-lack-of-loan-mods/#comment-13291 Sun, 21 Nov 2010 16:34:05 +0000 https://4closurefraud.org/?p=14509#comment-13291 How about first we separate the TBTF banks from their in-house Servicing conflicts of interest departments. Until then, it’s mental muck.

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