https://4closurefraud.org/2011/01/19/daily-finance-the-making-of-a-liars-loan-with-help-from-the-loan-officer/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Wed, 03 Dec 2025 13:49:25 +0000 hourly 1 https://wordpress.org/?v=7.0.2 https://4closurefraud.org/2011/01/19/daily-finance-the-making-of-a-liars-loan-with-help-from-the-loan-officer/#comment-18295 Thu, 20 Jan 2011 23:42:37 +0000 https://4closurefraud.org/?p=17065#comment-18295 Most of the out-of-state cold-calling brokers during the Boom seemed unable to answer questions. They were in a hurry to sign us up and get off the phone. Halfway through 2006, we finally connected with one who ssigned us up with WaMu– though WaMu was on the other side of town and not our first or second choice–because he understood our question and could arrange a loan (re-fi)ro bringt the interest down to 5.75%. We wanted to pay points to ahcieve this. My husband and I weren’t getting any younger; interest rates were high then and we wanted also to keep our payment as low as possible. Most brokers answered that someone more experienced than they would have to call us back. It was a long time before any of the companies followed through. Also, when I asked if they wanted me to fax information about the annuities (collateral) they said, “no,” they’d do stated income, also it was better to leave my husband off the application as he was between jobs at the time. That’s been difficult since, Chase (which now owns the loan) refused for over a year to answer his questions about the loan modication process/charges unless I was home to “authorize” it first, even thorgh I send many signed authorizations for them to talk with him. Is there a reason why both our names couldn’t have been on the loan? Other women had the same thing happen, the broker suggesting they leave their husband off the new loan..

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