@pamelag: You are spot on.

@Katheryn: The fox was guarding the hen house and the fox still is. To say they are all shady is an understatement.

Not having the opportunity to shop for a loan is absolutely true. The only thing that stopped a refinance through our bank was the house would not appraise.. A year later out of desperation we could not get approved for a mod but no problem giving us a refi charging us $6,000 in points on an interest rate that would have -0- points with outside lenders. Not only did the inflate the value of our property, they added an additional $10,000 to the loan balance for the points and other junk fees they added on. Points, loan origination fee, application fee, misc. bank fees, bank processing fee. It is unbelievable! Then because it was a Home Affordable refi, they received tarp money for doing the loan in addition. What is WRONG with this picture. Was their no oversight whatsoever or even random audits to oversee loans made by banks that were receiving TAX PAYER money for funding? I don’t think I believe that.

As I sit here working on my files, the funniest (in an orxymoronic kind of way) and most ironic document that I have come across is the “Borrower’s Certification & Authorization” of which paragraph 3 states, “I/We fully understand that it is a Federal crime punishable by fine or imprisonment, or BOTH, to knowingly make any false statements when applying for this mortgage, as applicable under the provisions of Title 18, United States Code, Section 1014”. Prime example of the meaning of “one sided” agreement. I think that I will spend the little time I have and write a letter with this document as an attachment and send it to 1600 Pennsylvania Ave., NW, Washington DC.

No actual physical money transaction ever occurred. That is THEE Origination Fraud. That should kill any contract we had with them They broke the law right under our noses without our knowledge or consent and had us sign a LEGAL BINDING contract under FALSE PRETENSES, WE WERE BLINDSIDED AND THAT IS FRAUD..MASSIVE, PERNICIOUS MORTGAGE FRAUD WITH THE INTENT TO HARM US, WE ARE THE VICTIMS. They should be forced to RESCIND the loans. They massively DECEIVED AND THEN defrauded us. There is a coinage act that protects us from such fraud being perped against us. Did you know you when you were signing your mortgage note you were signing a check for the banks to cash that was really worthless, worth no more than monopoly money. Did you ever actually get a physical check to pay for your home with? NO, Not one of us did. The note is not the security instrument, the mortgage is the security instrument IF IT IS PROPERLY SECURED TO THE COLLATERAL WHICH IT WAS NOT. THEY NEVER PERFECTED THE COLLATERAL LIEN IN ALMOST ALL CASES. Sorry, we the victims will not negotiate with those blankety blanking criminals.

@John Hart: I thought many months ago that the banks should have to be made to RESCIND these fraudulent loans. They clearly broke contractual law and then with all of the rampant fraud from origination to the here and now. How is it possible that judges could be enforcing any of these fraudclosures when these loans are just rampant with fraud? If we would have known that they were putting us all aboard a ship that was GUARANTEED to sink would we have agreed to sign on the dotted line? I wouldn’t have. I was a legitamate borrower, I qualified for the mortgage loan, but hidden from me was the FACT that they were packaging GOOD RISK along with VERY RISKY and when they went down WE ALL WENT DOWN, GOOD AND BAD RISK. Everyone bought a house they couldn’t afford if they lost their job or business and they knew this. This is exactly what happened because of the engineered financial collapse. They set all borrowers up to fail. Some sooner, others later. Rescind my loan you crooks!!!!