Comments on: WSJ | Bank of America to Exit Correspondent Mortgage Business

By: Tim Bryant

Tim Bryant — Tue, 06 Sep 2011 17:57:04 +0000

In reply to ruth ann traci. Huffington Post has been very good at posting these horror stories. You can try them.

By: Tim Bryant

Tim Bryant — Tue, 06 Sep 2011 17:55:52 +0000

In reply to Anonymous. Originated by outside vendors.

By: Tim Bryant

Tim Bryant — Tue, 06 Sep 2011 17:55:15 +0000

In reply to Lakshmi.

Welcome to the new fraudulent world of mortgage finance. The banks are unaccountable and can break any and every law they choose.

I believe that you can put a “mechanic’s lien” on the house, depending on the state you are in. Putting pressure on them through the media is also a good tactic. You’re case would get some play, because the industry is so fragile, and BofA is an example of how builders are being affected.

By: Lakshmi

Lakshmi — Sat, 03 Sep 2011 02:08:55 +0000

I am a builder. I just found out that Cornerstone Mortgage sold my client’s home improvement loan to BOA.. I finished the work on the house and am owed 10k. It is due now as the contract explicitly states. BOA said they won’t pay me for 30 days. I cannot wait 30 days and shouldn’t have to!!!!!!!!!!!!!!!! The mortgage company says “too bad. we can’t do anything about it”. I would never have dealt with BOA!!! How can they just hand this over to someone I would never have done business with!!!!!!!! I don’t even know if I will get my money!!!!!!! I am going into their bank on Tuesday and demand my money. If I don’t get it, I will make sure everyone in the lobby knows why!!!!!!!!!!

By: matt thein

matt thein — Thu, 01 Sep 2011 07:20:54 +0000

shelley ive seen your previous posts.you’ve talked about g.hernandez being employed by both recontrust and mers could you call me at 253 377 6419 matt thanks

By: lvent

lvent — Wed, 31 Aug 2011 20:29:42 +0000

In reply to Tim Bryant.

They just keep tossing the fraud ball to a new court….pure evil…..as if changing hands changes anything…..there is nothing they can do to legalize fraud………or makes these secure debts….

By: Tim Bryant

Tim Bryant — Wed, 31 Aug 2011 20:18:36 +0000

BofA has already sold its entire reverse mortgage portfolio to Fannie Mae

By: ruth ann traci

ruth ann traci — Wed, 31 Aug 2011 19:39:17 +0000

In reply to Bictim. bictim, so well said ,wish someone from CNN would print it, unfortunately no one wants to hear about the homeowners screw job, now it is jobs, jobs, jobs, which should have been a number one focus since the b refused to help anyone but themselves, and now they are complaining about interest hikes, oh well, that includes increase in homeowners payment, there is no win win for the average citizen!!

By: Anonymous

Anonymous — Wed, 31 Aug 2011 18:42:31 +0000

What exactly does that mean, “correspondent mortgage business” ?

By: Bictim

Bictim — Wed, 31 Aug 2011 18:09:22 +0000

I am only a customer of BofA by default when it took over from Countrywide. I can only say that my personal experience was the beginning of my total decline in any faith that the mortgage or banking business had any integrity whatsoever. They have a scripted “so sorry we didn’t meet your expectations” response to everything now since there is no such thing as customer service, only “Customers Serve Us”. Horrific criminal enterprise and aside from the fact that I don’t wish to see a lot of innocent people lose their jobs, this bank cannot bite the dust fast enough as far as I’m concerned. And a nice tar & feathering of those who participated in the lying and cover ups, having the audacity to take money from the taxpayers and continuing to defraud them, and to add insult to injury, outsourcing jobs to offshore phone banks, would be a plus.