Comments on: Manhattan U.S. Attorney Sues Bank Of America For Over $1 Billion For Multi-Year Mortgage Fraud Against Government Sponsored Entities Fannie Mae And Freddie Mac

By: hazel hager

hazel hager — Wed, 30 Apr 2014 17:50:46 +0000

I am tears reading all this fraudulent action from BanK of America and Countrywide. I was one of those homeowners who were kick out of my home knowing it went foreclosure. We bought the house in 2005 and was never late in Mortagage.. In 2008 we try to refinance the loan in a fixed rate but the appraisal and home value was underwater. After two month and try to talked bank that raised my rate to 8 percent and not affordable for us. I was notified that our house foreclosed in 2012 I was contacted by bank of America that the foreclosure did not go through.. I had lof of things between that time I had to move to different places did not know my house was empty all this time. Because of this foreclosure I have to file BK because of my credit messed up I work in finances so I also this affected me to work in financial institution. I also got divorce because of the stress this had cause us it brought problems to our marriage. I am now back to my current home after representative of the bank US bank now it was sold by bank of America that I can go back and remodify my loan I am eligible.. especially my BK was discharge. Now I try to remodify the loan it was by Servicer called Select Portfolio now after giving all my information its now transferred to Nation Star mortgage who is sending me now that I owe the money since 2008 when I believed I was foreclosed . I did not profited or used my home for my self interest the house was empty all that time I had proof mortgage company did not sent me statement on what to pay my rate my loan amount etc. Also my mortgage tax statement. And utilities and home owners was just currently open or deactivated by me this year knowing and believing their marketing sales that I get the house in lower the appraisal value and the amount of payment I owe. Nation star mortgage had now sent me a statement I owe this 182000 interest from 2008 this was all added in my BK discharged in 2010 until now I don’t have any idea my mortgage payment or if they even looked at my remodification papers. Yes frustrating we should continue the litigation against this malpractice cause they only transfer the loan to servicer and really don’t help the consuners. I contacted the HOPE program hopefully they could be of help

I hope to get information for those who are pursuing the litigation on this case to follow or have a case worker for each homeowners to deal with the remodification of loan.. plus they need to pay compensation with all the damage they did to us.. I believed its very dramatic but in my case I could say it almost cause me to break down. I don’t want to go to foreclosure again and BK I just want to live in the house we were before. I put a lot of downpayment on this house before it went down in value.
.Please who ever wants to comment and see who is in the same situation as I am and got more help or result on this remodification and pursuant of this case please coment.. my email is hazelhazel50@yahoo.com

By: dawn robinson

dawn robinson — Sun, 17 Feb 2013 04:30:20 +0000

my name is dawn i have bank of america they have been playing with me since 2007 sold my house without telling me had a lawyer got it back but they charged me 10,000 pluss fees that im still fighting to catch up and fell behind again and again they are trying the same thing

By: Tracy

Tracy — Wed, 13 Feb 2013 17:10:57 +0000

In reply to mike and rebecca williams. Have they offered you a modification? You should be able to contact them about the HAMP modification - it requires that they modify your mortgage to 31% of your gross annual income. Also the consent judgment reached prior to this new complaint outlines, in the exhibits, what the banks have to take into consideration.

By: Lynda

Lynda — Mon, 29 Oct 2012 04:02:23 +0000

In reply to Bill. I had a Countrywide mortgage that was assumed by B of A in 2008. I tried to short sale my Arizona home, but after 6 attempts and up to 120 days waiting for B of A to process offers, people walked! The 7th offer was rejected because B of A said I had more than enough time to process a short sale; they foreclosed on me within 1 week of their declining the last offer. Then I found that the 7th offer (that was rejected) bought the house under the foreclosure process for more than $200000 less than I paid! Countrywide paid an added commission to the loan officer AND my real estate agent. Also, I think I was discriminated against because I was a woman and over 60 years old! I lost my retirement housing investment, so have no idea what I will do when I officially retire. I do not agree that this is an election year ploy. I believe this is justice that needed to be served 4 years ago! I wish them well.

By: mike and rebecca williams

mike and rebecca williams — Fri, 26 Oct 2012 14:31:23 +0000

i have bank of america and im trying to pay my payments but sometime i dont have it all so ive been paying what i can.and now there not wanting to take parcell payments at least im trying to pay something.CAN YOU HELP MY PLEASE I DONT WANTA LOOSE MY HO– USE IVE GOT 3 GRANDSONS THAT I GOT CUSTIDY OF.TNX

By: Bill

Bill — Thu, 25 Oct 2012 05:15:30 +0000

In 2006 Countrywide, Re-Max Excaliber, and Wells Fargo were working in concert in at least one scam in Arizona. I lost over $70,000. My “Place” was sold at a “Trustee” sale for $6,000 more than my original down payment in January, 2010. I became too weary to keep persuing this, but my Hope and Prayer is that this is all brought to Justice, whether I receive a dime or not.

By: daveleforge

daveleforge — Wed, 24 Oct 2012 20:04:39 +0000

This is all political BS, let’s all give a hand to Obama. Try helping the true victims here instead of you fat cats. We (my wife and I) agreed to a settlement contract, entitling us to several items, including a little bit of money.The other party (BofA) failed to fulfill what we agreed to within the time frame alloted via the contract language, furthermore the other party (BofA) has not honored the terms of the contract including the little bit of payment due to us. The other party (BofA) tricked us into signing a stipulation of dismissal and submitted it into the Indiana court system, telling the judge they had settled all claims with us. We immediatly sent a letter to the courts letting them know they had been lied to, and followed it up with a Motion for sanctions. This was in June 2012 and you guessed it, no answer yet, and the case still shows dismissed. When does this become a breach of contract, and who holds these criminals accountable? Oh by the way the Magistrate Judge suggested our Attorney withdraw from us, and whala he disapeared. Simply amazing huh.

By: aulstrue

aulstrue — Wed, 24 Oct 2012 19:38:07 +0000

The injustice is staggering, immoral and illegal. Every victim should be made whole. At the first knowledge, a moratorium on ALL mortgages should have been enacted to protect homebuyers BECA– USE they do not have access to representation by million dollar lawyers to defend themselves and as such should have been represented by our ‘givernment regulators’ paid for by taxpayers. The financial institutions, even now, are not following through with modifications and are still getting away with it. These peoples’ VERY HOMES have been stolen and with all the other bankong fraud going on stole billions for taxpayers and destroyed the economy. Those who are well off are inconvenienced and still have not been charged criminally although it is commom knowledge that what they did was criminal and immoral. Where is justice? This has destroyed countless lives of families who were barely hanging on already due to the dirty, corrupt business government collusion to allow even essentials ( food, utilities, health care, etc.) To grow to outrageous amounts and allowing near momopolies on everything so no one has a choice. I won’t even go into the next business ‘racketeering’ that’s known as the insurance industry.
Letting this all slide will only perpetuate the problem. Steal a stick of gum from the store, you go to jail. Rip off EVERYONE, keep your job and get a bonus.
The ONLY way to try to fix this would be what Iceland is doing; the people must take the power back, forgive the debt. Those who participated need brough to justice. The people dealt with these entities in good faith. Institutions who engaged in fraud have no standing to collect. Absolve the debts, government take control, those responsible, no matter who or what position they are in, need fired and prosecuted. It should certainly be clear to everyone that big business cannot be trusted to make the rules even though even today they still scream about regulations. The good of those who cannot protect themselves is one of the most vital reasons for government and they continue to fail miserably.
What will it take for justice? Should these issues be on the ballots for the people to have a voice? This is a critical time for our country and the world. Right now, a few very rich people are running everything for their OWN interests. It has to stop. If no justice is done and all this just slides, it will only get worse.
Absolute power STILL corrupts ABSOLUTELY.

By: Alabama John

Alabama John — Wed, 24 Oct 2012 18:40:54 +0000

We must protect our taxpayers.

Uh, Uh oh, I forgot the taxpayers are also the folks we foreclosed unlawfully on. Another thing to think about, they also vote.
OK for the big boys to sue one another, but not OK for the homeowner to sue for the same reasons and hurt.
Make sense? Not to me.

By: bobbi swann

bobbi swann — Wed, 24 Oct 2012 18:37:37 +0000

Need the laughing mouse here! It probably won’t amount to much of nothing (all these lawsuits by the gov’t against the banking institutions) but it’s still a drain on their money flow paying for all those defense attorneys! This is an excellent invironment for attorneys despite the economic status!