Major banks close to big settlement on home loans

Comments (3)
altalks21 wrote:

As punishment,Banks should be required to help homeowners that are underwater, to obtain loan modifications/ refinancing (no short sales), to help keep their homes.

Dec 31, 2012 8:25pm EST  --  Report as abuse
Sampall wrote:

While I applaud your reporting, I am still confused as to why nobody is reporting the fact that millions of homeowners (like me) are being overlooked and abandonned by this supposed bank settlement.

Because I have had 3 different servicers, and none of them are on the list (Fremont Investment & Loan, Litton Loan Servicing, and now Ocwen Financial) I get no foreclosure review, no compensation for the financial and emotional carnage I have had to deal with…nothing.

If a woman is raped, is it her financial responsibility to catch the rapist? to Hire an attorney and prosecute the rapist? Then why am I forced to fight multiple financial behemoths when they are clearly guilty of the largest attempted mass genocide in human history? It’s not just the money…. We are being murdered and nobody is even attempting to report it.

Dec 31, 2012 8:50pm EST  --  Report as abuse
LompocDad wrote:

Hey @Sampall,

If I am not mistaken, Fremont was part of Wilshire Credit which is now owned by BofA. I was with Fremont, but they got bought out. Check into it. I just called the Independent Foreclosure number and the lady on the phone said everything was still ongoing. She had no idea about the settlement taking place. But with 3.75 billion, that wont leave anything in our pockets if we do even see a dime. The national mortgage settlement provided 1.5 bil for 750k home owners, which was about $1500-2k. With this $3.75bil, amongst 4.4 million people, sounds like a potential free happy meal at McDonalds. Hope I am wrong though.

Jan 02, 2013 4:48pm EST  --  Report as abuse
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