America has actually been listening, and fully understand the lies that are being stated in this letter.
What Congress better understand is the fact that if there is anymore of their fully agreed upon collusion with the Mortgage Bankers, America will demand their arrest and trial for their compliance in this crime.
From Urban Dictionary: The term “pigs ass” is used in many situations. It is most commonly used when someone claims something is not true.October 8, 2010
Here is a taste of the propaganda bombarding our elected officials daily. Refuse to let this deception continue undisputed and unrefuted. Please contact your US & State representatives with a copy of the predators’ drivel below and your rebuttal.
There is much work to do.
The Honorable XYZ
United States House of Representatives
Washington DC 20515
Dear Representative XYZ,
We are writing to set the record straight on the efforts mortgage servicers are making to assist
at-risk homeowners, as well as to address the issues that are being raised about the processing of documents for mortgages that are in foreclosure.
Foreclosure Document Reviews
As we have said consistently, foreclosure helps no one, and it is the last thing our mortgage servicing companies want to have happen. That is why our members work hard every day with their customers who are behind on their mortgage to try to find a solution that avoids a foreclosure. This effort has produced dramatic positive results for homeowners. Mortgage servicers have completed 1.3 million loan modifications for homeowners thus far in 2010 and more than 3.7 million since 2007.
Unfortunately, there are circumstances when a modification or other potential solution such as a short sale is not possible and foreclosure proceedings must be undertaken. As has always been the case, no change in the terms of the loan will help a homeowner if they don’t have adequate income to make even greatly reduced monthly payments, or if they have no desire to remain in the home. If that is the case, a foreclosure must be pursued by the servicer.
We want to assure you that foreclosure is not initiated by servicers until many months of delinquent payments, after repeated attempts to work with the homeowner, and only when all other foreclosure prevention efforts have failed.
In several states, some mortgage servicers have
