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Chris Dodd cannot find the paperwork because the statute of limitations has not run out yet. After he is no longer subject to prosecution, the papers will be found.

Billary did the same thing, it was part of the Whitewater scandal.


Chris Dodd = Criminal. Hell he even looks like a shady used car salesman.


Your tactic will NOT work and yes the payments would still have to be paid in some form. Just getting 2 months behind does NOT qualify you for the mods and you will just find yourself having ruined your credit for NOTHING.


All delinquent payments would be rolled into any modification program you enter into but going delinquent does not guarantee you will get a favorable repayment plan. Why are you considering this tactic?


Because they make their money from selling these bad loans in the marketplace to idiotic hedge fund investors who have no idea what they are even investing in.

The bank takes the bad loans, packages them together with other bad loans, and


If anybody has picked up a newspaper lately, you can figure out that Bank of America is buying Countrywide. Bank of America is one of the largest and most successful financial institutions in the world. They have been successful in their recent acquisitions

countrywide mortgage news

Is Mortgage-Debt Forgiveness Worth the 'Moral Hazard'?

21.05.12

“What I’m really worried about is what happens if you put an incentive shift out there that says, ‘If you can demonstrate hardship, you can have your debt forgiven,’” said Edward DeMarco, the acting director of the Federal Housing Finance Agency, in an interview with The Wall Street Journal.

Right now, about three-quarters of homeowners who are deeply underwater on mortgages backed by Fannie and Freddie are still making payments. (“Underwater” borrowers owe more than their homes are worth.)

There’s been little research on the subject, in part because the speed and depth of the housing price-crash of the past five years has little national precedent.


Source: Wall Street Journal (blog)

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At Bank of America, more incomplete mortgage docs raise more questions


IN RE TMST, INC.


Former Countrywide Chief Angelo Mozilo Asks Judge to Dismiss Allstate Suit


Mortgage Companies Settle Suits on Military Foreclosures
Mortgage Companies Settle Suits on Military Foreclosures

Protecting the Civil Rights of Servicemembers