• Report: #448525

Complaint Review: Countrywide Mortgage / Bank Of America

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  • Submitted: Sun, May 03, 2009
  • Updated: Sat, May 12, 2012

  • Reported By:Halethorpe Maryland
Countrywide Mortgage / Bank Of America
customers.countrywide.com Nationwide U.S.A.

Countrywide Mortgage / Bank Of America Fraudulent Modifications to Consumers... Was told my Modification Paperwork was "non-negotiable" and that unsigned my rate would cap at 13.5% in two months... Media keeps saying this mess is because people bought homes they couldnt afford - They are not mentioning how consumers cant afford the resets - especially while rates are so LOW!!!! Nationwide

*Consumer Comment: JAYPEE MORGIN SONG

*Consumer Comment: WEINER SONG 8

*Consumer Comment: DOW JONES SONG

*Consumer Comment: THE TITANIC IS SINKING AND OUR POLITICIANS ARE......

*Consumer Comment: Ironic is right.

*Consumer Comment: MICHELLE, SEND ALL YOUR INFO TO.....

*Consumer Comment: MICHELLE, THE MEDIA WILL PROTECT THE......

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I have been in the mortgage industry for over 7 years....so when I am on the phone with my Lender and talking about my personal mortgage, I am amazed at the lies and constant double talk that exist.
My Arm was due for reset in Aug/Sept..I started calling way back in Feb to try & refi..they wanted to but I didnt have the value based on the real estate crash...they said in order to modify my loan I had to be w/in 4 months of the reset...

so in May I started all my calls- Thats where the games began- they argued , hung up, "accidently" disconnected me in excess of 40 times for at least 2 months- then they tried to tell me I had a Pay-Option Arm-which I dont-This is where I really could see how they were playing with consumers- consumers who are not versed in mortgages would not even know what this type of mortgage is- ever...I argued, pleeded, and begged for months- they told me somewhere in July or aug that papers were sent to me(those "papers" arrived in Nov)The reset came around and I paid the hiked 9.5% for several months- but then just couldnt handle that bill on my budget.....and I had lost my job 3 times in 10 months(thanks to the mortgage industry)

How ironic huh?? When I pleaded with a rep one day she actully made the comment " It doesnt look like you have a problem paying your bills" I had never been late in 7 years---the only thing this told me was that they were only helping people who had fallen behind or already facing forclosure- well thats where I was headed because my payment was up to $2900 for a single mom- just the mortgage on $275,000 thats crazy high !!!

There are people out there with half a million dollar homes that do not pay this amount for a mortgage.
Last but not least Ive fallen behind because I was on a budget during the reset period and used my extra money. Now after "bacically forcing" consumers to sign thier "Mod" they are telling me I am not eligible for
"The Obama Plan" because you may only have one Mod in a year.....

I now know why this housing crisis is out of control and will stay that way for a while- consumers are letting their houses go because they can just leave and rent a home for less than half of thier pyment now -Lenders could easlily fix consumers payments to lower especially since rates are so low right now- My next step is to contact a news crew....Apparently they need to be enlightened as well because they do not really hit on why all the reset mortgages that were sold years ago havnt been fully addressed

Michelle
Halethorpe, Maryland
U.S.A.

This report was posted on Ripoff Report on 05/03/2009 07:41 PM and is a permanent record located here: http://www.ripoffreport.com/r/Countrywide-Mortgage-Bank-Of-America/nationwide/Countrywide-Mortgage-Bank-Of-America-Fraudulent-Modifications-to-Consumers-Was-told-m-448525. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 Consumer Comment

JAYPEE MORGIN SONG

AUTHOR: Karl - (USA)

STOCK WENT DOWN
(Please sing to the tune of "Happy Days")

Anyone can 'Google' this- MIDKAR BROADWAY HOLLYWOOD AND TV THEMES, and click on 'Happy Days' and sing the following lyrics to that midi tune, right?

Here we go- 1, 2, 3, 4....

JayPee Morgin's stock went down
Lots of smiles turned into frowns
Massive sell-off has begun
Singing songs can be such fun
Summer is getting near.
Wall Street is nothing but a scam
(Wall Street is nothing but a scam)
Tell uncle Joe and then text Pam
(Tell uncle Joe and then text Pam)

Everybody, spread the word
The bankers are stinky, smell like a big turd
Our system is rotten, that ain't no joke
Lots of rich people will soon be broke.

(Music)

JayPee Morgin took her car
Repo man smokes big cigar
Spread this song around the web
Please tell Pete and then text Deb
JayPee is one big sham.

Most bankers in the U.S. lie
(Their stocks will go low not up high)
The bankers made the people cry
(Text every girl and every guy)
We're singing songs here on the web
We're having fun and singing songs
On the web!

End.

Anyone can go to the CNNMoney website and type in JP Morgan Chase's stock symbol: JPM, and see that their stock lost 9.28% on Friday, May 11, 2012. There were over 217 Million shares traded on Friday, which is more than six times its average daily volume.

Feel free to stay at this site and type in 859687 and read Sharon's Ripoff Report about how her car was taken by the Repo man after Chase Auto financing refused to work with her.

Thank You

WELCOME TO AMERICA- OUR GOVERNMENT IS BEING CONTROLLED BY A CARTEL OF CORRUPT, GREEDY, AND INEPT BANKERS WHO ALSO CONTROL WALL STREET AND EVEN THE PRICE OF OIL







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#2 Consumer Comment

WEINER SONG 8

AUTHOR: Karl - (USA)

WEINERMAN
(Please sing to the tune of- "Let It Be")

Anyone can 'Bing' this- FREE THE BEATLES MIDI FILES, and click on 'Let It Be' and sing the following lyrics to that tune, right?

Here we go- 1, 2, 3, 4....

When he sees those sexy girls on Facebook
 He becomes their biggest fan
Ain't no politician
 Weinerman.

And when he follows them on Twitter
 Dreaming of a perfect tan
Not a family person
 Weinerman.

Weinerman, weinerman, weinerman, weinerman,
 Not your average human
Weinerman.

And if he sends some girl an email
 Poo-poo might soon hit the fan
Sneaky politician
 Weinerman.

His days are starting to get gloomy
 Go text Marsha then tell Jan
Brady girls be careful
 Weinerman.

Weinerman, weinerman, weinerman, weinerman,
 Go tell Greg and Peter
Weinerman.

Weinerman, weinerman, weinerman, weinerman,
 What got into your head
Weinerman?

(Keep on singing & grilling!)

Anyone can 'Google' this- WEINER TELLS FRIENDS HE WILL RESIGN, and read the related articles on the web.

Thank You

POWER TO THE PEOPLE

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#3 Consumer Comment

DOW JONES SONG

AUTHOR: Karl - (USA)

CROCK A LIES BABY
(Please sing to the tune of- "Rock A Bye Baby")

Anyone can 'Google' this- MIDI TUNES FOR KIDS! BILLYBEAR4KIDS, and click on 'Rock A Bye Baby' and sing the following lyrics to that tune, right?

Here we go- 1, 2, 3...

Crock a lies baby
One giant scam
Go tell aunt Martha
Tell uncle Sam
When the Dow blows
People will be mad
Say bye-bye Retirements
One big ol' fad.

(Keep Repeating)

Thank You

The Dow Jones lost 137 points today, after being down 292 points earlier in the session. About 90% of all Retirement accounts in the USA are invested in the stock market.

"Knowledge is power."

POWER TO THE PEOPLE
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#4 Consumer Comment

THE TITANIC IS SINKING AND OUR POLITICIANS ARE......

AUTHOR: Karl - (U.S.A.)

MAKING SURE THAT THE BANKERS HAVE PLENTY OF MONEY, and all of the LIFEBOATS!

WELCOME TO AMERICA- ONE BIG SINKING SHIP!

More poems to come.

I'm Karl, and I approve this Update!
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#5 Consumer Comment

Ironic is right.

AUTHOR: Flynrider - (U.S.A.)

I'm very surprised to see a post like this from someone who claims she was in the mortgage industry for seven years. If that is the case, you knew that when you signed up for an ARM, that the rates would likely increase after the teaser period was up. You wanted the low ARM teaser rate and you were betting (i.e. gambling) that the house's value would rise and you could refinance down the road. Well, sometimes when you gamble, you lose. You either thought you could get a nice low payment for a few years with the lower ARM rate, or you bought more house than you could afford and the ARM was the only financing you could get. Either way, as someone in the mortgage business, you have no one to blame but yourself.

I have some sympathy for uneducated buyers who were duped by lenders into thinking these ARMs were a good idea, but what's your excuse? Good luck with the news crew. Somehow I think that your history with the folks that created this mess is going to leave them less than sympathetic to your cause.
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#6 Consumer Comment

MICHELLE, SEND ALL YOUR INFO TO.....

AUTHOR: Karl - (U.S.A.)

ANDREW CUOMO, the Attorney General of New York!

HE'S THE ONLY ONE WHO TRULY CARES ABOUT THE AMERICAN PEOPLE!

Do NOT trust any POLITICIAN ever again!!!! Do NOT trust the Mainstearm Media!!! NEVER TRUST ANY CEO, COO, CFO, EXECUTIVE...............ever again!!!!!

America is one BIG LIE!!!!!!!!

Good luck to you!
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#7 Consumer Comment

MICHELLE, THE MEDIA WILL PROTECT THE......

AUTHOR: Karl - (U.S.A.)

THE ONES WHO ARE PROVIDING THEM WITH ADVERTISING REVENUE!

Don't trust the Mainstream Media to be on the side of Americans, because the corporations are where the Mainstream Media gets their MONEY! However, the Mainstream Media FORGOT that Americans keep the corporations going by spending their money on all of the products & services that these corporations provide, correct?

It's interesting that the MAINSTEAM MEDIA opted to NOT do a story on the- Quote: 'Collapse of the U.S. economy', back in the summer of 2007 when they had information regarding that possiblility, right?

Simply 'Google' this- RIP OFF REPORT GM CREDIT CARD SERVICES, and go to Betty's Ripoff Report, & then to all the 'Updates' posted there.
It's quite apparent that the Mainstream Media must have had some idea of what was to come, or what MIGHT have come, wouldn't you agree?

Now 'Google' this- RIP OFF REPORT RICHMOND TOYOTA BIGGEST JOKE, and simply go to the 'Updates' section and take a look at whose addresses appear. I believe that NBC is located at 30 Rockefeller Plaza in New York, right?

I guess they thought that the 'Collapse of the U.S. economy' wasn't a good enough story to consider, huh?

'Only a PAWN in their GAME!' - Dylan
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