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  • 00:31

    Why Mortgage Modifications Are So Discouraging

    in Finance

    Everyone has the same question in the back of their minds. The loans should be worked out rather than foreclosed. That is what is done with commercial loans, that is what was done in residential loans and it is still done with credit cards and other consumer loans. So why are we having problems with workouts and modifications?


    The answer is simple: we are not dealing with the creditor. We are dealing with an intermediary whose instructions are to get the loan into foreclosure. So they tell borrowers that they can’t qualify for a redo of their loan unless they stop paying, they say and do a lot of things that encourage the borrowers to do things that make them look like deadbeats when the case goes to foreclosure judgments. The borrowers are not deadbeats. They are victims just as the investors are victims. But we never hear from the investors because they don’t know that anything is wrong with their investments — because they are getting paid regardless of whether the “borrower” pays or not.


    Many judges have been asking two questions for years even as they give the banks the benefit of the doubt:


    (1) why is the modification process so enigmatic and random (and why are there not more workouts like it used to be in civil courts and bankruptcy courts) and


    (2) why are we seeing this shell game with first some bank or other entity claiming it is the owner of the loan, denying even the existence of the REMIC Trust, then they admit the existence of the Trust and claim the loan is owned by the Trusts, then they say the servicers have the right to foreclose and not the trusts or the investors, and then they keep switching servicers and trustees? To the Judges that ask these questions, it looks like a shell game but without appropriate pleading and evidence they can’t rule on it — or get the answers to their questions.

  • 03:33

    MIGHTY THOR NETWORK: "DEBT SHOW TUESDAY" WITH "LION OF JUDAH" BROTHER SHARIF

    in Education

    The House of Restoration Ministry a/k/a THOR is Private Membership Association Ministry who studies, shares, provides a forum for Consumers to get support from other members regarding abusive debt collection. THOR covers information pertaining to alleged foreclosures, credit cards debts, student loans, auto loans, etc. Being a Consumer can be a challenging situation, being an educated consumer can be a "POWERFUL" position if used correctly. "THOR & BROTHER SHARIF" will peel back the layers of the Debt Buying arena and you will be surprised at who pulls the strings to this Debt Collector Puppet. The Consumers need to be aware what they are up against, and how to prepare against their Adversary(s). The debt collection business is big business and the Consumers is a big target, if you are not educated, poised, armed, confident, spirited, and prepared, you will be forced into economic conditions not conducive to your lifestyle. Are you ready???? Today we will provide show filled with entertainment, laughter, consumer information, recent cases and news, along with the Lesson of the day. JOIN US!! We are not attorneys and do not give legal advice!!

  • 00:32

    Interview with Carolyn Johnson, VP of Finance, MyBusinessCreditCoach.com

    in Marketing

    Carolyn Johnson is the VP of Finance at MyBusinessCreditCoach.com in Las Vegas, Nevada. Company headquarters are located Valencia, CA, just 25 miles north of Los Angeles.


    Since the mortgage meltdown, many traditional small business have been cutoff from business loans needed to strategically expand and meet short-term business objectives.


    Born and raised in New York City, Carolyn worked as a residential real estate salesperson and mortgage loan officer for over 10 years, helping first time and move up clients in the home buying process.


    In 2008, Carolyn transitioned to commercial real estate. Prompted by the economic slowdown and changing business lending rules, she added business financing and came to the rescue of thousands of small business owners who found themselves with few options.

    Carolyn's strength is that she intimately understands the unique challenges of starting, maintaining and growing a business.


    MyBusinessCreditCoach.com offers the following business loan and credit solutions to eligible parties in the United States:


    Unsecured Business Credit Cards, Enterprise SBA Loans, Business Revenue Loans, Accounts Receivable Financing, Sign & Wrap Financing, Floor Plan Financing, Book of Business Programs, EB-5 and E-2 Visa Programs, Real Estate Flip Funding...just to name a few.

  • 01:59

    Credit KILLERS Part 1 with Sherry Helsel of A Team Credit Consulting LLC

    in Finance

    Sherry Helsel is a Certified Credit Consultant. She has undergone extensive training in credit restoration (restoring someone’s credit to the best it can be) which includes stopping collection calls and harassment by creditors. She is an expert in debt negotiation, Credit Identity Theft Restoration. As a consumer advocate, she believes in helping others accomplish their financial goals, knowing how much it will improve the quality of their lives. 
    In 2009, Sherry started her own credit consulting business. Today Sherry will show us:
    1. Student loans are a huge credit killer that is not necessary
    2. How student loans report on credit reports
    3. Ways to eliminate student loans affecting credit negatively
    4. How to repair credit once they are negative


     

  • 00:41

    THE DAILY COMPLAINT (WELLS FARGO/ASC/REFUSAL TO PROCESS RMA/MHA HAMP/CFPB/HELP)

    in Finance

    TODAY'S SPOTLIGHT:


    WELLS FARGO HOME MORTGAGE (WFHM) AMERICA'S SERVICING COMPANY (ASC) REFUSAL TO PROCESS MHA HAMP REQUEST FOR MORTGAGE ASSISTANCE (RMA) MHA HAMP CFPB USDOTHELP


    "the daily complaint"


    Every weekday we answer client complaints on The Daily Complaint to provide direction and resources for both the person complaining as well as other consumers experiencing similar issues whether it be mortgage fraud, loan servicing escrow issues, loan modification runarounds or denials, short sale refusals, deed in lieu negotiations and credit card debt collector abuses and fraud violations.


    I routinely look for posts to answer in hopes that it will not only bring optimism to those homeowners and borrowers in distress but also some basic information to assist in fighting the banks that are "too big to fail" like Bank of America and Citi but yet don't appreciate the bailout that we provided in their time of need.  The debt collectors like Ocwen and Nationstar are simply just piranhas but they can be beat at their own game too just like the big banks can be defeated.  


    We are committed to answering consumer complaints and addressing everyday credit and debt issues on The Daily Complaint and I thank you for your continued support!


    We hope you enjoy the Show...


     


    Dana Shafman


    Managing Member


    END Consulting


    Phone (888) 234-7006 Ext 101


    Fax (888) 234-7096


    Dana@ConsultingEND.com


    Every new beginning comes from some other beginning's END!


    THE DAILY COMPLAINT - LIVE WEEKDAYS AT 8:30 AM PT (CA) & 11:30 AM ET (NY)

  • 03:55

    MIGHTY THOR RADIO: DEBT SHOW TUESDAY WITH BROTHER SHARIF

    in Education

    The House of Restoration Ministry a/k/a THOR is Private Membership Association Ministry who studies, shares, provides a forum for Consumers to get support from other members regarding abusive debt collection. THOR covers information pertaining to alleged foreclosures, credit cards debts, student loans, auto loans, etc. Being a Consumer can be a challenging situation, being an educated consumer can be a "POWERFUL" position if used correctly. "THOR & BROTHER SHARIF" will peel back the layers of the Debt Buying arena and you will be surprised at who pulls the strings to this Debt Collector Puppet. The Consumers need to be aware what they are up against, and how to prepare against their Adversary(s). The debt collection business is big business and the Consumers is a big target, if you are not educated, poised, armed, confident, spirited, and prepared, you will be forced into economic conditions not conducive to your lifestyle. Are you ready???? Today we will provide show filled with entertainment, laughter, consumer information, recent cases and news, along with the Lesson of the day. JOIN US!! We are not attorneys and do not give legal advice!!

  • 01:01

    6-29-15 SPECIAL GUEST: Mitch Kider of WBK with an important Regulatory Update!

    in Finance

    No question that the regulatory changes and the enforcement actions have made it more challenging to be a Mortgage Banker these days.  To discuss the latest challenges and what we can expect in the future, we have MITCH KIDER, Chairman and Managing Partner at Weiner Brodsky Kider PC, back as our special guest.  Mitch will be giving us an update on the regulatory landscape as well as answer including the following:



    What can we learn from recent mortgage industry litigation?
    What is the latest RESPA Enforcement by the CFPB?
    What are some of the more unique approaches CFPB has taken in their enforcement?
    What do you think of the CFPB’s position?
    The Department of Justice seems to be pretty active pursuing lenders for the submission of false claims concerning FHA loans.  What’s their approach?
    What do you think of the Quicken lawsuit against the Department of Justice and HUD?


    Don't miss this important broadcast with Mitch Kider, the nation's leading regulatory and litigation attorney defending those in the mortgage industry.  


    Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT.  

  • 00:33

    THE DAILY COMPLAINT (SETERUS/APPLYING PAYMENT ERRORS/ESCROW/SUSPENSE/RESPA/CFPB)

    in Finance

    TODAY'S SPOTLIGHT:


    SETERUS MORTGAGE LOAN SERVICING ERRORS APPLYING PAYMENTS TO ESCROW ACCOUNT OR SUSPENSE ACCOUNT INCREASE IN MORTGAGE PAYMENTS CONSUMER RIGHTS RESPA CFPB


    "the daily complaint"


    Every weekday we answer client complaints on The Daily Complaint to provide direction and resources for both the person complaining as well as other consumers experiencing similar issues whether it be mortgage fraud, loan servicing escrow issues, loan modification runarounds or denials, short sale refusals, deed in lieu negotiations and credit card debt collector abuses and fraud violations.


    I routinely look for posts to answer in hopes that it will not only bring optimism to those homeowners and borrowers in distress but also some basic information to assist in fighting the banks that are "too big to fail" like Bank of America and Citi but yet don't appreciate the bailout that we provided in their time of need.  The debt collectors like Ocwen and Nationstar are simply just piranhas but they can be beat at their own game too just like the big banks can be defeated.  


    We are committed to answering consumer complaints and addressing everyday credit and debt issues on The Daily Complaint and I thank you for your continued support!


    We hope you enjoy the Show...


     


    Dana Shafman


    Managing Member


    END Consulting


    Phone (888) 234-7006 Ext 101


    Fax (888) 234-7096


    Dana@ConsultingEND.com


    Every new beginning comes from some other beginning's END!


    THE DAILY COMPLAINT - LIVE WEEKDAYS AT 8:30 AM PT (CA) & 11:30 AM ET (NY)

  • 01:30

    Wealthmoney radio Show

    in Education

    Byron Dale and Greg Soderberg talk about the consequences of a debt money based system. Where all the money is created thru loans, how interest grows the debt,  but not the money supply, and other effects of interest on our lives.

  • 00:56

    Ron Siegel Radio Network June 25, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills, CA, Lisa Dunn of Rancho Santa Margarita, CA and Bart Carey of Anaheim Hills, CA discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on NBC Talk Radio. 


    Ron, Lisa and Bart discuss: What is collaborative Divorce; Should We Keep the House or Sell It; What Happens with a Mortgage after Divorce; Sellers Dilemma, OTM, FSBO or List Again; Top Tips for Home Safety While You’re on Vacation; Rep Jim Langevin, What We Should Be Doing to Protect Our Kids Credit; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         www.SiegelLendingTeam.com


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio


          


     

  • 00:56

    Ron Siegel Radio Network June 24, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills, CA, Robert Mott of La Quinta, CA, discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on NBC Talk Radio. 


    Ron and Robert discuss: What are the Five S’s of Wine Tasting; Can a Bottle of Tainted wine “infect” the other bottles stored in the same wine cooler; 5 Crazy Things People Would Rather Do Than  Ask for a Raise; Homeowners Can Spend Over $9K a Year in Hidden Costs; Buy vs. FFRet, What Really Creates Family Wealth; Homeownership Hits Another Record Low; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         www.SiegelLendingTeam.com


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio