Loan Modification Forum - LoanSafe.org - View Single Post

BillB · 07-29-2009, 01:16 PM

I have Chase for my 20 loan and also Deutshe as the investor and have not yet started the modification process since I may try a different angle and try strong arming them into a settlement since they are apparently up on fraud charges for loans they got from New Century that they bundled into securities and then got paid for by insurance. Almost makes you wonder if all these delay tactics, etc. are put in because Deutshe will not open up the pool where your loan is in hence not able to renegotiate. It could be that we are paying back our mortgages to basically nothing via Chase. I'm not 100% sure on this but this is the avenue I'm exploring. Have you tried the QWA thing? If my theory is correct or at least partially correct they may not be able to produce any of the original docs depending on the chain of custody after the original loan was signed.

07-29-2009, 01:16 PM	#40 (permalink)
BillB Member Join Date: Jun 2009 Posts: 12 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chase/Wamu and Deutsche Bank I have Chase for my 20 loan and also Deutshe as the investor and have not yet started the modification process since I may try a different angle and try strong arming them into a settlement since they are apparently up on fraud charges for loans they got from New Century that they bundled into securities and then got paid for by insurance. Almost makes you wonder if all these delay tactics, etc. are put in because Deutshe will not open up the pool where your loan is in hence not able to renegotiate. It could be that we are paying back our mortgages to basically nothing via Chase. I'm not 100% sure on this but this is the avenue I'm exploring. Have you tried the QWA thing? If my theory is correct or at least partially correct they may not be able to produce any of the original docs depending on the chain of custody after the original loan was signed.