Specialized Loan Servicing and BONY

[Tucson John]

Hello, I am back transferred to SLS for servicing. Received letter stating eligible for DOJ Mod. originally CW. Question has anyone received a DOJ Mod with BONY as the investor? They held up a interest rate reduction Mod before and I had to settle for an in-house that cost me more.


Thanks for your time, Tucson John

[Evan Bedard]

Hello, I am back transferred to SLS for servicing. Received letter stating eligible for DOJ Mod. originally CW. Question has anyone received a DOJ Mod with BONY as the investor? They held up a interest rate reduction Mod before and I had to settle for an in-house that cost me more.


Thanks for your time, Tucson John

Hey John,

Yes actually another member just posted today that they also received the same letter from SLS and their investor is BONY as well, here check it out.

http://www.loansafe.org/forum/bank-a...p;goto=newpost

[Tucson John]

Thanks Evan Hope springs eternal. I too have been able to sleep many nights because of this forum!

[Evan Bedard]

I'm so happy to hear the forum has helped you have many peaceful nights:-) Just make sure you keep in touch with SLS on a regular basis for updates on your account, good luck and keep us posted!

[Tucson John]

Hello all, So does anybody know the details of the involvement of SLS and BONY in the DOJ settlement. Any insight would be greatly appreciated are they required to participate per the settlement or is entirely dependent on securities or is it discretionary. Supposedly i am in underwriting/review with them and all my eggs are in that basket.


Thanks

[Evan Bedard]

Hello all, So does anybody know the details of the involvement of SLS and BONY in the DOJ settlement. Any insight would be greatly appreciated are they required to participate per the settlement or is entirely dependent on securities or is it discretionary. Supposedly i am in underwriting/review with them and all my eggs are in that basket.

Hey John,

That is a good queston, I'm not 100 percent positive but I do not believe there is any specific details of the settlement that pertain to either BONY or SLS servicing..

[Cat Damiano]

SLS is one of the 9 sub servicers listed as eligible through BofA under the DOJ settlement.

Here are the nine sub servicers eligible for the DOJ Settlement through BofA

1. Bayview Loan Servicing
2. Residential Credit Solutions
3. Resurgent Capital Services (D/b/a Resurgent Mortgage Servicing)
4. Nationstar Mortgage
5. Specialized Loan Servicing
6. Select Portfolio Servicing
7. Vantium Capital
8. Greentree Servicing
9. Fci Lender Services


You can download the BofA consent judgement and read through it here;

Federal Government & Attorneys General reach landmark settlement with major banks | NationalMortgageSettlement

[anxiousfrank]

I have contacted Green tree servicer of my second mortgage many times and they dont know anything regarding doj investor is bof a.Is it because Im current.anybody else in similar situation.please advice

[Cat Damiano]

I have contacted Green tree servicer of my second mortgage many times and they dont know anything regarding doj investor is bof a.Is it because Im current.anybody else in similar situation.please advice

It shouldn't make a difference if you are current, but it may make a difference in the case of a second lien if the loan is not both owned and serviced by BofA. You may want to try contacting the executive team at BofA just to ask the question about the eligibility since you are not getting the answers from Green Tree but keep in mind that the answer may just be generic as they most likely would not be able to look up your loan.

It is worth a try to see, contact them here;

BofA executive team;

1-704-386-5687

[momee]

Im with SLS from CW and BofA what a nightmare. I just received the trial letter we are 8 pymts behind. Was transferred from BofA at 3 pymts. SLS wouldn't take pymts from me for a few months. Finally one day when I called they said they would while I was going thru the modification process. Been giving them 1 pymt each month till they give me answers on the modification which has been taking forever to process. Finally a week ago I get the trial offer. Oct, Nov Dec trial payments permanent after that. Will reduce my principal $161,688.00 can't wait to see if that happens. Struggling to make the 1st pymt on Oct 1st thet didnt give me much notification. Ill keep everyone posted. What a roller-coaster-ride we all our on. I can't wait to get!

[Cat Damiano]

Im with SLS from CW and BofA what a nightmare. I just received the trial letter we are 8 pymts behind. Was transferred from BofA at 3 pymts. SLS wouldn't take pymts from me for a few months. Finally one day when I called they said they would while I was going thru the modification process. Been giving them 1 pymt each month till they give me answers on the modification which has been taking forever to process. Finally a week ago I get the trial offer. Oct, Nov Dec trial payments permanent after that. Will reduce my principal $161,688.00 can't wait to see if that happens. Struggling to make the 1st pymt on Oct 1st thet didnt give me much notification. Ill keep everyone posted. What a roller-coaster-ride we all our on. I can't wait to get!

Good Luck and please keep us posted on your progress.

[kenneth]

i was just turned down after being sent a fedx letter saying i qualify did not pass the MVP TEST whatever that means ???? so i,m going to reapply.