Countrywide with Wells Fargo investor. - Loan Modification Forum

HopingtoFind · 03-18-2009, 02:44 PM

Our primary residence is with Countrywide... Wells Fargo investor. We currently have interest only loan at 4.75% that will be adjusting in May and will include principal.

I put a call in today to Countrywide to see if we would be eligible for new Obama plan. They basically told me that currently our investor.. Wells Fargo is not participating in this new plan.

Has anyone heard of this?

Moe Bedard · 03-18-2009, 02:48 PM

I am not sure about them as an investor...........but as a servicer they are participating...........
contact the executive team and ask
1-800-853-8516

https://www.wellsfargo.com/mortgage/.../stabilityplan

suzieq · 04-17-2009, 01:53 PM

I just tried to go to Countrywide for a loan modification and they said that my particular investor (whom they told me they legally did not have to name) had rejected 100% of all loan mods. I later learned that I did have a legal right to know who the investor is, called Countrywide and demanded to know, and after 10 minutes of being on hold they reluctantly told me Wells Fargo. This was just last Tuesday (April 14th). Since then I am on the warpath trying to get anyone and everyone to listen that I think these two companies are in collusion. Wells Fargo is hiding behind the Countrywide name, and Countrywide is protecting their identity. Wells Fargo has accepted government money and should not be able to do this, even if it is under the Countrywide name. PLEASE HELP ME SPREAD THE WORD!!!!! I have only 28 days until they foreclose on my home and I will be ********.

NeedHelpwCW · 04-17-2009, 03:25 PM

My investor is Wells Fargo too. I submitted my financials and documents right after Obama announced the program and have not heard from CW at all. My profile has "referred" as the status. ffice

ffice" />>>
>>
Their website has this "The company will offer the Home Affordable Modification Program for its own loans and loans it services for Fannie Mae and Freddie Mac, as well as for all other investors unless their servicing contracts prohibit it."
www.wellsfargo.com/press/2009/20090304_Obama_HAMPSP
>>
Every time I called into CW for a status update, the person on the other end does not even know what I am talking about. I don't know when the modification piece will be implemented.

HopingtoFind · 05-14-2009, 03:52 PM

I have submitted documents hoping to qualify for Home Affordable Modification program and it has been confirmed that my investor Wells Fargo does not participate in the program..
We'll see if they will offer some other modification... our payment is increasing by $800 next month..

Moe Bedard · 05-14-2009, 04:03 PM

Hoping..........

Is this for your primary residence?

http://www.financialstability.gov/do...0Agreement.pdf

03-18-2009, 02:44 PM	#1 (permalink)
HopingtoFind Senior Member Join Date: Oct 2008 Posts: 653 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Countrywide with Wells Fargo investor. Our primary residence is with Countrywide... Wells Fargo investor. We currently have interest only loan at 4.75% that will be adjusting in May and will include principal. I put a call in today to Countrywide to see if we would be eligible for new Obama plan. They basically told me that currently our investor.. Wells Fargo is not participating in this new plan. Has anyone heard of this?

03-18-2009, 02:48 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide with Wells Fargo investor. I am not sure about them as an investor...........but as a servicer they are participating........... contact the executive team and ask 1-800-853-8516 https://www.wellsfargo.com/mortgage/.../stabilityplan __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

04-17-2009, 01:53 PM	#3 (permalink)
suzieq Junior Member Join Date: Apr 2009 Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide with Wells Fargo investor. I just tried to go to Countrywide for a loan modification and they said that my particular investor (whom they told me they legally did not have to name) had rejected 100% of all loan mods. I later learned that I did have a legal right to know who the investor is, called Countrywide and demanded to know, and after 10 minutes of being on hold they reluctantly told me Wells Fargo. This was just last Tuesday (April 14th). Since then I am on the warpath trying to get anyone and everyone to listen that I think these two companies are in collusion. Wells Fargo is hiding behind the Countrywide name, and Countrywide is protecting their identity. Wells Fargo has accepted government money and should not be able to do this, even if it is under the Countrywide name. PLEASE HELP ME SPREAD THE WORD!!!!! I have only 28 days until they foreclose on my home and I will be ********.

04-17-2009, 03:25 PM	#4 (permalink)
NeedHelpwCW Senior Member Join Date: Dec 2008 Location: California Posts: 173 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide with Wells Fargo investor. My investor is Wells Fargo too. I submitted my financials and documents right after Obama announced the program and have not heard from CW at all. My profile has "referred" as the status. fficeffice" />>> >> Their website has this "The company will offer the Home Affordable Modification Program for its own loans and loans it services for Fannie Mae and Freddie Mac, as well as for all other investors unless their servicing contracts prohibit it." www.wellsfargo.com/press/2009/20090304_Obama_HAMPSP >> Every time I called into CW for a status update, the person on the other end does not even know what I am talking about. I don't know when the modification piece will be implemented.

05-14-2009, 03:52 PM	#5 (permalink)
HopingtoFind Senior Member Join Date: Oct 2008 Posts: 653 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide with Wells Fargo investor. I have submitted documents hoping to qualify for Home Affordable Modification program and it has been confirmed that my investor Wells Fargo does not participate in the program.. We'll see if they will offer some other modification... our payment is increasing by $800 next month..

05-14-2009, 04:03 PM	#6 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide with Wells Fargo investor. Hoping.......... Is this for your primary residence? http://www.financialstability.gov/do...0Agreement.pdf __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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