A Real Countrywide Email From the Office of Angelo Mozilo - Email Below Calls Homeowner Disgusting

[Moe Bedard]

A Real Countrywide Email From the Office of Angelo Mozilo - Email Below Calls Homeowner Disgusting

It isn’t every day that you get to see behind the scenes of the housing and mortgage crisis. Mainstream media usually tells the same homeowner story of pain and suffering and then the “made up” stories from the lenders and servicers who are masters of deception and lip service.

Here is an email that was forwarded to me by a Countrywide Home Loans borrower named Dan Bailey. Don joined my forum to get free foreclosure help and assisitance in obtaining a loan modification from Countrywide and that is just what he got. He followed or advice to a “t”, wrote his hardship letter (we provide free samples here and on the forum) and then proceeded to email and fax his information to the email list we provided him.

Email from Dan to Countrywide after he received the disturbing email from the Office of Angelo Mozilo sent to him by accident:

Hello,

I took the advice on this forum, and e-mailed my hardship letter to the list of e-mail addresses posted in the threads. Two minutes later, I received a reply……a mistaken reply by Angelo Mozilo to the rest of the people on the list. Here it is. Nothing like this to kick a person while they are down. What hope do I have …

“removed@yahoo.com
CC: Steve_Bailey@Countrywide.Com
Subject: Re: bailey acct# xxxxxxxxxx
From: Angelo_Mozilo@countrywide.com Add Mobile Alert
Date: Mon, 19 May 2008 06:41:34 -0700

This has already been sent on to our senior manager who will determine the facts behind your request and he will take the appropriate actions.
Dan Bailey
05/19/2008 06:37 AM

To Angelo_Mozilo@countrywide.com
cc
Subject Re: bailey acct# xxxxxxxxxx
Interesting to find that you think my letter is disgusting. I will send this on….

Angelo_Mozilo@countrywide.com wrote:

This is unbelievable. Most of these letters now have the same wording. Obviously they are being counseled by some other person or by the internet. Disgusting.

Original email. Did this warrant this response from Angelo Mozilo? I sure don’t think so!!!!

Dan Bailey Photography Studio
05/19/2008 06:12 AM To advocacy@countrywide.com, customer_service@countrywide.com, pressroom@countrywide.com, david_bigelow@countrywide.com, angelo_mozilo@countrywide.com, lisa_riordan@countrywide.com, elizabeth_moyer@countrywide.com, sarah_perek@countrywide.com, chris_oltmann@countrywide.com, gabrielle_williams@countrywide.com, maheshika_ruwanpathirana@countrywide.com, adrienne_ely@countrywide.com, raquel_robinson@countrywide.com, linda_turner@countrywide.com, daniel_whitehead@countrywide.com, melissa_guerra@countrywide.com, mary_archer@countrywide.com, aline_ramirez@countrywide.com, kacie_miller@countrywide.com, patricia_mckenzie@countrywide.com
cc
Subject bailey acct# xxxxxxxxxxx

To Whom It May Concern:
I am writing this letter to explain my unfortunate set of circumstances that have caused me to become delinquent on my mortgage. I have done everything in my power to make ends meet but unfortunately I have fallen short and would like you to consider working with me to modify my loan. My number one goal is to keep my home that I have lived in for sixteen years, remodeled with my own sweat equity and I would really appreciate the opportunity to do that. My home is not large or in an upscale neighborhood, it is a “shotgun” bungalow style of only 900 sq. ft. built in 1921. I moved into this home in May of 1992…this was the same year I got clean and sober from drugs and alcohol, and have been ever since, this home means the world to me.

The main reason that caused me to have a hardship and to be late is my misunderstanding of the original loan. I was told that after the first year of payments, I would be able to refinance to a better fixed rate- then the bottom fell out of the industry. My payments for that first year were on time. I also lost my second income due to physical conditions in a very physically demanding industry.

As my ARM payments increased, I have had less money to put towards making my business (income) work. I had been unable to generate business because all of my funds were going towards attempting to make my loan payments. This, coupled with major repairs to my vehicle (93 jeep) and paying out of pocket for medical and dental issues (I have no ins.) caused me to fall further and further behind, destroying my credit rating.

Now, it’s to the point where I cannot afford to pay what is owed to Countrywide. It is my full intention to pay what I owe. But at this time I have exhausted all of my income and resources so I am turning to you for help.

I feel that a loan modification would benefit us both. With that, and knowing my home will not be foreclosed, I would be able to obtain a roommate in order to generate more income, have the funds to generate more business and have a good working relationship with Countrywide. I would appreciate if you can work with me to lower my delinquent amount owed and payment so I can keep my home and also afford to make amends with your firm.

I truly hope that you will consider working with me and I am anxious to get this settled so we all can move on.
Sincerely and Respectfully,

Daniel A Bailey Jr.
Loan # xxxxxxxxxxx
Dan Bailey

Welcome
Dan Bailey

Moe@LoanSafe.org> wrote:
Dear Dan,

Thanks for sharing your story with the community. I spoke with *** and she had mentioned the content of the email for CW and I was upset and anxious to get this story out to the media. She emailed me a copy, but nothing was in the email and I feel this email needs to be shown to everyone. My blogs and forums are read by many lenders and government officials and this would pull the wool from their eyes on inter office communications and how they really feel.

Thanks!
–
Best Regards,
Moe Bedard
Founder & VP
Loan Safe Solutions
www.LoanSafe.org
www.LoanWorkout.org
951-531-0148 Direct
800-734-8819 Fax
—————————————————————–
This message may contain Loan Safe Advocacy Group Privileged/Proprietary information. If this email is not intended for you, and you are not responsible for the delivery of this email message to the addressee, do not keep, copy or deliver this email message to anyone. Please destroy this email in its entirety and notify the sender by reply email. Your cooperation is appreciated.
—————————————————————–
Don’s final email to Countrywide:

Mr./Ms Jemisaon,

In attempting to come to some way to save my home, I took the advice on forming my hardship letter from a forum. Why? Not all of us have been to a university to study business and we need some help in dealing with these matters. (perhaps, if we had, we would not have fallen for what we did, to start with)

To have recieved the e-mail that I did, stating by one of your employees, that what I did was “disgusting” and “unbelievable” has been just about the final straw. I am trying to do the right thing, I am trying with every ounce of what I have left in me not to blow my brains out ovewr losing the home I have been in for 16 years. The only hope I had left was that perhaps the countrywide company did want to help the people it is servicing….then I receive that responce to my letter. Just great. Now I know, that it is all a nice fat laughing matter to those who are supposed to help.

Us poor stupid “theys” that he is reffering to, are human beings trying to do their best….

I did post the responce from angelo mozilo in the forum. Loansafe.org

[Andrew]

Love It, He Sent It Back To Mr. Bailey By Mistake. And who would have thought my email would have led to tons of people sending out similar ones. Hello Mr. Mozilo

[Moe Bedard]

Mistakes can pull the wool from over everyones eyes, such as in this case and reveal the true feeling of a company or person. A mistake that is hard to go, oops my bad. It is done and there is nothing they can do but back track and damage control.

This story is actually bigger than many people realize.

The LA Times would like to speak with Dan Bailey. Dan, I hope you speak with them and let your story be heard. It is very important to get this out there to the media.

[Moe Bedard]

submitted by Corona Horseman on May 20th, 2008 at 4:38 pm

In my dealings with Countrywide over the last several years, I have come to realize that a great deal of financial planning went into Mozillo’s company. We will see in the coming months just how much, as more and more States Attorney Generals have a look see at business practices. Countrywide, again and again show their true colors, yet are the first to say they were the ones taken advantage of.

I have been in the mortgage industry for over 18 years and have never seen a company use and abuse their position in the industry.

When all is said and done, and 100’s of thousands of people have lost their homes, Mozillo will sit on his beach and reitterate how disgusting “those” people are. God Bless

[Andrew]

Yes this email can be huge. Moe we really need to get this into the media's eye. This email can make nationwide news.

[djbailey]

Dan, ABC news called me this morning at 0430 trying to locate a # for you. I don't have a clue how they got me, but they did. I told them the last number I knew of was the same as 11 years ago. Good luck.

Your ex-wife