Ours only showed up when I did the option where you had to put in name, address & SSN. Tried the other two options first, and neither way brought up our loans. But both showed up with that third option. Good luck!Originally Posted by iFrances
Ours only showed up when I did the option where you had to put in name, address & SSN. Tried the other two options first, and neither way brought up our loans. But both showed up with that third option. Good luck!
I tried ALL the options (except those asking for document numbers I didn't have) and all came up blank.
UPDATE:
Called Ocwen. They told me that my foreclosure on hold and they got my docs (I applied again for modification) and reviewing it. Kind of suprise... I dont know what triggered them to stop foreclosure and look at my modification again... Will see..
I posted in error...sorry
Last edited by mztabu; 03-19-2012 at 12:04 PM.
This is awesome info....do you know if I could find this information for bank of america who is listed as the servicer of my CWABS 2005-7 certificate, with trustee of bank of new york mellon?
Thanks much
Dakind or someone....I'm in the same situation..... they keep saying "Investor Doesn't Allow Loan Modifications" I spoke to my relationship manager and I asked him for the contact info for "Deutsche Bank" which is my investor from the MERS website. Anyone have any experience with them? Ocwen will be emailing me the contact info for Deutsche bank....so i can contact them for a special request.....haha good luck....sounds like mission impossible for me as well.
DaKind....sorry to ask for help.... what do you think my next step should be? How did you get them to look at your loan mod file again?
I don’t know for sure why Ocwen decided to review my docs for modification. Possible reasons below:
This is extract from ACE 2007-HE4 prospectus http://www.sec.gov/Archives/edgar/da...3085_424b5.htm
- Hawaii Act 48 stops foreclosure and requires a mediation (includes possible modification) between a bank and a borrower before foreclosure (act is until July 2012).
- I submitted QWR asking why the owner of my loan doesn’t allow modifications. I had modification prior for 3 years, I also submitted copies of SEC reports shown modifications done in ACE 2007-HE4 securities in 2011, and I asked why I could not get one?
- I submitted QWR asking if Fannie Mae/Freddy Mac is my investor because my securities ACE 2007-HE4 listed in lawsuit by US government against 17 banks.
- I called and requested to email me a package for a loan modification again after being denied couple times base on the fact that the owner of my loan doesn’t allow modification.
- I called HOPE hotline and had them to analyze my situation and called 3 ways conversation to Ocwen to see why they deny me. An Ocwen’s rep told us that they sent me a mod package (yeaa, I requested it!) to apply for a modification.
- All the above.
"Modifications
In instances in which a Mortgage Loan is in default or if default is reasonably foreseeable, and if determined by the related Servicer to be in the best interest of the certificateholders, such Servicer may permit servicing modifications of the Mortgage Loan rather than proceeding with foreclosure."Obviously, it is OCWEN responsibilities to work with me on a modification. It is nothing to do with owners/investors of my loan. I will collect more facts and submit it to Ocwen in case/if they deny me again! I paid $800 for REST report and submitted to OCWEN in November last year. It clearly shows that a modification is better than foreclosure, or short sale, or whatever...
ticgroup
Do you know what securities your loan is in? Did you ask Ocwen to tell you in writing who is your investor?
try to request (a QWR) from BOA to provide you "assignments of mortgage".
I just realized....OCWEN is bs'in me .... I had a loan mod back in 08 as well with Litton Loan....before it was sold to OCWEN..... this is their response to my chat with the Relationship Manager.....the research dept emailed me this:
Ocwen would like to take this opportunity to thank you for your recent communication regarding the above referenced loan. We appreciate the time and effort on your part to bring your concern to our attention. Pursuant to your concern, we have reviewed the loan and below is the recap of our response to the concern raised:
Concern: You requested Ocwen to provide you with the investor details on the loan.
Response: Please note that there is no single investor on the loan. The loan is one of many in a securitized investment trust: for GSAMP Trust 2005-WMC1, Pooling and Servicing Agreement dated as of September 1, 2005. Ocwen is the servicer of the loan, and not necessarily the owner of the loan. Although the ownership of the loan may change, the ownership has no bearing on the servicing of the loan. Ocwen is obligated to service the loan according to the terms and conditions of the original loan documents executed by the borrowers. As the servicer of the loan, all issues regarding the loan should be forwarded to Ocwen for an appropriate response.
We trust the information provided has fully addressed your concern.
thats total BS....i had a loan MOD back in 08 as well....which should fall under the same trust...
Great! Try to do same thing : Send them QWR, explain that you had a modification in the past (try to find yours on SEC reports and attach a copy, I found mine from 2008), include SEC reports show recent modifications by this Trust, and copy/paste "In instances in which a Mortgage Loan is in default or if default is reasonably foreseeable, and if determined by the related Servicer to be in the best interest of the certificateholders, such Servicer may permit servicing modifications of the Mortgage Loan rather than proceeding with foreclosure." this is from a standard PSA (POOLING AND SERVICING AGREEMENT), every securities has it. Fax it to research deparment 407-737-6375 and request a modification. Then call customer service 800-746-2936 and ask to send you a modification package.
The idea is to keep them reviewing your modification. They cant move forward with foreclosure if a modification is under review.
I am entertaining an idea of taking them to court to slow down foreclosure... I might have to do it later anyway if they would not modify.
Last edited by dakind; 03-20-2012 at 10:54 AM.
My notice of default already came this month...i have 3 months.....roughly til June 27....
Can you clear a couple things up for me? Where can I get SEC reports that show recent modifications for GSAMP Trust 2005-WMC1? Thanks a lot man.
Yes...I'm going to fight til the end also....litigation is something definitely I'm exploring as well.
Have you received your NOD yet?
woogy...ive gone to the sec site and tried and tried...using all the search functions...nothing come up.....can you direct me? thank you so much brotha
I think, your TRUST was terminated. http://www.sec.gov/Archives/edgar/da...129/gs05w1.txt
http://www.sec.gov/Archives/edgar/da...1291-424b3.txt
The latest filing is in 2007. EDGAR Search Results
I dont know what does it mean to you. Please google more regarding your TRUST.
I did received NOD in October from Ocwen and I ingnored it (wrong!).
yep..just waiting for the other secinfo.com website to pull out....i appreciate all your help man...lets stay in touch...good luck to us
Do you know who is your MAster Servicer? Mine is Wells Fargo. I was trying to look up your TRUST on their web site CTSLink but I cant find your TRUST. I saw GSAMP 2005 but there is no WMC1....
Just as an FYI it is Ocwn's choice to modify "Safe Harbor" protects servicer from investor coming back at them when they decide to modify, short sell, etc. Trust me I have done the research and have 15 years+ I fought for my mod for 2 years I think I wore them out. The more you know and can back up what you say they get tired of arguing. Also google who the CEO is and find out who is in upper management then when you are talking to someone in customer service or whomever get the email for the representitive you are speaking to that will help you figure out the people who can make the real decisions email. When you start emailing them things happen fast. This may sound awful but it is awful what they are doing to hard working people that are victims of the economy when they received their bailout. Incidently servicers don't like doing mods because they get paid full boat by the investor even if the loan defaults. Hope it helps.
hey dakind.... what do you make of this? SEC Info - GSAMP Trust 2005-WMC1 - 8-K - For 9/28/05 - EX-4
hey dakind.... there are 79 pages to it....should i send them all of it?
Can you explain how the SEC site works this is something I didn't know and am trying to search it. Thanks.
Dont send all of them. I looked at your TRUST documents on line and cant find anything regarding present time. May be you should write to Ocwen research dept (fax 407-737-6375) and tell them you had modification in the past.
I called Ocwen regarding my mod package that I sent last week. I was told that it was denied for the same reason: "the owner....bla..bla". They also told me that they never got my QWR for modification where I attached SEC reports!
I was told to fax it again! and they will look at it ....
The SEC site will give you the Prospectus for your trust which included the pooling and servicing agreement. This should tell you if modifications are allowed or not.
I am looking at different documents/reports on SEC and Wells fargo web site CTSLink (Thanks to Woogy!). Seems like A1 securities (GROUP I) was bought by Fannie and Freddie. My loan seems to be in GROUP II (so, my loan might be with different investors). I found document that called "Series Level Collateral File" it is in text format. I was ablr to analyze it in Excel. It shows about 1200 records (loans). I see my loan. I found a loan thatw as modified with OCWEN in Nov 2011, same owner/pool/series... Go figure...
Just to add to my previous post. I am looking into details for this loan that was modified by Ocwen in Nov 2011. This property is in FL Miami. The loan is in the same GROUP II (like my loan - meaning it might be not with Fannie and Freddi) of cause in the same security, series ACE 2007-HE4, same pool number 4. Below is the history for this loan from report 5/25/11:
1. First mortgage payment 5/1/2007, orig balance $ 205,000. Current balance $203,428.48, int rate 8.625% (again, from report 5/25/11)
2. Stop payments 7/1/2009. Delinquent 20 months (as of report date 5/25/2011)
3. Month entered in foreclosure - May 2011
Ok, this loan was modified in November 2011, per report 11/25/11. Current balance $52,064.77 (!!!) int rate 4.39%. Prior Payment- $1,522.37. Modified Payment-$284.59 (!!!). Per current Series Level Collateral File property Appraisal Value -$65000.
Does it mean there is a HOPE for us?!
I called Ocwen again today. Well, per a research deparment nothing is going to happen. I called then to customer service and was fortunate to talk to a "nice" lady. She told me that I was denied for a goverment modification and she will send me application for a in-house modification. Ok, the best part: SHE TOLD ME THAT MY FORECLOSURE IS ON HOLD TILL JULY. Next schedule date is 7/2/12!
Now I can guess what is going on. On Hawaii we have a mandatory The Mortgage Foreclosure Dispute Resolution (MFDR) program that provides an opportunity for owner-occupants of residential property in non-judicial foreclosure to meet face-to-face with their lenders to modify their loans or to work out a payment plan within three months. It is ONLY UNTIL July 1, 2012! So, most lenders dont file judicial foreclosure (cause it is expensive and wait time is about 2 years to get in front of a judge). Non-judicial foreclosures auctions are prohibited from taking place on Judiciary properties, per section 24 of Act 48. until July 2012. Therefore, Ocwen is also waiting. I have equity. I owe $350K and per Ocwen's appraisal, my property is $415K. So, ocwen is not going to modify, they just will wait to foreclosure later....
Last edited by dakind; 03-23-2012 at 01:15 PM.
whats up dakind.....I'm about to pull the trigger with sending them my packet of proof...and see what they reply....whats new with you?
UPDATE:
I did NOT received a package for a in-house mod. I called yesterday and was told that it is the same package as I had before. I suppose to have a meeting call with my relat. manager on Thursday to discuss my options. I was told that my foreclosure is on hold but this guy would NOT tell me anything about July timeline.
I looked at March reports for my securities. My loan is NOT listed under foreclosure any more for month of march. However, on my March statement there are several fees:
2/29 Title search: $350
3/1 FC Thru Notice of Intention: $750 (!!)
3/1 Sales Tax: $35.34
I am waiting till my meeting with relationship manager.
My guess:
Ocwen and HSBC back decided to hold on foreclosure (meaning: take it off books/reports for investors to look better) and wait till Hawaii law changes in July . The main time, they will play a game ("we are trying different options") to kill time till July ...
Last edited by dakind; 03-27-2012 at 05:50 PM.
any update DAKIND? I just got a denial email from OMBUDSMAN....I'm preparing litigation....I'm almost 2 months into my NOD.....something has to happen.
Same here. I am getting denied by Ocwen without even looking at my docs.
They are waiting till July 2 to start foreclosure because on Hawaii all non-jud. foreclosure stopped till then.
I am entertaining idea of selling my place or re-fnance...
their new reason now is.... only 1 loan modification for the life of the loan... they just keep coming up with 1 reason after the other..
This is inaccurate information, you can definitely receive more than one modification throughout the life of the loan and we have quite a few members who have received a 2nd, and some even a 3rd permanent modification. The only thing is you will generally have to wait twelve months after receiving a permanent agreement before you will be allowed to submit your package for a 2nd mod..
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thanks for that evan.....makes me feel a little better..... is there anything I can show them with this proof? any ideas?
hey dakind...whats up buddy....anything new at your end?
NOthing new.
Ocwen charging me monthly foreclosure fees (over $1000/month!) + late fees and etc. Do you get charge foreclosure fees too? However, they didnt file anything. I guess they can do it as long as they can...
UPDATE:
Talked to Ocwen. No sale date, they will notify me 30 days before it.
I was told that only 1 modification is allowed for life time of the loan. (ticgroup, does it sound familiar?!)
I asked why my loan was reported in foreclosure on investors reports in Feb but not in March. Rep told me that it is at Ocwen discretion and I have to write a research dep.
I was told that my loan reported in foreclosure in April again. I dont understand what games are they playing....
Yes Ocwen is playing games with us. I have been trying to get my 1st loan modified and they keep coming back with "the investor does not allow modifications". Now I get an express mail letter today and as I start reading, it states it's a loan mod with principal reduction. I'm getting really excited until I realize, it's for my 2nd mortgage loan and not my first!! Now my 2nd loan is in the same trust as my 1st so how can they say the investors don't allow modifications when they are offering me one on a 2nd loan!!! This is insane! I hope they actually do something with my 1st now, I have been waiting on an answer to my appeal I faxed on April 3rd!
dakind - foreclosure fees usually get removed for in-house mods and always should be for HAMP mods.
they can charge fees without filing anything.
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When writing the letter, be specific in what you want done on their part. At least that way you can say what you wanted was clear from your letter. We have seen loans that can never be modified and some loans that can be modified up to 5 times. The only way of knowing for sure is to order a copy of the pooling and servicing agreement for your loan. We can usually get this for you at a cost of roughly $400 to $700 depending on how hard it is to get and how much time it takes. email me loansafe@loanmodhelpcenter.com if you want us to get this for you. - michael.
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woogy - let us know if we can help you get the pooling and servicing agreement for your loan. it may help in the appeal or it may actually show you that the "investor does not allow modifications" for sure. at least that way you don't have to rely on ocwen to tell you what they tell you. email if you want it, loansafe@loanmodhelpcenter.com and cost is between $400 to $700 depending on the state you are in.
LoanModHelpCenter.com NO UPFRONT FEE FOR SERVICE
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EMAIL ME FOR A 15 minute FREE INCOME AND PROPERTY ANALYSIS
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INCLUDE YOUR 14 INPUTS FROM THIS THREAD
OR CALL IN WITH THE 14 INPUTS AT 855-678-6690 OR LOCAL 619-202-0044
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hehe, I already done it! It is FREE! I bet you can not pull collater reports for securites. Those monthly reports that show EVERY detail of each loan in particular series. It shows address (State, city, zip), int rate(before/after), every modification, principal right off, servicer, orinator, securites type, etc. On those reports the servicer reports to master servicer and investor (monthly) ALL details of EACH loan in securities series. It is hard to analyze because they comes on text files....
If you read my post prior, it said that I found the latest laon modified within my securites and terms of modification.
Last edited by dakind; 04-24-2012 at 06:33 PM.
From what I see, looks like they only modify underwater loans. I was able to settle my second loan (10%) and that eventially cause my equity increase. Just to refresh, I had my first loan modified for 3 years and $40K principal reduction in 2008. Then, settled with second mortgage (SAME TRUST as for my first mortgage- HSBC trustee) , I paid $9K to settle on about $100K and wiped my loan completely, they released my second mortgage (year 2010).
Therefore, I gained some equity and by the time my modification with first mortgage ended (2011), my property had about 10-20% equity and 7.4% adj int rate. Well, I defaulted in hope to get another modification, but.... it doesnt look like it is going to happen.
My advice to woogy, try to modify first mortgage first and settle on second. At least try to modify first and second at the same time. Check if after principal reduction you end up having equity on your property... Just like me...
I think, from my observation on this forum, a lot of people end up in foreclosure (and cant get out of it, even they slow it down and stay for free, still, it is foreclosure) and lender would not stop it.
From what I see, yes, you can stop foreclosure in the court by trying to make sense of securities and a title transfer... so what?! At the best case scenario you win because they didnt transfer your title property correctly, so you will have a very clouded title and you hope you can stay in your house (you can not sell it for sure due to title issues) and there no garanty that a lender would not appeal with new attorneys (new judge, new court) and paper shows correct (ed) title transfer and they might take your property anyway....
From my research, at this point I didnt see any strong winning foreclosure cases by homeowners that give them back CLEAR ownership. Only hope that during foreclosure fight the lender will give you a modification... but i dont see many of them either. Lenders seem to be very firmed and willing to take losses and vanished houses instead of modifications.
Last edited by dakind; 04-24-2012 at 07:03 PM.
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