cw and naca-naca mod - Loan Modification Forum

3kidshelp · 02-03-2009, 08:46 AM

Hi, we have a country wide loan, with wells fargo as the investor..we have been trying since may to get help with countrywide.we were first tod we were not behind ,we had to be behind..we have tried 2 loan mods been denied for both,all they will tell us is investor denied ...did not meat guidelines.they said we were elgible for the dec. 1 program , they came back last week said we were denied for that ...we are now 8 payments behind.they started a new mod process for us today..said it would take 60 days or better, so here we go again..i have 3 payments that i can send..should i send these payments in or hold them....has anyone had any luck with wells fargo and country wide? need help....

Dan Bailey · 02-03-2009, 02:58 PM

3kidshelp,
Glad you found the forum and posted.

As to making the payments: Call CW and see if they will accept any payments. Sometimes, they will not accept partial payments (ie: 3 out of 8 owed)

You may want to contact NACA, if this is your only property and you live in it. https://www.naca.com/refinance/refinanceSubmission.jsp
They are a non-profit to help homeowners.. Some have found them helpful when CW is being a problem. The process takes time, as you know.
Hang in there and good luck!

3kidshelp · 04-21-2009, 08:16 AM

I have been reading for along time alot of good info.we started process with naca on 3/15/09--naca submitted restructure papers on 3/20/09. country wide says they still have nothing from them, called the advocacy dept today again still nothing,can not get the naca # to go thru today,any one have any idea on how long it should take for countrywide to recievee or any ideas on how to maybe speed things up?

oldguyhd · 04-22-2009, 06:09 AM

NACA submitted mine and told me to call them back to check on it in 30 to 45 days. I would consider that to be quick, I never here from countrywide! I'm only 8 days into my wait. But with NACA on the first mortgage and me on the second something should happen. I'm supposed to hear from the second by this Friday. Countrywide receives the offer/plan instantly over the electronic docs transfer, according to NACA website. They may not admit it though, remember who you are dealing with.

kgusta · 04-22-2009, 06:15 AM

I have country wide and Wells fargo as an invester. I went through NACA and recieved a mod with a 4.5% fixed for the life of the loan. It took about three months but i have paper work and will be mailing them back today or tomorrow.

FLgata · 04-22-2009, 08:31 AM

Good Morning 3Kids,

From what I was told by the NACA, CW didn't even review my proposal until three weeks after it was actually submitted to them.

3kidshelp · 04-23-2009, 06:33 AM

Thanks for the info , it really helps with this waiting game. We have tried several times thru countrywide to do the mod, no luck .glad to hear someone with wells fargo as invester did have a good outcome with naca, hope it is the same here.I am ready for the stress and worry to be over,good luck to all.

oldguyhd · 04-23-2009, 07:57 AM

Lowering the stress and worry is a huge help. I use to live for that at work! I worked best when the pressure was on and hard. I'm 51 and been retired for 14 years, I DO NOT miss the stress and pressure anymore. When there are other people helping with all this and the support here, it almost gets easy. We all have to keep hanging in there and fighting.
congrats kgusta!

denised · 04-23-2009, 08:07 AM

51 and retired for 14 years? How do I get on that plan?

eastbay176 · 04-23-2009, 01:46 PM

Wow 3kidshelp, I'm in the same boat as you. 1st loan through CW, investor is with WellsFargo. I was denied a loan mod from CW twice, and also heard that Wells Fargo as an investor is hard to deal with. My re-structure proposal from NACA was submitted on 4/7.

Just waiting out the 30-45 days...
Good hear that someone has had success with Wells.

oldguyhd · 04-23-2009, 06:55 PM

denised, here's how. Let a 24 year old kid in an 8,000 lb power company bucket truck think he can beat you through the intersection. He did not make it and neither did my chopped custom 66 HD FL. Not the way to retire if you can avoid it..

denised · 04-24-2009, 12:21 PM

oh shoot! I was afraid of a response like that. Sorry to hear it!

denised · 04-24-2009, 12:23 PM

Quote:

Originally Posted by eastbay176

Wow 3kidshelp, I'm in the same boat as you. 1st loan through CW, investor is with WellsFargo. I was denied a loan mod from CW twice, and also heard that Wells Fargo as an investor is hard to deal with. My re-structure proposal from NACA was submitted on 4/7.

Just waiting out the 30-45 days...
Good hear that someone has had success with Wells.

I was told I have wells fargo as an investor.
I have been working with NACA and told by email in March that I was approved... just waiting for the proof (documents to arrive)

cobra · 04-24-2009, 12:34 PM

It is a waiting game for sure. NACA submitted my loan mod plan to CW on April 9th. I called CW yesterday and was told they do not even show me working thru NACA. The advocacy Dept. told me if you work thru NACA they can not talk to you about your loan mod so go ask NACA.
I pushed a little bit and was trying to find out if CW would tell me they had received it. They said they have a 3 week backlog of file information.
So I called NACA back today and the lady said she was sending a email to the NACA contacts within the Advocacy Dept. at CW.
It really is a waiting game, but you still have to try and cover all your bases.

Cobra

NeedHelpwCW · 04-24-2009, 05:18 PM

I called Countrywide today and asked about the implementation of the Making Home Affordable - Modification program. The representative flat out said that my investor will not participate in this program. Then I told her that her statement is not true because Wells Fargo (my investor) is participating and they issued a statement on their website stating it. She then said that she did not know this and have to look into that herself.

As for as Countrywide implementing the Making Home Affordable - Modification program, it's not available yet. No update per the representative as to when it's up and running.

3kidshelp · 04-27-2009, 06:47 AM

Glad to see that others with wells fargo are given a chance to keep there homes . Hope that we all hear good news soon.It is awaiting game and I guess we all just have to be patient easier said than done I know.Good Luck to all.

3kidshelp · 05-07-2009, 07:37 AM

naca submitted our restructure 3-20,been calling countrywide said they have not recieved anything,been calling the advocacy # called today cw rep said she could not tell mew anything that this was the line for the third party to call in on that that the account shows nothing to her, regarding wether they have recieved docs or anythhing would not tell me anything said i had to call back with naca on th line to find out anything, online countrywide account only states in active processing,call abck june8,for more info if has not changed.

Rumor · 05-07-2009, 07:43 AM

It all depends on who you end up speaking to at CW, I spoke to someone yesterday and she told me that there were emails going back and forth between CW and Naca but that was about it. I would call back and see if anyone else will give you any info.

02-03-2009, 08:46 AM	#1 (permalink)
3kidshelp Member Join Date: Nov 2008 Posts: 11	cw and naca-naca mod Hi, we have a country wide loan, with wells fargo as the investor..we have been trying since may to get help with countrywide.we were first tod we were not behind ,we had to be behind..we have tried 2 loan mods been denied for both,all they will tell us is investor denied ...did not meat guidelines.they said we were elgible for the dec. 1 program , they came back last week said we were denied for that ...we are now 8 payments behind.they started a new mod process for us today..said it would take 60 days or better, so here we go again..i have 3 payments that i can send..should i send these payments in or hold them....has anyone had any luck with wells fargo and country wide? need help....

02-03-2009, 02:58 PM	#2 (permalink)
Dan Bailey Loan Safe Moderator & Homeowner Guide Join Date: May 2008 Location: Wilmington NC Posts: 1,407	Re: country wide ,wells fargo as investor 3kidshelp, Glad you found the forum and posted. As to making the payments: Call CW and see if they will accept any payments. Sometimes, they will not accept partial payments (ie: 3 out of 8 owed) You may want to contact NACA, if this is your only property and you live in it. https://www.naca.com/refinance/refinanceSubmission.jsp They are a non-profit to help homeowners.. Some have found them helpful when CW is being a problem. The process takes time, as you know. Hang in there and good luck! __________________ Loansafe saved my home!! I may be alot of things, but I do know the difference between reply and forward.

04-21-2009, 08:16 AM	#3 (permalink)
3kidshelp Member Join Date: Nov 2008 Posts: 11	naca submitted papers 3/20/09 country says not recieved I have been reading for along time alot of good info.we started process with naca on 3/15/09--naca submitted restructure papers on 3/20/09. country wide says they still have nothing from them, called the advocacy dept today again still nothing,can not get the naca # to go thru today,any one have any idea on how long it should take for countrywide to recievee or any ideas on how to maybe speed things up?

04-22-2009, 06:09 AM	#4 (permalink)
oldguyhd Member Join Date: Mar 2009 Location: Central Indiana Posts: 28	Re: country wide ,wells fargo as investor NACA submitted mine and told me to call them back to check on it in 30 to 45 days. I would consider that to be quick, I never here from countrywide! I'm only 8 days into my wait. But with NACA on the first mortgage and me on the second something should happen. I'm supposed to hear from the second by this Friday. Countrywide receives the offer/plan instantly over the electronic docs transfer, according to NACA website. They may not admit it though, remember who you are dealing with.

04-22-2009, 06:15 AM	#5 (permalink)
kgusta Senior Member Join Date: Feb 2008 Posts: 39	Re: country wide ,wells fargo as investor I have country wide and Wells fargo as an invester. I went through NACA and recieved a mod with a 4.5% fixed for the life of the loan. It took about three months but i have paper work and will be mailing them back today or tomorrow.

04-22-2009, 08:31 AM	#6 (permalink)
FLgata Senior Member Join Date: Oct 2008 Location: Bonita Springs, Florida Posts: 321	Re: country wide ,wells fargo as investor Good Morning 3Kids, From what I was told by the NACA, CW didn't even review my proposal until three weeks after it was actually submitted to them.

04-23-2009, 06:33 AM	#7 (permalink)
3kidshelp Member Join Date: Nov 2008 Posts: 11	Re: country wide ,wells fargo as investor Thanks for the info , it really helps with this waiting game. We have tried several times thru countrywide to do the mod, no luck .glad to hear someone with wells fargo as invester did have a good outcome with naca, hope it is the same here.I am ready for the stress and worry to be over,good luck to all.

04-23-2009, 07:57 AM	#8 (permalink)
oldguyhd Member Join Date: Mar 2009 Location: Central Indiana Posts: 28	Re: country wide ,wells fargo as investor Lowering the stress and worry is a huge help. I use to live for that at work! I worked best when the pressure was on and hard. I'm 51 and been retired for 14 years, I DO NOT miss the stress and pressure anymore. When there are other people helping with all this and the support here, it almost gets easy. We all have to keep hanging in there and fighting. congrats kgusta!

04-23-2009, 08:07 AM	#9 (permalink)
denised Senior Member Join Date: Jan 2009 Location: Santa Cruz County, California Posts: 387	Re: country wide ,wells fargo as investor 51 and retired for 14 years? How do I get on that plan?

04-23-2009, 01:46 PM	#10 (permalink)
eastbay176 Member Join Date: Mar 2009 Posts: 28	Re: country wide ,wells fargo as investor Wow 3kidshelp, I'm in the same boat as you. 1st loan through CW, investor is with WellsFargo. I was denied a loan mod from CW twice, and also heard that Wells Fargo as an investor is hard to deal with. My re-structure proposal from NACA was submitted on 4/7. Just waiting out the 30-45 days... Good hear that someone has had success with Wells.

04-23-2009, 06:55 PM	#11 (permalink)
oldguyhd Member Join Date: Mar 2009 Location: Central Indiana Posts: 28	Re: country wide ,wells fargo as investor denised, here's how. Let a 24 year old kid in an 8,000 lb power company bucket truck think he can beat you through the intersection. He did not make it and neither did my chopped custom 66 HD FL. Not the way to retire if you can avoid it..

04-24-2009, 12:21 PM	#12 (permalink)
denised Senior Member Join Date: Jan 2009 Location: Santa Cruz County, California Posts: 387	Re: country wide ,wells fargo as investor oh shoot! I was afraid of a response like that. Sorry to hear it!

04-24-2009, 12:34 PM	#14 (permalink)
cobra Senior Member Join Date: Jan 2009 Posts: 264	Re: country wide ,wells fargo as investor It is a waiting game for sure. NACA submitted my loan mod plan to CW on April 9th. I called CW yesterday and was told they do not even show me working thru NACA. The advocacy Dept. told me if you work thru NACA they can not talk to you about your loan mod so go ask NACA. I pushed a little bit and was trying to find out if CW would tell me they had received it. They said they have a 3 week backlog of file information. So I called NACA back today and the lady said she was sending a email to the NACA contacts within the Advocacy Dept. at CW. It really is a waiting game, but you still have to try and cover all your bases. Cobra

04-24-2009, 05:18 PM	#15 (permalink)
NeedHelpwCW Senior Member Join Date: Dec 2008 Location: California Posts: 173	Re: country wide ,wells fargo as investor I called Countrywide today and asked about the implementation of the Making Home Affordable - Modification program. The representative flat out said that my investor will not participate in this program. Then I told her that her statement is not true because Wells Fargo (my investor) is participating and they issued a statement on their website stating it. She then said that she did not know this and have to look into that herself. As for as Countrywide implementing the Making Home Affordable - Modification program, it's not available yet. No update per the representative as to when it's up and running.

04-27-2009, 06:47 AM	#16 (permalink)
3kidshelp Member Join Date: Nov 2008 Posts: 11	Re: country wide ,wells fargo as investor Glad to see that others with wells fargo are given a chance to keep there homes . Hope that we all hear good news soon.It is awaiting game and I guess we all just have to be patient easier said than done I know.Good Luck to all.

05-07-2009, 07:37 AM	#17 (permalink)
3kidshelp Member Join Date: Nov 2008 Posts: 11	cw and naca-naca mod naca submitted our restructure 3-20,been calling countrywide said they have not recieved anything,been calling the advocacy # called today cw rep said she could not tell mew anything that this was the line for the third party to call in on that that the account shows nothing to her, regarding wether they have recieved docs or anythhing would not tell me anything said i had to call back with naca on th line to find out anything, online countrywide account only states in active processing,call abck june8,for more info if has not changed.

05-07-2009, 07:43 AM	#18 (permalink)
Rumor Senior Member Join Date: Feb 2009 Posts: 442	Re: cw and naca-naca mod It all depends on who you end up speaking to at CW, I spoke to someone yesterday and she told me that there were emails going back and forth between CW and Naca but that was about it. I would call back and see if anyone else will give you any info.

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