Pwoolfolk, HA! Their modification attempt was a scam! While the payment was slightly lower, they increased the principle amount by $60,000. on a home that was already underwater over $150,000.00. We counter offered and they refused to accept our counter offer, thus negating the fact that "homeowners have the right to negotiate".
This is all a giant scam by a cartel and it is scary that our own government is allowing it. But, I still have hope that it will be exposed. I just hope it is in time.
There is an article about PennyMac where they state that business is "off the charts good", nice to know that they are making a killing stealing from us, isn't it?
The only ones they are answerable to is the Department of Corporations and the Attorney General, I have made several complaints and they are actually investigating...for what it's worth. I am sure a few more complaints will encourage further investigation.
The truth is out there, if we give up, we let the bad guys win!
"The only thing it takes for evil to prosper is for good people to do nothing".
So let's fight back together....Benjamin Franklin said the pen is mightier than the sword (that was before computers) Let's start writing until they listen!