Okay - Finally got my official HAMP denial in writing, now for six months we have been told, confirmed and reconfirmed that Wells Fargo is the investor, so here's what they put in writing:
I can confirm that your loan does not have one individual investor, rather a group of investors, known as a Mortgage Backed Security (MBS). A MBS is an investment instrument which represents an undivided, fractional interest in a pool of mortgages. Mortgage loans are purchased from banks, mortgage companies, and other originators. Then, these loans are assembled into pools. Therefore, Wells Fargo Home Mortgage must adhere to the guidelines set forth by the group of investors in this pool.
Please be aware that the Making Home Affordable Program was originally established targeting those homeowner's with loans that are held or guaranteed by investors Fannie Mae (FNMA) and Freddie Mac (FHLMC). Unfortunately, MBS loans are not currently participating in the Making Home Affordable Program. I can confirm that MBS loans do not currently allow a permanent loan modification.
The letter goes on... However, are they saying that not only do they NOT participate in HAMP, they do not provide in-house Mods either??? That's is how I am interpreting the last sentence. Which then goes back to 13 months of being asked to send financials, being told our trial was all signed and ready to be made permanent upon successful payments and documentation. If the WFMBS, does not participate in modifications period, why the run around? So, were they lying for 13 months or lying now? And when does this 'lying' to borrowers become simply against the law.
Which brings me once again, how do I find out what series or pool we are in? I have gone over EVERY report I have access to on the ctslink, and have not seen my loan. I have tried googling my loan number, nothing. I am confident that my loan falls into the the 2006 series (which has about 30 reports) because 99.9% of those loans originated in '06 like mine; and we've never refinanced. But just to be sure, I have also looked at all the '07 and '08 reports - nothing! There are a few reports that have restricted access and we must be somewhere in there. However, if I could just find out the series and pool number, I could at least google the MBS and gain more information. (I noticed other series come up when you google WFMBS....)
Lastly, has anyone with a Wells Fargo MBS received either an in-house or HAMP permanent modification.