Wells Fargo
HAMP Modification Refused for Over a Year Because of Investor

Business & Finance

Got hit by DUI driver and lost my 9-2-5 job as a cop. Wells Fargo for over one year refused a loan modification. After over one year I was offered a crappy loan modification that wasn't HAMP (Obama plan) even after I requested and was eligible for it. I was told "my investor E-Trade did not want to participate in the program." Crazy thing is that I was never told E-Trade owned my home!? @

SOOO. Looks like I might lose the farm... in another words, you're on your own America.

"Wells Fargo has modified 6 percent of eligible loans. Wachovia Corp., which was taken over by Wells Fargo last December, has modified just 2 percent." (MSN News 8-4-09)

"We know we've fallen short of our customer service goals in some cases, " Mike Heid, co-president of Wells Fargo's mortgage unit, said in a statement. He said the company is aiming to streamline its modification process to a single phone call for most eligible borrowers." (MSN News 8-4-09) Believe him?

But don't worry the DUI driver still has his home, car, boat, quads, and horse!


Company: Wells Fargo
Country: USA
State: California
City: San Francisco
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