NPR planet money on Wells Fargo and Loan stabilzation program
May 18, 2009 in General Family
Planet money has a interesting blog/podcast up talking about the issues we have been having trying to get our terms changed.
http://www.npr.org/blogs/money/2009/05/hear_your_future_mortgage.html#commentBlock
Two scary bits.
One: NPR couldn’t get a reasonable or even intelligent response from Wells Fargo. They did get specialist bank that has been doing a lot of modifications to talk tto them. But nothing to enlightening.
Two: Most banks like Wells Fargo seem to be in such a state of dysfunction that they are foreclosure because they can’t get together to not to, even though it is costing them more money to do that then a modification.
Crazy how they are just able to grind on posting huge profits and ignoring their clients trying to hold them to their responsibilities for taking Tarp money.