…commenting in the rulemaking process and our project. « less

…families from destruction. It is sad, that something as complex as this situation is being handled in such a fragmented way with little progress in 4 years. The most important advise I can ever give you for all your questions is the need to start with a flow chart of all the problems and possible solutions. The fact that this has never been done is appalling! Please have a department at your school take this project on even if nobody asks except for me. I can fill up your chart. You have to really know what the problems are in there entirety before the correct solution can even be found. Any thing else is just putting the cart before the horse. Process of elimination after viewing the entire problem will always lead to the best solution. There needs to be a second chart from the flow chart that shows which government agency is responsible for implementing the solutions. Next, these government agencies need to meet monthly by video conference and present their progress and their goals for the following month. (You know the accountability thing.) We don’t have a good system for investigating the banks is the main problem. This is what lead to your limited questions in the first place and the reason we are emailing each other. An employee insider that has experienced one of these bank investigations left an interesting blog on your site that explains their process first hand. Why is it too much to ask for the leading Democrat and the leading Republican Congressman, Cornell rep., OCC rep., CFPB rep. Fareed Zakaria (for his analytical skills) and about 10 others to meet with this flow chart monthly and solve all the problems by video conference and hold our problem solvers feet to the fire by assigning expected results? I have not even begun to tell you everything that happened to me. Your questions are too narrow to address most of the issues my case exposes that need addressing. « less

…our loan). Meanwhile, we put the majority of our house payment money in a savings account.

Citi via NACA refused to negotiate with us on our 2nd. Now Carrington is telling us that we qualify for a FHA 30 year fixed rate mortgage @ 6.50% and that they will pay off the 2nd (Citi now is willing to take only $7,000 for a $95,000 @ 7.75%).

We are both still employed, but we are facing some possible lay offs due to Sequestration in Jan 2013 and will have a large increase in our Health Insurance, beginning Oct. 1st, via the employer, along with furlough days. More furlough days may be on the way after the November 2012 elections (up to 15).

We are working with NACA to see if we qualify for the HAMP, but they do not think we will qualify based upon our income, right now. We physically have recovered, for the most part, from our injuries and have some current pending litigation which will take years to settle.

Carrington and First Alliance Bank are very, very interested in us pursuing the refinance option as opposed waiting for the results of the HAMP determination (had to resubmit all paperwork via NACA for Carrington).

I am not in such a hurry to follow through with the refinancing until I hear about the decision regarding the HAMP.

Could there be other options for us? We now have credit scores of 630 and 650 instead of 730 and 720 (prior to stop making 1st mortgage payments). A 6.50 interest rate sounds very high and we are current with all of our creditors.

Can we put off filling out the paperwork for the refinancing until we receive a decision on the HAMP?

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…listed above, why not put all consumer mortgage issues up there and put this recovery on the fast track? Then on the front of AOL and Huffington Post, put a link to where the CFPB is asking for your voice to be heard, with additional Mortgage solutions and a link to your site. Go on CNN and provide your link and tell about the program and read some of the good ideas you are already receiving. Unless this has only been set up for a few days there are not very many comments and lack of exposure will lead to minimum results, instead of maximum results. Blog it and put up articles all over the web. Again your success will be based on using all cutting edge computer technology. Cutting edge computer technology is the answer to most of the problems. Also, banks say “This call may be recorded for quality ….” Why not require the bank to change this to “Both parties are allowed to record this call for quality assurance” this will change a lot of the banks bad behavior with a couple of words on a recording. Simple solution to a huge problem. « less