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Hope Now Servicer Guidelines June 17, 2008
Share Appreciation Mortgage Products & Concepts Built in Equity Mortgages Uncertainty in Rules & Practices
Bush freeze bush freeze interest rates bush freeze resets bush freeze plan freeze interest rates freeze resets 5 years freeze reset plan Mortgage Loan Workouts Loss Mitigation help for lenders help for servicers loss mitigation outsource loan workout outsource
Mortgage Modifications and Securitization of Mortgage Loans - CDOs of ABS
IRS Rev.Proc. 2008-28 | Loan Modifications | REMIC
IRS Rev. Proc. 2007-72 | Loan Modifications | REMIC
American Securitization Forum Loan Modification Dec 6, 2007
ASF Dec 2007
ASF Framework Streamlined Q&A Dec 2007
American Securitization Forum Loan Modification Statement June 2007
S&Ps New Guidelines - Modifications
Moodys Study - Only 1% ModificationsThur Far!
Joint Economic Committee Report Oct. 2007 Senator Charles E. Schumer, Chairman
Mortgage Loan Workouts Lender Loan Workout Outsource Bank Loss Risk Mitigation Services Foreclosure Help for Borrowers & Homeowners
CRITICAL SOLUTIONS TO DEFAULT & FORECLOSURE! HELPING BANKS HELP PEOPLE! Free Help for Homeowners Help For Homeowners Help Homeowners
H. R. 3915 New Bills or Laws - Congress
H.R. 3915 The Mortgage Reform and Anti-Predatory Lending Act of 2007
Forgiveness of Forgiveness of Mortgage Debt _ HR 3648, HR 1876, S 1394
Shadow Banking System Price must be Paid for Risk, But it must be Affordable, And it Doesn’t have to be In Monthly Cash! The Banking System Must Have Certainty with Private and/or Public Guarantees, Insurance & Liquidity!
Article - Whos Zooming Who? Solutions to the Hollow Promises of Wall Streets Shadow Banking System! Part 1
2007 Focus: Helping Homeowners Keep Their Homes, and Lenders Keep Their Loans! www.helphomeowners.org
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HotNeutral
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Attorney Specialized Fast Loan Workouts & Infused Lender Risk & Loss Mitigation Avoid Delays, Foreclosures & REOs! Critical Solutions for all Market Participants! HotNeutral.Com | NeutralHotTransfers | BankRiskMitigation | Help4ThePeople Information line 800-770-0797 extension 702
 Helping Homeowners Keep Their Homes, and Lenders Keep Their Loans! Public Education Outreach Booklet
Borrowers don’t want to talk to their lender, servicer or the bank’s foreclosure attorney! The bank’s foreclosure attorney clearly has a potential conflict of interest that the borrower (and the lender) should want to avoid. HotNeutral obtains a waiver from all sides and negotiates the optimum deal without setting the borrower up for another fall, while infusing risk mitigation devices or techniques into the solution, to mitigate continuing liability! If a lender or servicer continues to do loan workouts without certain disclosures, waivers, and contractual solutions, liability will stay near your doorstep.
HotNeutral is a Neutral Hot-Transfer Loan Workout & Loss Mitigation Division for specialized fast loan-workouts, loss mitigation and layered infused bank risk mitigation. It is a solution to defaults and foreclosures for all market participants, including the borrower. Bulk scripts and loss mitigation lenders and servicers can assign files directly for prompt turnaround under pre-approved prescribed criteria and third party analytics. Don’t rush to foreclosure and waste months upon months with multiple BPO rebuttals and other departmental delays. For More Information email:Direct Contact: (949) 798-6206 | (949) 678-2218
Effective Lender Risk Mitigation & Homeowner Loan Workouts Must Also Include 4 Things:
THE 1st THREE ITEMS WILL HELP SOLVE THE RECENT DEFAULTS & FORECLOSURES THROUGH “LOAN WORKOUTS”; THE 4TH ITEM BELOW WILL HELP LEAD US TO A SOLUTION FOR THE FUTURE!
1. Public Education and Outreach | Help4ThePeople.Com: The 13 Homeowner Solutions to Avoiding Default & Foreclosure Booklet (available on www.help4thepeople.com) is a public education and outreach service for borrowers and should be used by all market participants. If the industry does not make an unprecedented public educational campaign to change the negative public perception of the possibilities of solving a default or foreclosure, the problem and its inherent risks will continue to grow.
Homeowners Public Education Information Line: 800-770-0797 ext701
2. TID - Truly Intelligent Disclosures - TID was created by Attorney Rydstrom and published by the 110th Congress on the problems and solutions facing the middle class, homeownership and retirement. “We don’t need more disclosures for disclosure sake. We don’t need new restrictive laws. We need less of both. However, we do need truly intelligent disclosures. Accepting TID is a defining moment in the industry. TID is a suitability disclosure with a waiver (plus). It protects the banks as well as the borrowers (and investors). Click for more on TID.
3. SHILO - Safe Harbor Intelligent Loan Options - SHILO was created by Attorney Rydstrom and published by the 110th Congress on the problems and solutions facing the middle class, homeownership and retirement. “We don’t need more laws when we can use SHILO - which will reduce defaults and foreclosures “contractually”! SHILO is “contractual safe harbor” loan option provisions placed in the loan origination, refinance and loan workout documents upfront. This will protect the lender and industry as well as the borrower. Click for more on SHILO.
THE 1st THREE ITEMS WILL SOLVE THE RECENT DEFAULTS & FORECLOSURES, THE 4TH ITEM WILL LEAD US TO A SOLUTION FOR THE FUTURE!
4. FMII - Foreclosure Mortgage Insurance Investment Funds -
Long-Term Solution: To Avoid Repeat of Mortgage Meltdown:
FMII - Foreclosure Mortgage Insurance Investment Funds - FMII (DMII, BMII, etc.) was created by Attorney Rydstrom and published by the 110th Congress on the problems and solutions facing the middle class, homeownership and retirement. “Risk must be paid for, or the price risk formula will be corrupt. There should be no free lunches, but that doesn’t have to mean the price for extra risk can’t be paid by an insured investment fund trading that risk-benefit on Wall Street, potentially building billions if not trillions in national equity. This is how we can reduce “market uncertainty” and “avoid market and loss extremes” while at the same time save millions of homeowners from being thrown out on the streets. Yes, it is simply silly to expect one who can’t afford something to pay extra with “monthly cash” that they don’t have. My experiences working on Wall Street taught me that “price” can be paid with non-cash items, or “cash-equivalents” and “non-cash” risk mitigation devices or insured investment traded funds. Hedge funds and private equity are uniquely poised to “help” us solve this problem, if we call on them.” Click for more on FMI, DMI, BMI, etc.
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Mortgage Meltdown Wall Street Investment Bank Securitization Loan Pools loansecuritizations.com
Mortgage Meltdown Securitization Trust Assignee Liability Buy Back Repurchase Mortgage Demands Litigation Settlement Workouts assigneeliability.org assigneeliability.net loanassigneeliability.com buybacklitigation.com
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helphomeowners.org help4thepeople.com homeownerskeephomeslenderskeeploans.org keephomeskeeploans.org
HUD Type Loan Workouts Public Outreach Community Borrower Homeowner Booklet - Loan Workouts – Loss Mitigation helpforthepeople.com helpforthepeople.org help4thepeople.org helphomeowners.net
Mortgage Disclosures – TILA – Suitability Duty – TID trulyintelligentdisclosures.com tiddisclosure.com tidwaiver.com tidconsent.com suitabilityconsent.com suitabilitywaiver.com suitabilitydisclosure.com
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Mortgage Foreclosure Short Sale Uncertainty – Refinance Deficiency Liability Judgments refideficiencyjudgment.com
Mortgage Meltdown Shadow Banking System Solutions – Market Devaluation, Homes Prices, Congressional Solutions, SIVs Rescue Funds, FMII shadowbanking.com shadowbankingsystem.com shadowbankingsystem.org shadowbankingsystem.net shadowbanking.net marketdevaluation.org marketdevaluation.com marketdevaluation.net marketuncertainty.com freebutresponsibleopenmarkets.org fbrom.org ccoom.org congressionalopenmarketcommittee.org congressionalconferenceonopenmarkets.org equitybuildingrescuefunds.org equitybuildingbailoutfunds.org
Mortgage Short Sales Loan Workouts shortsaleuncertainty.com
Mortgage Laws Congress fbrom.org ccoom.org
Mortgage Laws States fbrom.org ccoom.org
Mortgage Market Protections Mortgage Loan Appraisers help4theappraiser.com
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Mortgage Meltdown Consultants Attorneys - Hot Neutral - Loan Workouts - Foreclosure Consultants procouncil.com www.procouncil.com hotneutral.com neutralhottransfer.com confidentialstrategy.com subprimelegalgroup.com 877win4you.com migsc.com smicg.com subprimelawgroup.com sscmig.com scmig.com
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