Weaseldog's Lair: Mortgage Imploder

Monday, March 12, 2007

This site was linked on CFN. i thought I'd repost it here, so I can remember it.

The Mortgage Lender Implode-O-Meter

At 6:25 PM, FlyingMonkeyWarrior said...: Yea, I saw it featured on CNBC, when there were 32 in demise last week.

I have said it before and I 'll say it again, "Just like Casey Serin and the Fed Banks."
At 8:29 PM, Anonymous said...: Can someone answer a terribly naive question for me? I have a 30-yr fixed rate mortgage that was sold to Countrywide. Aside from lousy customer service, do I have anything to worry about?
At 12:54 AM, Weaseldog said...: You might some problems with loan servicing. Your payments may get counted late or very late. It may effect your credit.

I'm having problems with Wells Fargo. They aren't correctly crediting my loan since they bought it. They've also counted payments late, when they cashed the checks on time.

I'll be calling them tomorrow and possibly referring this to my attorney.