Posted by ME/NJ on 10/7/08 7:38pm
Msg #266603

Glad the bailout money is working

http://blogs.usatoday.com/ondeadline/2008/10/aig-execs-went.html

Maybe the Fed can pay for my next vacation.

Reply by Lee/AR on 10/7/08 8:05pm
Msg #266604

More on same subject...

http://www.nytimes.com/2008/10/08/business/economy/08insure.html?_r=1&adxnnl=1&oref=slogin&partner=rssnyt&emc=rss&adxnnlx=1223428155-6v16eW7ZY2qVwPcVzCs0Pg

Reply by Joan Bergstrom on 10/8/08 12:20am
Msg #266607

Re: More on same subject...

What does this bailout do for Notary public/ loan signers? I am doing 3 signings tomorrow, but, the last 10 days calls have been very few.

I received a total of 6 calls for the last 10 days and I have averaged approx 3 (for loan signings) calls per day for the last year. I got a bunch more calls before Sept 2007 ( as many people did.) DuH!

Bank Of America has settled a Countrywide lawsuit with our CA Sec of State Jerry Brown which might help approx 125,000+ homeowners with loan modifications.

Is this a good beginning or is this something that looks good as a press release?

If the Fed lowers the interest will this help homeowners refinance or purchase a new home?

In my area, the Inland Empire, it will be a foreclosure that someone purchases.

Reply by Stamper_WI on 10/8/08 12:29am
Msg #266608

Re: More on same subject...

I did a countrywide modification today. Required her signiture 3 times me twice. She had read it thru before I got there so it was under 10 minutes. Took me 45 minutes to get there though.

Reply by Lucie_CA on 10/8/08 11:23am
Msg #266621

Re: More on same subject...

The news mentioned that the Countrywide settlement for loan modifications will start in Dec. Do you think we'll see any of those or will they be in-house since the news mentioned the modifications would be without any fees to BO? Also, what is the going rate for modifications?