16 CFR Parts 317 and 318: Mortgage Assistance Relief Services Rulemaking
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FROM THE NIGHTMARE WE ARE STILL LIVING I WOULD
THANK THE COMMISSION FOR THIS OPPORTUNITY TO
ENLIGHTEN THEM ON ALL THE RULES WE FEEL WERE
BROKEN.
WE TRIED TO WORK WITH NACA, NCRC, SAVE-THE-DREAM, DAYTON HOUSING AUTHORITY AND LAST HOPE
FOR TWO YEARS WE TRIED TO SAVE OUR HOME FROM
FORECLOSURE (CITIFINANCIAL-SPS-TRUMANN-JP MORGAN CHASE) ONE ENTITY PER THEIR LAWYER REP.
NOT ONE AGENCY HAD CLOUT ENOUGH TO TAKE ON A
SIMPLE REQUEST FOR LOAN MODIFICATION. SO START
THERE. IF OBAMA AND THE SENATE TAKE BRIBES FROM THE VERY BANKS PUTTING WE THE PEOPLE OUT ON THE STREETS THEN WE THE PEOPLE NEED AN
AGENCY TO TAKE THAT CRIMINAL ACTIVITY OUT OF THEIR LEGISLATIVE HANDS. MAKE YOUR RULES SIMPLE LIKE THE ORIGINAL CONSTITUTION.
1. FLAT FEE FOR LOAN MODIFICATION/REFINANCING SHALL NOT EXCEED 6% OF LOAN VALUE WHICH IS
TAX DEDUCTIBLE BY THE OWNER OF HOME.
2. HOME IS SINGLE DWELLING WHERE OWNER AND
HIS/HER FAMILY LIVES, PAYS TAXES ON, SLEEPS 365 NIGHTS A YEAR. HOME IS WHERE IRS COMES LOOKING FOR TAXPAYER WHEN THEY HAVE A QUESTION.
3. THE MORE ILLEGAL SHENANIGANS PULLED IN
FIRST MORTGAGE THE BIGGER THE PENALTY FORFEITED BY THE FINANCIER'S EQUITY IN HOME
AT TIME OF NEED TO MODIFY/REFINANCE.
4. HOMEOWNER MUST PROVE BY DOCUMENTS KEPT
THEY HAVE TRIED TO ADJUST THE MORTGAGE HOLDERS ATTITUDE INTO SEEING THAT AN UNFORSEEN
OCCURANCE HAS BEFALLEN THEM.
5. REASONABLE RATED MORTGAGE INSURANCE MUST
BE BOUGHT IF REFINANCING/MODIFYING LOAN AND IT'S
TOTAL COST ONE AMOUNT BE INCLUDED IN REFI/MOD
TOTAL NOT TO EXCEED 6% OF HOME VALUE AT TIME
OF REFI/MOD.
6. REFINANCE/MODIFICATION AMOUNT CANNOT EXCEED TRUE VALUE OF HOME. NO PENALTY OF LATE
FEES, INTEREST SHALL ACCUMULATE AFTER HOMEOWNER CONTACTS IN WRITING THE LOAN FINANCIER OR SERVICE COMPANY THERE IS A PROBLEM AND A NEED NOW TO REFI/MODIFY. COPY OF WHICH MUST BE RECEIVED BY NEUTRAL PARTY THE
FEDERAL TRADE COMMISSION AND SENT BY RETURN
RECEIPT BY USPS.
7. ANY SECOND MORTGAGE, HOME IMPROVEMENT LOAN ETC CANNOT GO INTO EFFECT NOR CAN THE HOME BE USED AS COLLATERAL UNTIL FULL AMOUNT OF PRIMARY LOAN IS PAID.
8. FINANCIERS ARE NAMED TO HOMEOWNER AT TIME OF CLOSING AND CANNOT CHANGE DURING THE LIFE OF THE LOAN AS THE HOMEOWNER CANNOT CHANGE.
SINCE THEY KNOW HOW TO CONTACT THE HOMEOWNER SO SHALL THE HOMEOWNER KNOW WHO AND HOW TO CONTACT THE MORTGAGE NOTE
HOLDER.
9 THE ENTITY THAT IS MODIFYING/REFINANCING MUST
PRODUCE THE ORIGINAL CONTRACT IN ITS ENTIRITY WHETHER THAT BE ONE PAGE DOCUMENT OR ONE HUNDRED. THE ENTITY MUST KEEP DOCUMENTS UNTIL
LOAN IS PAID IN FULL. THE ORIGINAL WILL BE PROVIDED WHEN ASKED FOR AND FEE OF 10$ PAID. OTHERWISE THE ONLY LEGAL COPY WILL BE GIVEN THE HOMEOWNER AND NEUTRAL PARTY THE FEDERAL
TRADE COMMISSION.
10. IF BANKRUPTCY JUDGES CANNOT BE TRUSTED TO
SEE A MORTGAGE IS FAIR IN VALUE,INTEREST, AND LEGAL; THERE MUST BE AN AGENCY NOT ALLOWED TO BE LOBBIED, POLITICAL PARTY STRONGARMED, NOR COERCED BY ANY OTHER AGENCY INTO CHANGING ITS LAWS OR FEES WITHOUT WE THE PEOPLE VOTING ON THEM.
FINALLY AS A COMMENT I WOULD LIKE TO REMIND OUR
GOVERNMENT THAT WE ARE NO LONGER SWAYED BY WORD OR SMILE BUT BY ACTION. IF THE GOVERNMENT THINKS THEY CAN RUN EFFICENTLY WITHOUT THE TAXPAYERS SUPPORTING THEM OR THE
TAXPAYERS POCKETBOOK ISN'T NEEDED TO FUND THEIR PROJECTS THEIR SALARIES OR DEFICITS THEN
EVENTUALLY THE GOVERNMENT WILL TOO LATE REALIZE THEY WERE THE CAUSE OF AMERICA'S FAILURE IN THE WORLD.
I THOUGHT WE HAD THE RIGHT TO LIBERTY? I THINK
HOME, CLOTHES, FOOD SHOULD BE A LIBERTY EXPECTED BY ANY CITIZEN THAT IS TRYING TO WORK,
PAY TAXES, AND SURVIVE. ESPECIALLY A CITIZEN OF
THE UNITED STATES OF AMERICA! CAN'T WORK IF I
DONT HAVE AN ADDRESS, SS#, ABILITY TO COME IN
TO WORK WITH CLOTHES ON, FOOD IN MY BELLY. I
CHARGE THAT ANY NECESSITY WHETHER IT BE ELECTRIC, PHONE, FOOD, CLOTHES, HOME SHOULD NOT BE OVERPRICED. THE SHAREHOLDER OF ANY
"NECESSITY" LABLED STOCK CAN NEVER HOPE TO
EXCEED A PROFIT BUT OF THE 5% SET INTEREST RATE MONTHLY.