For All You Non-believers

[Bearslide]

This little gem just received because I didn't make her number. What was that, Vernon, about no such thing as blacklists unless you deserve it? I have the other email also where she screams because I didn't hit her value. And this was an FHA loan. Yup - the same greed that brought down the major lenders is now at work in FHA.

Good Morning Everyone
Please remove XXXXXXXXX from our list of Appraisers, because she doesn’t provide good customer service.
Thank You.

xxxxxxxxxxxxx
Mortgage Banker
XXXXXXXX zzz, Suite zzz
XXXXXX NJ 08xxx
[e-mail removed.[/EMAIL]
Phone: XXXXXXXXXXXXXXX
Fax: xxxxxxxxxxxxx
Cell xxxxxxxxxxxxxxx

Government Approved Lender

 

[Caterina Platt]

Ok. So you have it in writing. This is good.

First question, who is 'everyone'? Can a reply from you to 'everyone' be made? That is, if this client relationship matters, otherwise, proceed to step two.

Second, can you put all of it together and send it to your HOC? They do have folks that care, believe me. I'd start with a call and explain the situation, and then get a contact person who's interested in the situation and forward all the evidence.

 

[carlos alvarez]

:new_2gunsfiring_v1:Report them no question!!!!

 

[Lobo Fan]

I think that a lot of these MBs will get an education about FHA. They are not Argus or New Century where any BS would fly. I would most decidedly report then to HUD. I think they have a special hotline to report appraiser pressure. What the hell, you lost them as a customer anyway. Might as well save some other borrower and appraiser the pain of dealing with these crooks.

 

[Lawrence R.]

Thank you for reminding me why I didn't rush to join the FHA panel when it became ridiculously easy to do so.

I am sure you have reported it by now, right? And sent a big stinky nasty gram by hitting the reply all feature?

Maybe you could supply a chilling effect on this companies SOP by letting them know you will pursue this matter to its fullest extent.


Thanks for posting that here for everyone to see. Greedy people will not be deterred, the "writing on the wall", is in Greek to them.

 

[Ken B]

A wise person once said that there were two sides to every story and the truth was usually somewhere in the middle.

 

[Mike Kennedy]

the "party began"

This little gem just received because I didn't make her number. What was that, Vernon, about no such thing as blacklists unless you deserve it? I have the other email also where she screams because I didn't hit her value. And this was an FHA loan. Yup - the same greed that brought down the major lenders is now at work in FHA.

Good Morning Everyone
Please remove XXXXXXXXX from our list of Appraisers, because she doesn’t provide good customer service.
Thank You.

xxxxxxxxxxxxx
Mortgage Banker
XXXXXXXX zzz, Suite zzz
XXXXXX NJ 08xxx
e-mail removed
Phone: XXXXXXXXXXXXXXX
Fax: xxxxxxxxxxxxx
Cell xxxxxxxxxxxxxxx

Government Approved Lender

the "feeding frenzy" began in July 2007.......when thousands of guppies and sharks....GLEEFULLY.......announced via EMAIL....AND ON FORUMS.......

FHA IS THE NEW SUBPRIME!!..................COME N GET IT!!!!!!!!!!!!!


...........and NERO still fiddles while Rome continues to burn

 

[Mike Kennedy]

FORBES "FHA'S RISKY BUSINESS"


In the wake of the subprime mortgage debacle, who on Earth would loan to "first-time home buyers whose high rents left them strapped for cash" or borrowers "with strong current incomes but not a lot of savings"? Wells Fargo says it will--with a little help from the federal government.

Touted as a savior in the housing crisis by Congress and the White House, the Federal Housing Administration is being turned into a bank's best friend. Major U.S. lenders are again aggressively enticing risky borrowers, offering FHA-backed mortgages with attractive terms and as little as 3% down.


Meanwhile, the agency watches as its liabilities balloon.

As a result, the nation's mortgage market is quietly undergoing a radical and potentially risky transformation that shifts liability for hundreds of billions of dollars on to the government's books.



http://www.forbes.com/2008/04/16/mortgages-FHA-congress-biz-beltway-cx_md_jz_0417loans.html

 

[Bearslide]

A wise person once said that there were two sides to every story and the truth was usually somewhere in the middle.

The truth, Mr. Brown, is that this loan officer is angry because her loan is falling apart because I didn't hit her number. She was advised, from the beginning, that I could in no way guarantee a value, nor even give her a range. So her little diatribe is "punishment" for not being one of her number-hitting skips. What other truth are you suggesting? Would you care to listen to the venomous phone message that followed the email when I didn't respond ? The one where she spells it out that I should have notified her the value wasn't there and that my failure to tell her the value and stop the report is poor customer service? Where does YOUR truth lie, Mr. Brown?

And to the others, thank you, yes, her several emails have been passed on to the folks at HUD and I am trying to figure out how to record her spittle-flying message left on my answering machine. I did NOT respond to her email, which resulted in a second nasty-gram, also sent to HUD, along with her first email screaming about the value. No point in letting her know what the game plan is. If HUD reacts like the lenders have to this sort of thing, nothing will be done, so why bother. And trying to educate someone of this caliber to USPAP is wasted breath.

Her way of doing business has become the expected norm, thanks to the lenders who have fostered it. Pretty obvious FHA is next in line.

 

[Ray Miller]

I just sent the Mortgage Fraud Watch List a dead smelling fish FHA screw around the lake shore type loan. I have a good guess that there is some fraud in there. I hope they used appraiser didn't copy my report and change some data so the loan will fly. I ask for a copy of the report that caused the loan to fly, like it going to snow in H e l l also some day. So Pam was my next stop.

Over the last several months I have run across a lot of FHA pressure and a lot of the loans that smell like dead fish. When the rotten fish hit the wall like the sub-prime mess did, who is going to pay the bill this time?????

Lots of appraisers can sit, stand and say FHA Loans are clean and honest what I have been smelling isn't clean and honest loans.