What did I get? When I clicked for my results, it told me I was going to be contacted by several lenders. Imagine my surprise. Sure enough, within minutes I was contacted by 4 companies.

I told each of them the story and apoligized for taking their time. But one “Bill Glick” from Quicken Loans wouldn’t let me go, so I finally told him I was going to hang up. Ever since, he keeps calling me and claims “I can’t hear you, sorry the phone must not be working, please call me so I can talk to you about your loan application.”

He even left me a voicemail stating that he “was worried” and was going to call 911 and tell them I had an emergency at my house because we “keep being disconnected.” Seems my hanging up means I’m medically unfit.

I have been trying to call LMB and get them to do something, but no one seems to care that a lender would harrass someone. is this the way to sell a loan?

I’m in sales, and I can’t imagine how Bill’s actions could possibly get him sales, yet I can’t seem to get the guy off my mind, as he calls me 4 times a day claiming he can’t hear me.

We have laws are 30 years old that nobody has been enforcing. I think there’s a story here. Why? Government bureaucrats with a job for life? Corruption – people on the dole of ameriquest and countrywide? No funding for enforcement?

Kudos to senator dorgan for trying to do so.

Check out this story on Countrywide today if you don’t like “interest rate drops again”

http://pardonmyfrench.typepad.com/pardonmyfrench/2008/04/countrywide-bor.html

B of a is buying countrywide, I would assume they approve of the ad

Thanks for stopping by RCG. If you still have the originals, fax them to Allen at Senator Dorgan’s office: 202-224-1193.

-A “mortgage insurance” offer that will (supposedly) pay off the loan if I die, become disabled, etc. The deceptive element: at the top, in big letters, it says “Complete and return” right next to the name of my loan origination company and details of my loan amount. Of course, in tiny print at the bottom, it says something like: Loan information obtained from public records and for reference only. If I wasn’t paying attention, I could be led to believe that this was something my lender was requiring from me–after all, they required so many other “insurances” during the loan process.

-A “biweekly” mortgage payment scheme that somehow will magically save me thousands of dollars with no effort on my part. Reference to any costs or downside is in tiny print, and generally downplayed as much as possible. And again, my lender’s name and my loan information are sprinkled liberally throughout to make it appear more official…

Thankfully, I’m in full possession of my mental faculties, have a naturally skeptical disposition, and was warned by my loan officer and escrow person to expect this kind of thing. If I were a little more gullible or easily confused, I could easily be taken in for quite a bit of money; money which I didn’t need to spend…

That’s really bad. Refinance your ARM into….another ARM.

2.6% fixed minimum payment for five years for home loans up to 4 million. No income verification: Okay.

New rates as low as 1.95% purchase, refi, or cash out. 1.95% fixed payment. No income/asset verification, bankruptcy and foreclosure? Okay! We can close your loan in 10 days…