Mortgage Loan Closing Test - Part A

The payment was higher than what I was originally told.
The interest rate was higher than what I was originally told.
The type of loan I was originally promised was not the loan type I received.
I was angry about other issues.

Mortgage Loan Closing Test - Part B

The loan type I received was not the loan I was offered. My lender representative at the closing told me not to worry. After you pay 6 payments we will refinance your loan into the loan we promised. Example: my lender surprised me with an adjustable rate mortgage at the closing and promised that if I pay for 6 months on time, he will refinance my loan to a fixed-rate loan.

The interest rate was higher than I was told. The lender told me not to worry. After you pay 6 payments we will refinance your loan into the loan we promised.

The payment amount was higher than I was told. The lender told me not to worry. After you pay 6 payments we will refinance your loan into the loan we promised.

The lender promised to pay off certain credit debt. On the day of the closing, some or all of the debts that were promised would be paid were not paid.

Other promises were made to me on the day of the closing.

Mortgage Loan Closing Test - Part C

When you applied for your mortgage loan, did the lender representative tell you that your house value was not sufficient for the loan approval, but not to worry, I will take care of it?
Yes
No

Did you feel that the appraised value of your home came in at an amount substantially higher than what you believed it was worth?
Yes
No

My house is currently valued at substanitally less than what I owe my lender now.
Yes
No

Mortgage Loan Closing Test - Part d

Yes
No

Did you lender representative ask you if there was another friend or family member who you could get to sign as a cosinger to help your income situation?
Yes
No

Were you self employed during the time you applied for your mortgage loan and had income that fluctuated?
Yes
No

Did you have a union job where the income changed dramatically from month-to-month based on availalbe work?
Yes
No

On the day of the closing were you deeply concerned about your ability to pay the new mortgage payments and told not to worry?
Yes
No

Was the reason for your refinance based on your having difficultly keeping up with your current payments?
Yes
No

Mortgage Loan Closing Test - Part e

Altering the ownership of your home is a clear sign that a lender is attempting to fraudulently approve a mortgage loan. Did your lender representative suggest changes must be made in the ownership of your home such as removing or adding someone to your deed or mortgage?

Do you have a spouse who was not included in the loan approval process?
Yes
No

Did your lender tell you to add or remove someones name from the ownership to qualify for the loan approval?
Yes
No

Was a friend or relative who had zero participation in paying for the mortgage used by the lender to approve your mortgage loan?
Yes
No

Part A - Applying for a loan modification

Let's take Test 2 now! What happened when you applied for modification?

The following test is divided into four catagories. Read each question and check the boxes following each question which apply to you.

Your initial call to your lender can potentially represent two entirely different circumstances. One circumstance relates to a lender who complied with the modification regulations. The other circumstance relates to lenders that do not comply with the legal regulations set forth under the Hamp program.

On the first day I called my lender for a loan modification
My lender told me they do not participate in the modification program.
My lender immediately sent me an application for modification that I received.
My lender told me on the phone that I did not qualify for a loan modification and did not send me any application.
My lender told me they would send the application; however, I did not receive one.
I was not behind on my mortgage loan and my lender advised me to first fall behind three months in order to qualify for the loan modification process.

If the answer to the last question was yes, did you intentionally fall behind and ruin your credit on the advice of your lender in order to qualify for a loan modification?
Yes
No

Part B - The trial payment period

The home affordable modification program requires borrowers to enter into a trial period plan before you receive a permanent modification. During this period, borrowers must submit trial payments and required documentation.

Did your lender request specific documents for you to mail to qualify for a loan modification?
Yes
No

Did you mail all the documents your lender requested?
Yes
No

After mailing all the required documents, did your lender tell you...
(A) They didn't receive the documents.
(B) You were missing documents you knew you mailed.

If your answer to the last question was A or B, did you once again mail the document required by your lender?
Yes
No

Did your lender enter you into a trial payment program during the time you applied for a loan modification?
Yes
No

If you were in a trail payment program, did your lender advise you that you were rejected for modifcation based on not sending in payments on time that you knew you mailed on time?
Yes
No

Part C - Stalling the loan modification

Stalling a loan modification process for an unusually long period of time provides one guaranteed result. Your past due balance is spiraling dangerously out of control. This one fact virtually cements an imminent foreclosure. The following questions are posed to determine if your lender intentionally stalled your modification process thereby fraudulently leading you to the doorstep of foreclosure.

On the very day I called my lender about a loan modification, I was:
(A) already behind in payments on my mortgage loan
(B) not yet behind and my lender representative advised me I must fall behind 3 months to qualify for a loan modification.

If the answer to the above question was B, did you take the advice of your lender and intentionally fall behind on your mortgage loan in anticipation of a loan modification and in the process ruin your credit?
Yes
No

I applied for a loan modification on the advice of my lender
How many times 1 time 2 times 3 times > 4 times

Upon calling my lender the very first time for a loan modification application, my lender
immediately mailed my application for modification.
did not send me the application.

My lender told me they don't participate in the loan modification process.
Yes
No

During my modification application period, my lender told me they did not receive the required documents that I absoultely knew I mailed and I now mailed the documents again.
Yes
No

Every time I call my lender representative, a different person comes on the phone who knows nothing about my modification application.
Yes
No

When I call my lender I can't get the representative on the phone. They promise to call back and never do.
Yes
No

Part D - Threats made by the lender during the modification process

Absolutely nothing is more important than the subject of threats made by the lender regarding foreclosure. A major mistake made by homeowners is to take these threats lightly. We understand that many times lender representatives may tell you not to worry, it's standard procedure on the part of the bank.

During my application for loan modification the lender representative told me...

At the very begining, I don't qualify for modifcation and that the lender is going to foreclose.
Mailed me a notice of intention to foreclose while they claimed to be working on my loan modification.
Sent me a letter from the lender attorney threating foreclosure.
Served me legal foreclosure documents from the court.
My lender has made zero threats to me regarding foreclosure.