Vanderbilt Mortgage & Finance Mortgage Complaint

Vanderbilt Mortgage & Finance Mortgage department,

Conventional fixed mortgage Loan modification,collection,foreclosure Florida

This complaint is being filed against VANDERBUILT MORTGAGE ( Lender/Investor/Servicer '' ) on behalf of - ( Borrower '' ). This complaint is being filed due to violations to the HAMP guidelines concerning the lack of procedures on the bank 's operations. A complete file with all supporting documentation was faxed on -/-/-. On a follow up today -/-/- we have been informed that the submission is not and will not be reviewed for a modification because the homeowner was denied back in -/-/-. The is a total violation of the process of HAMP and internal modifications. ALL THEIR INTENT IS TO FORECLOSE ON THE HOME. All we ask for is for the servicer and their attorney


Section 4.5 Acknowledgement of Initial package ; Section 4.6 Review of Initial Package ; Section 5 Verification and Chapter II Section 6 underwriting. Vanderbuilt Mortgage ( Lender '' / '' Investor '' /Servicer ), as recipient of TARP ( Troubled Asset Relief Plan ) funds under the Economic Stabilization Act of -/-/-, has failed to offer any modification or an alternative option beneficial to the Borrower for the loan in question. The purpose of the TARP funds as stated in Public Law 110-343, known as the Economic Stabilization Act of -/-/-, is as stated below : Sec. 2. Purposes. The purpose of this Act are- ( 1 ) To immediately provide authority and facilities that the Secretary of the Treasury can use to restore liquidity and stability to the financial system of the United States - and ( 2 ) To ensure that such authority and such facilities are used in a manner that- ( A ) Protects home values, college funds, retirement accounts, and life savings ; ( B ) Preserves homeownership and promotes jobs and economic growth ; ( C ) Maximizes overall returns to the taxpayers of the United States - and ( D ) Provides public accountability for the exercise of such authority. Pursuant to the plans and the authority provided by H.R. 1424 Title I 109-110, the United States Treasury has ordered as follows : Mortgage Foreclosure Mitigation : All recipients of capital investments under the Financial Stability Plan will be required to commit to participate in mortgage foreclosure mitigation programs consistent with guidelines Treasury released as part of its Making Homes Affordable Mortgage Modification Program. '' By submission of this complaint, we expect a thorough expedite review of our request and the re-establishment of the communications. Loan # -