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Old August 27th, 2013, 10:06 AM   #41
Flexin' XJ
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Originally Posted by TJJEEP View Post
I would hurry up on that refinance. Not just to get out of Nationstar but also because of rates.

It DOES matter who services your loan.
They said that our rate is locked into what it was back in November. Hopefully.

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I found your original post after I posted my thread, and answered my own question. It looks like Nationstar is marginally better than Greentree, but only by a loosely defined margin. I am going to look into HARP today.
I thought we were trying to go HARP since our value dropped so much since we bought it.
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Old August 27th, 2013, 10:09 AM   #42
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Why do you have to minimize the sale of a mortgage to shady companies when others have had problems with it and it has been a hassle for them?
I already said knock on wood, it hasn't happened to me.

You put yourself on the pedestal, not me. Where?

I don't disagree that the sales of mortgages has been going on for a long time, I'll say it again.

Mortgage sold before 2005ish, probably a fairly seemless transition and no big deal.

Mortgage sold in the last few years, according to many people a serious pain in the ass to adjust to and based on shady companies.

So taking an extra $5 is an issue to you, but chargine $12 to pay your mortgage like you have for years is ok?Never said that. I said that "if" they wanted to charge $12 for an on line transfer versus nothing for sending a check, I have no issue sending a check. you're contradicting yourself. What about the extra being applied wrong to your principal? Seems to me that I already said that would be an issue but you must have missed it. (look at my post from 8:53am) Are you ok with that too? Nope, see the same post.It's shady business, its the largest purchase anyone ever makes in their lifetime (for most) and its where you LIVE....
Agree 100%. I don't like shady business and it's a huge investment that needs to be watched. But the sale in of itself is not a big deal.
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Old August 27th, 2013, 10:15 AM   #43
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Agree 100%. I don't like shady business and it's a huge investment that needs to be watched. But the sale in of itself is not a big deal.
Nobody is saying it is!! It is WHO they are being sold too....
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Agree with all of that. The problem is, the company that bought the mortgage actually appears to be worse! We were getting ready to refi anyway, so I guess we will just do it earlier than planned.
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Old August 27th, 2013, 10:20 AM   #44
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Over the years our mortgages have been sold countless times. I can't think of one instance where it has made a difference. Like said before, they can't change the contract. So, pay your bills on time and nothing changes.
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Could be true but none of these issues have ever happened to us. I don't pay late so that is not an issue. Whether we pay on line or write a check is also not an issue.

Of all things listed, paying early would be the only concern I have. The rest of it is just "life". Things change, shit happens but at the end of the day, I have many other things to worry about besides whether I can pay on line or write a check. To post a thread that "OH MY GOD MY MORTGAGE GOT SOLD" is a little overkill IMO.
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You are right, I haven't taken the time. Between my three homes I have had, I've been paying a mortgage for over 35 years. Knock on wood, I haven't had any issues to complain about so I really don't pay attention to comments about it. Maybe it's because I pay on time and my credit rating is good.

I still don't see where it becomes a "major hassle" if it is sold. So what if they charge an on line processing fee? Then just throw a check in the mail. Oh wait, that's so "old fashioned" for the younger croud that it becomes a "hassle". To me, it's life and I shrug it off.
That's the pedestal I am talking about. You have awesome credit and pay on time so its no hassle to you, YET you haven't taken the time to realize it is about WHO is buying the mortgage and how much of a hassle they have given people (Redmud (possibly), Cracker, Trannytom, flexinxj, and others) who DO pay their bills on time and ARE people who hold decent credit ratings.
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Old August 27th, 2013, 10:27 AM   #45
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OH MY GOD..... I put myself on a pedestal because I said I pay my bills on time. I always thought that was fairly mainstream, not something special.
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Old August 27th, 2013, 10:29 AM   #46
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OH MY GOD..... I put myself on a pedestal because I said I pay my bills on time. I always thought that was fairly mainstream, not something special.
Yeah, that's why you put yourself on the pedestal.

Sorry, I read your post as "well if you guys paid your bills on time like me this would be no big deal"

Except, you weren't noticing that no one cared their mortgage was sold, they cared that it was sold to a shady company. In fact, you're still unwilling to acknowledge that fact.

You're right, we're all wrong. Carry on.
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Old August 27th, 2013, 10:50 AM   #47
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Yeah, that's why you put yourself on the pedestal.

Sorry, I read your post as "well if you guys paid your bills on time like me this would be no big deal" Well you read it wrong.

Except, you weren't noticing that no one cared their mortgage was sold, they cared that it was sold to a shady company. I get that. But, has the so called shady company harmed them? It sounds like some yes, and if so, they have a gripe. But if they haven't been harmed by said shady company, they don't have a gripe, they just need to watch closely or if they choose, make a move. In fact, you're still unwilling to acknowledge that fact. Sure I do. But describe how they have been wronged. Just because a new company has a different billing system doesn't make them shady. Greedy, yes, but that's the fair market system where if you don't like it, you go somewhere else.

You're right, we're all wrong. Carry on.
By signing during closing that you will allow your mortgage to be sold opens the door to someone buying out the contract and changing the billing practice. If that's the worst that happens, it's awlful hard to call the company "shady". And I 100% agree that if they don't apply an extra payment properly, that sucks. I have run into that where I paid an extra amount and on my next statement it was not applied. When I called to inquire why, they said you have to personally call each time, that they won't autmatically do it. It's a PITA but now I know and that's what I do. Shady? Not really because they have a standard procedure that if followed, works just fine. Pain in the ass? Yes.

I still don't see how that puts me on a pedestal or why you have to drag income into it just because I haven't had a problem to date. I've never had my identity stolen either. That doesn't make me special. Just maybe lucky so far.
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Old August 27th, 2013, 10:51 AM   #48
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I found your original post after I posted my thread, and answered my own question. It looks like Nationstar is marginally better than Greentree, but only by a loosely defined margin. I am going to look into HARP today.
Good luck. We finally ended up with citimortgage after our mortgage was sold 3 or 4 times. I think my note has been owned by most every bank that went under.

Anyway, we started HARP in March or April 2012 and closed on the refi in I think Sept or Oct 2012 last year. I usually had to call at least once a week to kick the can down the road. I think they did 3 extensions on our interest rate since the 90 day window ran out.

And my identity was only stolen once in that time frame. And that was the only new or adjusted credit I did last year. But I'm sure it wasn't them. Yeah right.
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Old August 27th, 2013, 10:56 AM   #49
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I still don't see how that puts me on a pedestal or why you have to drag income into it just because I haven't had a problem to date. I've never had my identity stolen either. That doesn't make me special. Just maybe lucky so far.
Sorry, I am still reading your post with a very arrogant attitude that puts you on the pedastal of greatness.

You haven't had issues, others have, those that have seem to have had their mortgages sold to the same shady companies that have caused them greif. It's no an uncommon issue with those companies and has been a hassle for those who experienced it.

You're still awesomerest than everyone else because since it hasn't happened to you, you think it is no big deal.

And with that I'm done, I sympathize with the people who have had to deal with this recently as just up and refi'ing to a new company to avoid the hassles of the shady companies isn't as easy as it has historically been, so it can become a major hassle. You don't, because "that's just life". I get it.
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Old August 27th, 2013, 11:29 AM   #50
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This is not true.

They may not be able to change the terms of your mortgage, IE your term and interest rate, but they can change things that can still affect you.

Like if you pay a little extra each month "how" they apply it, when they apply it, etc.

They can change how easily you can or can not pay your mortgage online, or by mail, or change what the penalty may be if you do happen to accidentally miss your payment date by a day or two.


Paying it ontime does not guarantee that things won't change.

That said, Jason my mortgage was sold the day after I closed. Lucky for me it was sold to my bank. It has worked out rather nicely for the last few years. I am hopeful it does not get sold and does not change.
The text that I had highlighted in red is what I would be worried about if you are paying by check/snail mail. I heard from friends where the company will claim they never received the check, just so they can charge you late fees. I had this happen to me with a credit card company before. Since then I pay everything online.

Xwhatever on dealing with a credit union.
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Old August 27th, 2013, 11:30 AM   #51
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I thought we were trying to go HARP since our value dropped so much since we bought it.
Is it bad that I was excited when the two short sales on either side of me went for 98K and 101K respectively?

I'm sitting at 140K on my house right now, and I was like "Sweet! 5 more years and it might be worth what I bought it for!" Zillow says my house is worth 98K right now.

If I am understanding Harp correctly, this is what it is for, correct?
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Old August 27th, 2013, 11:32 AM   #52
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The text that I had highlighted in red is what I would be worried about if you are paying by check/snail mail. I heard from friends where the company will claim they never received the check, just so they can charge you late fees. I had this happen to me with a credit card company before. Since then I pay everything online.

Xwhatever on dealing with a credit union.
I pay everything I can online for this reason as well, There is no replacement for instant confirmation that someone has your payment in my mind, anyway!
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Old August 27th, 2013, 11:53 AM   #53
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Sorry, I am still reading your post with a very arrogant attitude that puts you on the pedastal of greatness.

You haven't had issues, others have, those that have seem to have had their mortgages sold to the same shady companies that have caused them greif. It's no an uncommon issue with those companies and has been a hassle for those who experienced it.

You're still awesomerest than everyone else because since it hasn't happened to you, you think it is no big deal.

And with that I'm done, I sympathize with the people who have had to deal with this recently as just up and refi'ing to a new company to avoid the hassles of the shady companies isn't as easy as it has historically been, so it can become a major hassle. You don't, because "that's just life". I get it.
I never said I was better, more awesome or that I am better than anyone. I just expressed an opinion to the context of the discussion.

It's sad that you take a healthy discussion and lower yourself to name calling and bringing personal income into the discussion, of which both are uncalled for.

You're better than that Chad.
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Old August 27th, 2013, 11:58 AM   #54
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I never said I was better, more awesome or that I am better than anyone. I just expressed an opinion to the context of the discussion.

It's sad that you take a healthy discussion and lower yourself to name calling and bringing personal income into the discussion, of which both are uncalled for.

You're better than that Chad.
Twist it how you want to Jim. In this thread your posts sound arrogant towards those who have had their mortgages ERECENTLY sold to a SHADY company. You expressed an opinion that had nothing to do with mortgages being sold to the companies mentioned by others and in question, you expressed an opinion about previous mortgage sales.

It's sad you cant have a healthy discussion about the actual topic at hand because you aren't willing to look at what is actually being discussed.

Last edited by kickstand; August 27th, 2013 at 12:05 PM.
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Old August 27th, 2013, 12:36 PM   #55
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Northwestern Bank won't resell the mortgage............need to be thumped every other month about holding additional payments toward future instead of applying them to the principle though Talk about annoying as shit.........

"The Local Servicing Advantage
After closing, most lenders will transfer or sell your loan for servicing outside our area. At Northwestern we don't sell or transfer mortgage servicing. Your loan stays here in northwest Michigan, helping to create and keep local jobs. And you can make your payment at any Northwestern Bank office and count on fast, local responses to any questions about your mortgage."
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