Comments on: Captain Obvious: Piggyback mortgages make loan modification harder http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Fri, 06 Nov 2009 14:02:46 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: deden m. ihsan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-71164 deden m. ihsan Wed, 07 Jan 2009 01:06:28 +0000 http://blownmortgage.com/?p=1946#comment-71164 Visiting to test FriendFeed/Disqus Comment Sync. Great, I seen this works great on your FF. Visiting to test FriendFeed/Disqus Comment Sync. Great, I seen this works great on your FF.

]]> By: Morgan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-71158 Morgan Wed, 07 Jan 2009 00:38:00 +0000 http://blownmortgage.com/?p=1946#comment-71158 Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey ... (comment via Disqus by Morgan) Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey … (comment via Disqus by Morgan)

]]> By: Morgan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-71159 Morgan Wed, 07 Jan 2009 00:38:00 +0000 http://blownmortgage.com/?p=1946#comment-71159 Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey ... (comment via Disqus by Morgan) Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey … (comment via Disqus by Morgan)

]]> By: Morgan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-71160 Morgan Wed, 07 Jan 2009 00:38:00 +0000 http://blownmortgage.com/?p=1946#comment-71160 Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey ... (comment via Disqus by Morgan) Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey … (comment via Disqus by Morgan)

]]> By: Morgan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-71161 Morgan Wed, 07 Jan 2009 00:38:00 +0000 http://blownmortgage.com/?p=1946#comment-71161 Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey ... (comment via Disqus by Morgan) Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey … (comment via Disqus by Morgan)

]]> By: Morgan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-71162 Morgan Wed, 07 Jan 2009 00:38:00 +0000 http://blownmortgage.com/?p=1946#comment-71162 Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey ... (comment via Disqus by Morgan) Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey … (comment via Disqus by Morgan)

]]> By: Morgan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-71163 Morgan Wed, 07 Jan 2009 00:38:00 +0000 http://blownmortgage.com/?p=1946#comment-71163 Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey ... (comment via Disqus by Morgan) Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey … (comment via Disqus by Morgan)

]]> By: deden m. ihsan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-13225 deden m. ihsan Wed, 07 Jan 2009 00:06:28 +0000 http://blownmortgage.com/?p=1946#comment-13225 Visiting to test FriendFeed/Disqus Comment Sync. Great, I seen this works great on your FF. Visiting to test FriendFeed/Disqus Comment Sync. Great, I seen this works great on your FF.

]]> By: Morgan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-13217 Morgan Tue, 06 Jan 2009 19:25:00 +0000 http://blownmortgage.com/?p=1946#comment-13217 Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey as they needed to be to drum up maximum loan volume.<br><br>It calls to mind an old Bob Seger lyric that should should have special resonance for Dick Kovacevich (chairman of Wells & former Norwest CEO):<br><br>"She stood there bri Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey as they needed to be to drum up maximum loan volume.

It calls to mind an old Bob Seger lyric that should should have special resonance for Dick Kovacevich (chairman of Wells & former Norwest CEO):

“She stood there bri

]]> By: Morgan http://blownmortgage.com/2008/12/31/piggyback-mortgages-make-loan-modification-harder/comment-page-1/#comment-13215 Morgan Tue, 06 Jan 2009 19:24:00 +0000 http://blownmortgage.com/?p=1946#comment-13215 Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey as they needed to be to drum up maximum loan volume.<br><br>It calls to mind an old Bob Seger lyric that should should have special resonance for Dick Kovacevich (chairman of Wells & former Norwest CEO):<br><br>"She stood there bri Wells routinely went into 2nd position behine Option ARMs. They simply noted the balance of any already existing first mortgage from the credit report and did not demand to see a copy of the Note to determine whether it had neg am potential. That they went into 2nd position behind Option ARMs is particularly odd given that they were not much into doing Option ARMs as first mortgages. I attribute the odd diverging risk tolerance to the fact that Wells Fargo Home Mortgage was (and still is) largely run by the old Norwest mortgage folks from MN. When Norwest bought Wells, Norwest's generally conservative mortgage bosses kept running mortgage. The banking side of Wells was much more the province of the Californians. So, in typical gold-rush fashion, the banking side was as loosey-goosey as they needed to be to drum up maximum loan volume.

It calls to mind an old Bob Seger lyric that should should have special resonance for Dick Kovacevich (chairman of Wells & former Norwest CEO):

“She stood there bri

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