Comments on: How Bad Is The Refinancing Run Around?

By: Badger

Badger — Wed, 09 Sep 2009 08:53:55 +0000

Banks should be paying back into for massive social housing schemes, that way they would repay their debt to society

By: hallmonitor

hallmonitor — Thu, 03 Sep 2009 16:28:22 +0000

what are the banks doing? they should have trained people by now but the money still is not reaching the people who need it most. it looks like the government want to say they made all this money available and how great they are. but the reality is they throw money out there and the banks keep it, don’t lend it and then give it back to the government. like they never intended to lend more anyway.

By: whatrefi?

whatrefi? — Wed, 02 Sep 2009 22:19:53 +0000

my husband and I have great credit scores and refid with WellsFargo with whom we had our mortgage the first time. you’d think that staying with one lender would make it easy. No Way! we started the process in Feb and closed the refi at the very (and I mean very) end of June. during the close process they ‘lost’ $1032 of our escrow money because their closing agent didn’t have a system that looks across all the different parts of Wells Fargo involved. Their closing team manager admitted that they would have never found that $ if I hadnt pointed it out to them.
They were totally overwhelmed and understaffed and their customer service capabilities were so limited it was an awful excruciating process.
Seems the banking pendulum has swung too far the opposite direction. No return to the days of crazy easy money – but this constipated bureaucratic butt-covering non financing pipeline is no step forward. Way to go government!