President Obama plays the game like a Republican - GOP howls in protest

[wiphan]

Originally Posted by Riot

The consumers are declaring Chapter 13 bankruptcy. The bank has charged them double for escrow fees, thus the bank is demanding double the amount they are due (in escrow fees) in the bankruptcy proceeding. The banks are (allegedly) making a false claim of monies due, in excess of the truth, above what the homeowner really owes the bank. The bank says, "Homeowner owes us 5 months back payments, plus the new escrow fee" - except the escrow fees are already included in the "5 months back payments" and the "new escrow fee" is fraud.

Again you are missing the point. There are no "fees" to escrow. These so called fees are $ used to pay taxes and insurance. If the customer renegotiates or recalculates their payments (ie. Ch13) then of course their escrow account is going to be messed up. This is the customers $ and used like a forced savings account to pay taxes and insurance. Instead of posting articles actually stop and think about it

BTW- Banks tend to lean more democratic than republican. Do you see what bank stocks are doing today after the appointment? Possible huge government mortgage refinance program coming to a theater near you?