To: John G. Stumpf, CEO
Saving Homes
Negotiate in good faith with homeowners. Stop taking advantage of homeowners. Help Homeowners stay and keep their homes.
Why is this important?
My request for a loan modification was categorically rejected. I was told by Wells Fargo home mortgage that my mortgage could not be modify to a lower payment due to the fact that my income was from unemployment benefit and therefore not qualify for a modification. Now that I am employed, the Bank
is offering a modification which doubles my trial payment to $1761, an increase of $825 monthly, adding a monthly $350 increase to my original mortgage payment. To make
matters worst, in this day of lowest interest rate ever, they're keeping my interest rate at 6% variable.