Wilshire Credit Corporation violating laws.what to do?

Hi whystle blower

You have given the whole lot of information about wilshire credit corporation. A lot of people keep on asking about them.

Thanks for the help. Keep in touch with all the members in the forums. Any help from your side will be appreciable.

Roxette

[quote=roxette]Hi whystle blower

You have given the whole lot of information about this company. A lot of people keep on asking about them.

Thanks for the help. Keep in touch with all the members in the forums. Any help from your side will be appreciable.

Roxette[/quote]

I am glad to help. Many employees and ex-employees of wilshire credit corporation are currently filing complaints and or taking legal action against them for discrimination against women and minorities, non-payment of overtime wages, se*ual harrassement and misconduct. You can go online to the Oregon Court System and look at the case info of Halverson vs Wilshire, she filed suit against them a few years past--for discrimination, there have been numerous complaints. The HR department has a long history of retaliating against employees for reporting misconduct and harrassement. :(

I wanted to thank you for this information,,we have had some serious problems with default loan servicing company wilshire credit corporation,for the last 6 months they have allowed me to send my payments to a mailing address they advise is old so they have been hammering me with late fees,, when i called after the first late fee they mentioned nothing about a wrong address. I asked them to remove it and they said no they are a collection company also and plan to collect the late fees. My bank was the one to identify the are holding on to my payments until the day it would be late.
Wilshire's excuse is that it takes 14 days for them to receive and process and post my payment.
I faxed a complaint accusing them of this which is fraud

Anyone know who else i could file a complaint with,,who governs or over sees companies like this

Thank You so much for your help

You can also send your complaints at the FTC, BBB and the DA's office. I am sure they will take necessary action against wilshire credit corporation

what specific agency governs companies like wilshire credit corporation ?

Since all the major credit card companies and collection agencies are governed by the Federal Trade Commission, Better Business Bureau, they are required to comply as per the Fair Debt Collection Practices Act.

Please have a look at the FTC website to gather some useful information regarding the consumer rights.

http://www.ftc.gov/

i thought the fdcpa guidelines were only to be adhered by 3rd party debt collectors (collection companies who have bought bad debt). im confused

The fdcpa laws are applicable to any business institution that is legally involved in collecting the debt from the consumers. It can be a collection agency (like wilshire credit corporation as well as your creditors also.

are you 100% sure on that? can anyone give me wilshire credit corporation web site ?

:( i just wish that some of wilshire credit corporation employees would step up and do the right thing and help us out here who are losing their homes. I know that I would never stand by and let this happen.I couldt sleep at night knowing that I knew that the company I worked for was putting hard working men and women with children on the streets because of losing their homes.I would have to make a stand on this.I hope that some employees will be brave enough to do this.there is a judgement day coming.

Hi Vaughan

Please feel strong and try to solve the problem that you are into with default loan servicing company wilshire credit corporation. Do you mind discussing your problem in brief so that the community can offer some suggestions?

My home was purchased in1988 with a princial balance of 30,000.00 In november of 1996 Hud sold mortgage to Ocwen in June of 1997.Ocwen transfered mortgage to Wilshire Credit,Augest 1997 I started getting forclosure notices.This has been an on going thing, I never get the same amount of balance. I have called several times and never get to speak to the same person.I have paper work stating all kinds of amounts.My payments have gone 144.00 and my balance goes up also.I am charged taxes that werent payed,over charged taxes charged late fees, attorney fees, appraisal fees and inspection fees.My payments are not posted on time,some are not even being posted at all and now that I finally got a copy of my payment history after years of asking for it.I have found that my payments where being held for 8(eight months)before they were applied to my account.At this time all late charged every month to my account.One whole year was applied and the next year they removed all the past year payments.I also was charged for insurance that I already had.This company is very rude,They send forclosure notices every few months, I have sent them so much money in the thousands to keep from loosing my home.money i didnt owe .This company has me oweing more money on my prinicpal than I owed 18 years ago.I recently recieved a foreclosure notice,This time I couldnt send a large amount of money,I have complained over the internet to try and get some kind of help.No luck,I called and tried to talk to a lady from wilshire and she was rude,she also told me that I better stay off the internet,That they would sue me ,and there for a while she knew every one I contacted over the net. But with no help out there ,I filed bankrupty, So I guess this is going to the end now.But I did forget to say that for the past few years I have recorded all their nasty conversations with me ,all the way down to their threats,cussing,calling me stupid,poverty stricken and much more. wilshire credit corporation company is stealing consumers dreams. And for all the employes there are gone if they stand by or stood by and let this company destroy peoples lives ,well they got whats comming to them, because they are the same as crooked as the company they work for.

Hi Vaughan

It's very sad especially after you have fulfilled your responsibilities of paying towards the account. wilshire credit corporation should be punished for their fraudulent activities and then being rude to the consumers like you.

Have you thought of taking some legal actions against them? If you leave them aside, they will continue like this with many more and destroy other peoples' lives. Someone needs to make a move and shut this company.

Please file your complaints at the FTC, BBB and the attorney general office in your state in the hope of some restitution. Also consult your lawyer for some justice at your end. I am really sorry for what has gone by your side.

whistle blowers can be protected under sarbanes - oxley act of 2002.for reporting any violations. you can look it up, us senencing commission.

[color=red]Link made inactive as per forum rules - Vikas[/color]

Question...

If an ex-employee gives out information, that is factual and beneficial to the public, is it still conisdered a violation of Sarbanes-Oxley Act?

What about if the news did it?

I live in Ohio, and have been having MAJOR problems with Wilshire Credit for a very long time. They seem to be in the business of attaching SO many fees and charges, that a homeowner cannot ever "pay down" their mortgage! They claim that they will "help" you get caught up if you get behind, then apply all of your mortgage payment to the "arrearages", so that each month, they add your mortgage amount, interest, plus late charges and fees, AGAIN to arrearages, thus, they are CONSTANTLY creating an arrearages for the debtor!! I filed a complaint ONCE with the state of Ohio, and lo and behold, Wilshire deducted some of the money, but they are back at it again. This company is in the business, it seems, of FRAUD, and UNSCRUPULOUS "business" practices!

wilshire credit corporation is as CORRUPT as it gets!! And the State and Federal Governments ALLOW them to be!!

Read the agreement contract and review if Wilshire is calculating interests as per the agreement deed. If they are adding it as per their wishes, it needs to be stopped.

Since you have been successful after a complaint with the state of Ohio, you might consider this alternative again.

Thhe company has stated they rec'd no payments in the year 2004, but we never rec'd a foreclosure notice from the collector Welshire Corp. They have added all kinds of crazy late fees etc. They have doubled the payment from 400.00 to 1000.00 a month, We find this company to be a frontrunner in the preditory lending business. We're looking for help to resolve this serious problem. The employees of Welshire seem to get paid for supporting the actions of the company, so they're no help.

James,

Ask for validation. debt validation is your legal right and third party collection agencies are bound to send you written log of the debt. Send your request through CMRRR.

However, collection of secured debt is different from that of unsecured debts. Hope someone else would be able to shed some more light here.

I just came across this website trying to find out how I could help my son. I understand your frustration. Well, let me start from the begining. On September 29,2005 my son got orders to deloy to Iraq to relieve his counter part for 2 weeks R/R. Unfortunatley when he got there his counter part was in a fire fight and got killed. So his orders got extended. Since he thought he was coming back in 2 weeks he did not set up provisions to pay his mortage. So he kept getting notices from wilshire credit. I called them up advised them that he is deployed. They said that all they need is a set of order and a letter from him asking for forebearance until he returns. I emailed my son and he sent the letter and orders to me. I faxed his orders and a letter stating that he was requesting forebearance according to the Soldiers and Saliors act. That was on the request of Wilshire Credit. They sent back the letter stating that he was not eligible for the forebeareance because they said that he had applied for the loan when he was activated in April 2005 and that he did not qualify. I told them that it was a second mortage and he thought it was a combination of income, business and military. They stated that he was activated when the loan got funded. According to my son he said that he was deactivated in April and the loan was funded in May. I asked them to wait till he got back and he will take of the mortage. In march he got a letter (sent to his house - I check up on the house daily) stating that they were going to foreclose on him. I told them how can you do that without him being here. Then they sent him a financial statement for him to fillout. I called them up and they said thats what they need. I asked how is my son going to fill out the paper work or even coordinate with you when he is deployed. This has been going back and forth. The reprentative was not helpfull it bordered on arrogance. One representative hung up on me when I asked how you can do this without him being here. They didn't seem to care. So I finally had enough. My son is the line of fire and he has a lot more to worry about than losing his home. I asked for the payoff to catch up. They didnt' have that information. They said that it will take a week. I asked about when the house is going into foreclosure. They would not tell me. I can't believe that people in this organization are so insensitive. They know that they have my son between a rock and a hard place. They know that they will get the money. And the loan is only for $95,000! I even asked for the number to their corporate office, especially the CEO's phone number they would not give it to me. I am glad I came across this website, now I have numbers that I can call. I don't know it that would help my son but who knows. I applogize if I seem to ramble on, its just that I would like my son to come home alive. What a country? We send our men and women into harms way to assure our freedom, but expet them to fight battles on two fronts. One at home and one in a war zone. Like my son says, he feels safer being here (iraq) then at home. Here he can count on others to protect him as he helps protect them no matter what.

WOW Vaugn, thats a terrible story but it sounds like you have evidence of illegal activity. Fight like crazy, dont let these jerks take you down. Alot of us didnt think to save conversations or to keep all the info to file a lawsuit. Every small victory against these scam artists will help, even if it means that they have to change their company name... it wont measure up to the dammage theyve caused you and everyone else these collection companies have intentionally caused, but it will help. Maybe a few of these jerks will loose thier jobs, not be able to pay their bills and get a taste of their own medicine.

send future correspondence via certified mail to

wilshire credit corporation
14523 S.W. Millikan Way, Suite 200
Beaverton, OR 97006

you can address it to these people:


Jay Memmott, Chairman, President and CEO
Jay Memmott has been CEO of Wilshire Credit Corporation, the Company's servicing subsidiary, since June 2000. Prior to his appointment as CEO, Mr. Memmott served as President of Wilshire Credit Corporation.Prior to his appointment as President in November 1999, Mr. Memmott served as Vice President in charge of Loan Servicing of the Company's prior affiliated servicer. Prior to joining the Company, Mr. Memmott served as a Vice President of Coast Federal Bank in Los Angeles, California. Mr. Memmott has been in the mortgage finance/servicing business for over 28 years. In addition to holding executive management positions throughout his career, Mr. Memmott has been an accredited instructor with the Institute of Financial Education and has been a member of various government-sponsored agency advisory boards. Back to Top

Russell Campbell, CIO and Treasurer
Russell T. Campbell, is Senior Vice President, Chief Investment Officer and Treasurer of the Company. Mr. Campbell held several management positions at the Company from 1997 to November 1999. Prior to joining the Company, Mr. Campbell was Chief Financial Officer for Oregon Business Media from 1992 to 1997. Mr. Campbell was the accounting manager for a diversified real estate development holding company in Baltimore, Maryland from 1987 to 1992. Mr. Campbell is a graduate of the University of Vermont and obtained his CPA certification in 1991. Back to Top

Kenneth P. Frye, SVP/Loan Servicing
Mr. Frye is a Senior Vice President and oversees performing and non-performing loan servicing functions. Ken has over 17 years of experience in various positions within the financial services industry. Ken spent five years with U.S. Bank in Portland, Oregon where he was Assistant Vice President and Manager of the Consumer Lending Audit group responsible for evaluating consumer loan asset quality and loan servicing operations. In addition, Ken spent five years working for American Savings Bank in Stockton, California. Ken also managed a satellite office for Ernst and Young, where he provided consulting and financial services expertise for clients. Ken has a Bachelor's degree from California State University of Sacramento and an MBA from Washington State University. Back to Top

Mark Peterman, Vice Chairman , Secretary, and Legal Counsel
Mark Peterman has been an officer of the Company and its Legal Counsel since July 1998. Prior to joining the Company, Mr. Peterman was a partner in the law firm of Stoel Rives LLP. Back to Top

Brad Newman, Vice Chairman
Brad Newman is Vice Chairman of Wilshire Credit Corp. Previously, he was Executive Vice President, Capital Markets for Wilshire Financial Services Group Inc., Wilshire's former parent company. Prior to joining the company in 1998, Mr. Newman was Chief Operating Officer of J.G. Newman Co., an insurance underwriter. Mr. Newman also held various positions with Citicorp Securities, Inc. including Vice President, Mortgage Finance & Trading, MBS Product Manager for Europe and the Middle East and President of Housing Securities, Inc. a Citicorp subsidiary. Back to Top

Well I haven't dealt with this particular company(as far as I know).... concerning Sallie Mae, but, I have dealt with some others. And I get so tired of hearing how this and that can't happen because it is against the law. Well guess what.....poeple dealing with student loan CA'S get threatened and lied to so much it is just incredible! And they do use scare tactics and harrassment and make nearly impossible to actually pay back your loans! So thank you thank you thank you!!! I wish this was posted in the Student Loan forum!

If I didn't make it clear....I have experience with Sallie Mae CA'S.....And, I may very well have dealt with this company also....I spoke with 3 different companies the other day....all connected to the same dang account I am trying to get worked out....simply incredible! SS....if I got off subject too much...but just had to vent...thnxs again for letting poeple know the truth!

Moondanzer,as long as the collectors do not own your student loan debt,they are required to follow the FDCPA.If they do not wish to follow the law,gather your evidence and file suit.Summons with a copy of lawsuit tends to square away most problems.Please remember that if they violate,they must pay because damages are statuory in nature and the only defense is bonafide error. If you document numerous violations,you remove the defense and you make a claim for willful non-compliance which could allow for punitive damages.

My loan was just recently placed with Wilshire from a company I generally had no problems with. I have sent them one payment. My next payment is late and I was fixing to mail it. Then today I got a check in the mail from them for the amount of my first paymnet. It was just a check and a stub. It said it was from Wilshire Custodial refunds? what does that mean? Am I getting played and probably fixing to be screwed? I hope someone can help soon. Thank you

Please send me your stories and email adresses. I think its time we fight back to the tune of $200,000,000.00 in punitive damages from these guys. We need about 1000 people to send complaints and tell there stories. People who have lost there homes should join in. Pass this on wherever you can LETS SHUT THESE CROOKS DOWN!!!!!
email address removed as per forum rules - Mike

Neil I wish that you could have your email address posted so we could get together on this thing. Wilshire is an ugly bunch and they are screwing people left and right. Someone needs to take a stand.

Hmmmmm a bunch of liars and cheaters again harassing innocent people.......we must do something. Until n unless we take a strong action against them they wont stop.

This company continues to post negitive information on my credit file, though I NEVER dealt with this company, and file a bankruputy in 2005. I do not know who they are, and they are ruining my life. David L. Howard, Springfield, Illinois

Welcome to the forum Mr. Howard.

You have no account with this company? If you are sure of this then perhaps you should dispute the items with the credit reporting bureaus.

I lost my home in 2006 due to an employee at Wilshire who was vindictive, nasty and impossible to deal with. After many months of sending my payments by Western Union, I called one day to see if I could be two days late. I had signed a paper stating that my payment would be on a certain date true, but sometines you just can't do that. She had never been anything but nasty, difficult, and rude to me so I asked that someone else be assigned my account and taled to a fellow named "Kevin" who said that would be all right. The next day I wired my payment and she promptly put in the computer for my payments not to be taken anymore and through me into foreclosure. She did not have the authority to do this, but she did anyway. I lost the home my mother left me because this person (I am trying to remember her name, I never thought I would forget it) was hateful, nasty and downright nasty enough to do this to me. I keep thinking that someday she will pay for her actions, and I hope I am made aware of it when she is. The account number was 337499. I lost my home and if it had not been for the kindness of my brother would have been homeless. I hope something dreadful happens to her.

:cry: Pamela Farmer's web address is pamfarmer1945(at)yahoo.com

PLEASE PLEASE PLEASE
Can someone who is reading this and having seen all the problems with Wilshire Credit please post a blog so we may able to collect all the people's names and stories for proper filing of a lawsuit? My husband and I are just plain, middle class people who work hard and try to do right but we have worked for a long time and I won't let a company like Wilshire Credit destroy our lives as they have others. Please someone out there who is smarter than me about opening some kind of computer webpage about Wilshire Credit please help us so we can band together against this company.

When it comes to Wilshire Credit, DO NOT TRUST ANYTHING THEY SAY OR DO. They will stab you in the back. Their purpose it to try to SQUEEZE as much money out of you they can, any way they can!!! Their CEO's fully well know what is going on so that "informing them" route won't work. They are "in bed" with big business.
Every employee who works there has their own "department/title" so when you call and are connected with a person with a title just wait because when you call again you will talk to another person with a different title. I have spoken with so many departments there I have lost track. Just remember that Wilshire doesn't lend money. it services loans or I should say it TRIES to service loans. You, me and everyone else on this site have most likely never signed anything authorizing or knowing that Wilshire was the servicer of our loan. I am anxiously waiting for the day they come tumbling down. Wilshire employees (especially employees with families) better start walking before they all end up with subpeonas because they are KNOWINGLY DOING WRONG!!! It will all fall sooner or later, Deutsche Bank, Merrill Lynch, Capital Investments/Consultants/Wilshire Credit and the biggest and baddest of all New Century Mortgage who knew what they were doing and are still to this day reaping the rewards of all this. They may have thought they had their paper trail covered but it looks like they were wrong. All it takes is a lot of manhours and an investigative spirit to follow the money.

After posting 2-3 informationals on your site about Wilshire Credit and how bad they are all of a sudden TODAY I received a pamphlet in the mail from Wilshire (Wilshire envelope) showing what they are and what they do. No letter, only a pamphlet of the Wilshire Privacy Policy. Don't know who sent it or for what reason but it must have been sent in regard to one of my postings on your site. Now inside the pamphlet they highlited line that states "Where permitted and appropriate we may also share personal information with our affiliates". They have copies of our W-2's, check stubs, bank statements, tax returns and now are showing me that this information can be shared? How's this for retaliation? Especially against a consumer? Now I have no idea where our personal information may end up.

I was recently relocated from Washington State to Florida, My relocation company will buy the Washington property at fair market value which just so happens to be more then what the original loan was. The relocation company did get an offer from a private party however at closing Wilshire had added an absorbanant amount of fees and late payments etc making the closing impossible to happen. The buyers walked. The relocation company is still offering the offered price through short sale but Wilshire will not return calls or take calls in regards to the offer. I have submitted all the papers required for the shortsale however Wilshire has tagged my phone number to go to a loan officer's voice mail which never calls me back. I have received several certified letters of foreclosure but Wilshire will not get off their butts to make this short sale happen. Several Wilshire representative have said that the shortsale offer was a good one comparatively. So, I wonder am I being scammed in some way so that my house will go into foreclosure and Wilshire will come out on top through Govt help? or what can I do about this? I have been calling Wilshire daily for 5 months and am no further at this point then I was when I started (Interest still growing). My wife wants me to hire a realestate Attorney, but I don't know if or what my case would be. Anybody else have this same experience? Need help soon!!!

If your mortgage is serviced by Wilshire Credit and you
are or have been an employee of Home Depot, I would
like to hear from you.

What's the HD connection? I had 10 years with them and my wifes been with them 14 years.

I am also dealing with Wilshire in regards to my loan. I was and am frustrated with how they deal with things, however you have to have a plan of attack. This is my house and I am doing all I can to save it. The following items might help you in your endeavor.

1. If you are behind and they keep bugging you for payment, ask to be transferred to the Loan Modification department. You can call the loan modification people at (888) 313-7538. Make sure you get the 4 number extension of the person you are talking to for future reference. DO NOT LEAVE A MESSAGE because they will not return your call. The best time to call is between 7 & 8 am PST. The wait any other time of day is very long. You have to be diligent, they don????????t care as they are talking to many others like yourself as many are in the same situation.
2. Listen very carefully to everyone you speak with. They are not allowed to say certain things, but they may give you some tips you can use.
3. You will still be on their automated call system from the collection people. Always answer or return their calls. If you don????????t they may proceed further in the foreclosure process. You need to show good faith in trying to work something out. If you are working with a person in the modification department ask the collection people to transfer you to them as it helps for you speak to the same person every time. They will get very familiar with your situation and might be able to show a little compassion. (it is worth a shot)
4. Make sure when you fill out your financial form you include all of your expenses that you pay in a month. Make sure you let them know if your car is a piece of junk and you need $100 a month to keep it running, put it in. Anything necessary for you to live no matter how small. It is hard to go back and say I forgot. (this prolongs the process) This is one of the most important steps, you need to show that you can????????t afford the payment. Spend time and be thorough with this step
5. You don????????t have to be pressured into taking the first offer. Understand the a forbearance (only a temporary fix) is not a loan modification. They will not consider a loan modification until you have 3 current payments. When you receive your offer call them immediately and tell them that you can????????t come up with the down payment and need to negotiate further.
6. If you have back taxes, go to the county and ask them if they will help you catch up. (you can find information on County websites) Some have programs (mine did) with 20% of the past due down you can make payments for up to 5 years. You have to stay current with your taxes in order for this agreement to stay in tact. You do not want them to add this to your loan or you will now be paying interest (at a ridiculous rate) for a period of time. Try and find out what is available in your area ASAP. In order to make your plan work you need to know all the rules.
7. Lastly, the government is putting many programs out there to help homeowners. They are putting them out so fast that a lot of details are being missed. Look into every program available and see if you qualify. Talk to FHA loan officers as they seem to be the ones putting out the loans. You need to do the work and dig these things up. HOPE for HOMEOWNERS came from the ???????Housing Reform Act of 2008??????? You can find information on HUD website. I will try (in the near future) and put up some links that I found.
8. Good luck and stay diligent in your efforts. Time spent whining (I did it for a while) about these people is time you could use to save your house.
9. I am making progress but it takes time. Don????????t be discouraged and let them take what is yours.
10. Destiny is not a matter of chance, it is a matter of choice.

These are my personal experiences and opinions only. I am just a home owner trying to save his house. I wanted to share my experiences with others who are scared and don't know where to turn. I hope it helps.

Greg

I have a sale date 12/1. Wilshire has been like a black plague over my family. Hopefully i'll be able to utilize some of your tips to save our home. many thanks[size=3][/size][font=Georgia][/font][color=Indigo][/color]

I cannot get anyone to answer the phone to speak to a representative. I called four times yesterday and no one would answer the phone after I let it ring for an hour each time after I typed in my account number.

Ken Williams

Too tired to say much. My story is basically the same. I hired a bankrupcty attorney who has intervined. I really hope to file a lawsuit when I find someone who will listen to all the facts.

I am writing this letter out of frustration dealing with my mortgage company. Five years ago, I refinance my home to a very bad loan. Accordingly within the last 2 years my payment has increased form $1245 to almost $2236. The interest rate on the loan rises from 5.5% to the current amount of 10%. I have been asking my mortgage company (Wilshire Credit Corp) to modify the loan for the last year and half but they are not willing to do so. The most frustrating part is it normally takes them 6 month to even get a response to the request, then I was told to bring more paper work and it will adjusted, it never did. Every week, I call them it is anther story form a new customer service representative. In the mean time, I have almost drained my 401k saving from the high of 30K to just under 4k. Now, I am three month behind and on the verge of being foreclosed. I still want to continue to live in the house, but it seems they are just trying to foreclose on me and my family. This is the wrest company I have ever dealt with you. I will join anyone for collective action against them: [email]danielw63@hotmail.com[/email]

We have had the misfortune of Wishire obtaining our mortgage after Novastar Mortgage company went out of business - odly enough just 1 month after we signed the papers. Wilshire has not cooperated with us in trying to seek a loan modification and employees have been vague and disinterested in helping. Promises for call backs never happen and we are getting nowhere. This plea for help goes back several months now. What recourse do we have?

My husband and I got 2 months behind on our mortgage payments with Wilshire. We've experienced some of the same things as a previous complainer: we've been paying this mortgage for 17 years and still owe Wilshire over $100,000 because of forbearances. They won't refinance. When I called in to make payment arranges, they increased my mortgage by $300 a month. How will this help us get back on track? Now, we're in deeper. After Katrina, they alleged wanting to work with us to help us get back into our home. Now that the home is livable (still some needed repairs) they don't seem to be as concerned. With the housing market the way it is and the fact that they probably would re-sell our home for dirt cheap, I believe it's senseless to push ifamilies this way. We've been through enough grief.

I am about to lose my house; I have completed several hardship letters, submited all of the documentation and even offered to sign a deed in lieu of foreclosure.... only to be tolk that they would consider a forebearance agreement to raise my mortgage payment $400 more per month or to send me a two sentence letter saying they decline any other assistance. Additionally, they lost my note. Any class action suit... i m in. I am a single mother with no family in the state of florida. They are destroying me.

I am about to lose my house; I contacted Wilshire after I had been laid off from my job (but only after making 1 yr of timely payments after the lay off) when I called they said that they could not help me if I was not 45 days delinquent. When I became delinquent, they sent me the harhship docs to complete. (at 60-days they filed on me) I have completed several hardship letters, submited all of the documentation and even offered to sign a deed in lieu of foreclosure.... only to be told that they would only consider a forebearance agreement to raise my mortgage payment $400 more per month ($3,400) or to send me a two sentence letter saying they decline any other assistance. I have not paid my taxes, I have no insurance on my home. Like everyone else my home has lost tremendous value....My mortgage is $373k for a 2,400sf home; the house next door is 3,400sf and SOLD for $215k. Additionally, Wilshire filed that they lost my Note. Any class action suit in anyway... i m in. I am a single mother with no family in the state of Florida. This is devastating.

Why are these mortgage/consumer loan company required to have "real-time" on-line payment reporting? Wilshire routinely holds my payment until the day after the final day of the grace period and applys a late charge. They even do this if I make my payment on-line...on their own web site. I have a gut feeling that most of the problem with Wilshire is that they may be funded by "overseas" investors who are banking on foreclosures. Typical of the US to let other countries buy up Americans dreams and then sell them to the highest bidder. Same idea as sending our customer service jobs overseas. Pathetic!