Insidious: adjective, (of something unpleasant or dangerous) gradually and secretly causing harm. CALLED HAMP?

The recently stolen and recovered sign overlooking the Infamous Nazi Death Camp at Auschwitz  pronounced one of the most INSIDIOUS false promises in history. “Arbeit Macht Frei” which translates “Work Makes Free” or can be translated “Work Will Set You Free”. The sign was placed there by commandant Rudolf Höss. Höss believed that doing menial work during his own imprisonment under the Weimar Republic helped him through the experience. At Auschwitz, the sign was made in 1940 by Polish political prisoners headed by Jan Liwacz (camp number 1010). The upper bowl in the “B” in “ARBEIT” is wider than the lower bowl, appearing to some as upside-down. Allegedly it was made on purpose by political prisoners to make a signal what is really going on in Auschwitz.

Too bad their isn’t a CrOoked letter in the title of  the Making Home Affordable loan modification letter! The letter that homeowners receive when accepted into the HAMP Trial Modification Program. Maybe they would would be fairly forewarned for WHAT they were about to experience!

The Making Homes Affordable Approval letter and plan looks as if it is coming DIRECTLY from the U.S. Treasury. It’s adorned with the OFFICIAL SEAL of the “Special Inspector General” of the “Troubled Asset Relief Program“? The Special Inspector General, Neil Barofsky has the job of auditing all of the banks that receive TARP Money. His Agency doesn’t have anything to do with APPROVING or DENYING your Loan Modification.

So WHY is the Special Inspector General of the U.S. Treasury Seal on the HAMP Loan Modification letters?  

This Letter and SEAL makes it LOOK like the U.S. Treasury is running the HAMP Program…But it’s an “INSIDIOUS LIE”.The Homeowner is FALSLY led to believe that the U.S. Government is behind the Loan Modification Process. The U.S. Treasury is NOT running the loan modification process. The BANKS Are SOLELY IN CONTROL of the Loan  Modification Process!

If you scroll to the bottom of the HAMP Cover page that adorns the Special Inspector Generals Seal you’ll see the label SIG/TARP Fraud Notice. Well the only Fraid here is the FALSE PROMISE of a three month loan trial modification. I can’t help but think how psychologically the homeowner looks at these official looking documents, that appear to be loan documents coming from the U.S. Treasury, and get a false sense of relief that they will be on their way to saving their home. 

The Facts: As of  October 31 per the U.S. Treasury Department, in the Servicer Performance Report for the HAMP program there are 3,299,780 American Homeowners that are 60+ days delinquent in their mortgages and are eligible for the Making Home Affordable loan modification program, . Of those 3,299,780 eligible Homeowners only 697,026 are currently participating in the HAMP Loan Modification Program.

ONLY 31,382Homeowners since March 4th 2009 have received a Permanent Loan Modification! THIS IS NOT ENOUGH!

It’s TIME for the BANKS and the U.S. Treasury to Stop Making FALSE and INSIDIOUS Promises with respect to their efforts to Modify Homeowners in Foreclosure. We DON’T need any more Congressional Inquiries. We DON’T need anymore fancy Government Websites! We DON’T need anymore Phoney Official Seals on NON-BINDING Agreements! Just Modify the LOANS NOW…Before Millions lose HOPE and Lose their homes!

Uppitybanker