http://www.mortgagenewsdaily.com/10172007_Paulson_Housing.aspSecretary of The Treasury Henry M. Paulson , Jr., is in danger of becoming a household name in the midst of the sharp housing downturn. "The housing decline is still unfolding," the Secretary said, "and I view it as the most significant current risk toenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/10172007_Paulson_Housing.asp#9143Thu, 18 Oct 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9143anonymousI have tried contacting the servicing co. ASC claims to be Wells fargo. I started calling them on Aug 15 because my mortgage was about to adjust on October. I called everyday until to this day and I was denied twice for a loan modification, because they stated that I can afford it. How can I afford it if it went up $1000 more and my property tax are not even impounded. My original monthly payment was at $4300 80/20 98% LTV and it is appraising very low. I need help!!! <div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9143" width="1" height="1">http://www.mortgagenewsdaily.com/10172007_Paulson_Housing.asp#9142Wed, 17 Oct 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9142eddye walkerThanks Dennis for your response regarding the unforturnate homeowners who will also be loosing their homes not due to sub prime loans but due to greedy servicers and lenders, adding more money than needed for escrow accounts.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9142" width="1" height="1">http://www.mortgagenewsdaily.com/10172007_Paulson_Housing.asp#9141Wed, 17 Oct 2007 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:9141DennisThis is all well and good. You can talk to a servicer or a lender but it will not resolve the issue until they come to the plate and come up with some serious solutions to a borrowers misfortune.....<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=9141" width="1" height="1">