FORECLOSURE DIARIES: Larry Litton Jr. Testifies before Congress

[janellyparelly]

Wow, I hope you know that man is someone's son, father, & brother.. He is just doing is job which all you fools think is bad, but answer this: if you were as powerful and successful as him to be a President/CEO of a company as big as Litton, wouldn't you take pride in your job & care for it?

Yes a lot of people have had horrible experiences but what about the thousands Litton Loan Servicing helped? Everyone loves talking about the negatives.

No, I don't work at Litton, but I do know how the

[ANGRYEYEBROWS]

That microphone must have a bull$h!t censor.

[lisalrocks]

Litton Loan is EVIL. PURE EVIL. They are bullies, scammers and liars! Stay away!

[bigdoggflorida]

This is why our country is in the shape it is !!! Everything out his mouth is a BIG AZZ LIE !! But our Government don't even want to hear us !!!!!

[pusssykatt1]

I appreciate your thoughts about fighting but I have to wonder what I'm fighting for. By the time I'm done fighting there won't be any equity left in my home. It's all a huge conspiracy between the government and the banks...targeted at the people who feed them. One of which is me.

[pusssykatt1]

After they sent me into foreclosure...they dangled the modification carrot in front of my face. It took aprox. 5 months to receive an answer. It was no. "I had too much equity in the home" 5 more months of being in the hole with late fees attached to that. Coming out of my foreclosure cost me 18,000!!! most of which were fees! This is a crime beyond anything imaginable and the government does nothing!

[pacfilm]

You need to tell your story; produce any paper trail you have. If you live in a state governed by single party consent, record all your calls with the Litton fools. Get yourself an attorney up on foreclosure law... and, don't complain: fight! There's lots of people hip to what Litton is doing. Litton is on the regulatory radar screens and the foreclosure mills that the company uses are themselves getting trashed. Even Litton employees are now coming out of the woodwork with tales of woe

[pusssykatt1]

I have Litton Loan and they have eaten up all of the equity in my home. I went into foreclosure and they gave me a repayment plan. I made all the payments but they continued to attach late fees to my account and disbursed monies not to the principal but towards late fees. They also held money in separate accounts until they decided where to distribute. I have had my repayment plan for over a year and they have just canceled it because they said I was late. This is after charging the account.

[pacfilm]

Thanks for the comment. Litton is in in desperate straits trying to bring in enough revenue to keep their masters at Goldman Sachs happy. But there's trouble abrewing for Litton's senior management with more of their employees beginning to spill the proverbial beans.

[pacfilm]

There's no happy Christmas in Houston. If you're on Facebook, consider joining "Friends" of Litton Loan Servicing. We're a community of people in a similar situation, but we're organized -- with a plan. Larry "Blake" Jr, hopefully, will be pleading his case before a parole board in the not too distant future.

[0808yxa]

This greedy piece of shit is a goddam liar. I hope he and his father die of disease...

[0808yxa]

asd

[0808yxa]

This greed piece of shit is a fucking liar I hope he and died of disease...

[tubemovies2010]

Don't trust what you hear! It is NOT true!! I have been trying to get my loan modified with Litton for about 2 years and they still keep giving me run around. It is UNBELIEVABLE that the CEO of such a company goes in front of the Congress and lies outright.

DON'T TRUST THEM.

[grbaker2]

I am sure this not come as a surprise to anyone here, we have been trying to modify our loan with Litton since July of 2008. Naturally, as everyone says, they approved us, we were in the trial period then they changed their mind and now they are threatening to sell the house. I lost my job, switched positions, to get a more secure income versus commission based and my wife lost her job. She has since found a new job but no luck. Under SOX, why doesn't the SEC investigate?

[pacfilm]

grbaker...  Litton is in a bit of a bad way; layoffs, incompetence; micromanaging from Goldman, and Geithner/Treasury breathing down their back. They are like the rats being backed into the proverbial corner. BTW: if you're on Facebook, request admission to "Friends" of Litton Loan Servicing. Lots of information you might find useful... Also, people who are sharing your problem.

[FatPapaKahn]

I have been attempting to get a modification for almost 2 years now. They have no interest in helping and their representatives are rarely informed or intelligent, and almost always are hostile and rude. This company has left a lasting hate and sense of distrust lingering in my life. I will not soon forget what they did to me and hundreds of thousands of others.

[pacfilm]

@FatPapaKahn I think you'll find the next few months interesting regarding both renewed interest by the media, and by Congress, in the work of sleazy servicers like Litton. They are the one link in this whole chain of Wall Street blame that hasn't yet received the attention they deserve. Hopefully, places like Allenwood USP will have enough "openings" for a new crop of senior managers like Larry-boy.. If you want to commiserate ask to join "Friends" of Litton Loan Servicing on Facebook

[pacfilm]

They're not modifying anyone's loans, which is why they're headed into the crapper along with their owners at Goldman Sachs

[Indians3369]

Won't modify my loan. Did he say asset manager or asshat manager@ the 3:48 mark?

[rcfreak7777]

the problem also is that many of the congress, senate, and house of rep. got campaign money from goldman sach. the congressmen asking the questions are put there by goldman sachs. it a farse! Just a show for the abc, ndc, cbs, cnn news. Spinning in the greatest fashion. very few you can trust in our government any where. Clinton, hillary, bush and now Obammy are part of the goldman sach consperacy.

[rcfreak7777]

@rcfreak7777 go to youtube gleen beack goldman sach consperacy

[shreddybits]

74 Billion dollars worth of -product-.

Not HOMES.

Not fucking houses that families live in.

A FUCKING COMMODITY THEY SELL ON WALLSTREET.

Fuck this piece of shit. I hope he gets the most aggressive, painful form of cancer and fucking dies a slow, horrible death.

[circuitmob888]

they forclosed our house N then bought it themselfs .they should have told us sooner about the so called error way back in sept ...i looked up littion loan on gooogle and they are doing this to all kinds of people ..they put ur pappers on the botton of the pile and befor u know it .its to late to fix anything ..its called stacking..so now my hard working parents who always WORK for a living .never asked for shit ....N all these section 8 houseing wellfair people get a free ride off our taxes !

[circuitmob888]

all i knoe about litton is ...they want u to loose ur home ...they told my parents that there was an error on peace of paper in sept-17-2009 ....its is now march9-2010...my parents have been payin the loan off on time !! ,,, last week they said there was an mistake on some paper .and they have been holding are money for 5five mounth...and they sold are house...with out even telling us SHiTT.TRUE STORY

[77hyunam]

Mr. Litton... U sure you are so proud of what you are doing? to those who are suffering to get reasonable Loan Modifications from you?