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To: Peter V who wrote (223488)	10/4/2009 12:47:53 PM
From: Hoa Hao	Respond to of 306849

Loan rejections like that usually mean that the bank doesn't want to make a loan at the interest rate originally offered. BoA thinks rates are gonna go up??

To: Peter V who wrote (223488)	10/4/2009 1:09:28 PM
From: Cal Amari	Respond to of 306849

So even though Trujillo has already qualified for her pension, and even though it's a BofA pension, the bank won't factor it in until she actually retires and starts receiving the checks. Maybe BofA knows something that Trujillo doesn't -- like maybe BofA does not intend to honor its pension obligations?

To: Peter V who wrote (223488)	10/4/2009 2:09:03 PM
From: Skeeter Bug	Respond to of 306849

>>Simon said these aren't BofA's rules. (Well, actually they are, seeing as it's BofA making and servicing the loan.) He said the rules are pretty much dictated by the secondary market, where banks sell off many mortgages after making them.<< this might not be true. just b/c BofA owns the current loan doesn't mean they won't sell the refi loan. wells did the same thing with my loan - all loans seem to be going to the federal government. this tells me that the big banks don't want to hold loans - even loans with 50% equity. if they know something we don't, what does this telegraph that they know? i think they are betting on significant inflation over the term of the loan.