ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

OneWest is OneEvil Bank

Updated on July 25, 2013

A Small but Mighty Protest

Well our National Shame IndyMac/OneWest Day held on January 4th did not exactly strike fear in the cold hearts of the investors of OneWest/OneEvil Bank. Our turn out of protesters was not what we had anticipated.

We were a small group but we were a verbal bunch. It did feel good to voice our anger. What better way to relive some stress (other than doing you know what) than to scream at a banker?

I know that many of you were with us in spirit. Thank you for sharing your stories with me. It helps in a small way to know we are all going through this together. We are not in this position because we are stupid or foolish. We are here because of Wall Street greed and two Presidential administrations that supported unconditional bail outs to fat cats while leaving Main Street floundering.

I do have to acknowledge OneWest management did graciously come outside to meet personally with us and I hand-delivered a stack of emails from those of you who emailed me your stories. Mr. Tony Ebers, the CEO of OneWest promised to read each email and contact those customers. I truly hope, for all of us, that we are not being led down another path of frustration with empty promises of loan modification. Ebers stressed to us that OneWest takes "loan modification seriously" and that their "team meets every week to go over their loan modification procedures". When asked how many loan modifications are being done by OneWest, Mr. Ebers said "every 1 in 4 loans we review is modified". That would mean 25% of all OneWest loans are being modified?! I find that hard to believe. Statistics and everything I read would indicate the percentage is much lower, like 1%. We asked Mr. Ebers to give us names of customers we can contact who actually got their loan modified and we mean in a real meaningful way not some reduced payment for a couple of months or knocking off $100 for the lifetime of the loan, we mean something truly meaningful and realistic. He promised to get back to us with the information. Still waiting.

Yesterday I was contacted again by the "Customer Experience Analyst" and she is asking me to complete yet another loan modification package. This will be my 5th time. I really hope Mr. Ebers was not giving us lip service in an effort to get our little group to disperse from the front of the bank.

They say "hell has no fury like a woman scorned". OneWest will surely feel that fury if they continue to jerk me around. Never being one to run away from a good fight, a friend of mine said the other day about OneWest "they have no idea who they are messing with", let's hope for their sake, they don't get a chance to find out!

Ironically this OneEvil Bank has a new slogan: "Personal Banking is Now Back in the Neighborhood". I find that sad and funny at the same time. OneWest is systematically destroying my neighborhood and many others across the country. "Back in the Neighborhood"? Our neighborhood is going....going....GONE!

FOR MORE ON ONE WEST SEE MY OTHER HUBS:

Check out my other hubs: http://askme.hubpages.com/hub/My-Personal-Hell-Known-as-Loan-Modification-Part-2

http://askme.hubpages.com/hub/OneWest-aka-One-Evil-Bank-Did-they-sell-your-home-too

UPDATE: OneWest gave us a loan modification. We read all the documents, signed and agreed to pay the modified amount. We paid on time as agreed for a year. OneWest then changed the agreement, upped our mortgage doubling it. The modification only put us deeper in debt to OneWest and finally we had no recourse but to plan a strategic walk away, which we did over a year ago.

President Obama's "Making Home Affordable" never worked for us or the majority of middle class Americans.

A few things I learned: If it sounds too good to be true, it is. Never mess with a traditional mortgage for the immediate results. Stick with your original agreement. Only the banks profit from your ignorance.

Comments

    0 of 8192 characters used
    Post Comment

    • Askme profile imageAUTHOR

      Pritchard 

      8 years ago

      Ronald, YES let's start with kick Barbara Boxer to the curb! Her pal Diane Finestine, then Pelosi and Reid. Elitist A--holes gotta go!

    • profile image

      ronald 

      8 years ago

      We should vote all government people in office OUT im june. They are not doing a thing to help us

    • Askme profile imageAUTHOR

      Pritchard 

      8 years ago

      These days you don't know who to trust anymore. I hope your story will, soon, have a happy ending>>>Cameciob

      ME TOO. It's a nice thought, thank you!

    • Askme profile imageAUTHOR

      Pritchard 

      8 years ago

      Pmccary:" These "too big to fail" entities careless about main street, and they get "it" they just don't care, it's all about them and it will continue to be about them. I thought at first that bailing them out would help us all, but alas again you and I, the hard working taxpayer, take it up the tailpipe, We should have let them all just fail.""

      I AGREE!! Being a small business owner, if I fail, I FAIL. No one is going to give me a bail out! And, I certainly do not deserve a huge bonus if I drove my company into the ground. It's insane.

    • Askme profile imageAUTHOR

      Pritchard 

      8 years ago

      yesterday I started filling out the loan modification package for the 5th time, then got pissed off. Nothing in my financial situation has really changed. My original loan modification request took 4 months to receive the vague denial. Indy/OneWest denial letter stated my income had something to do with the denial but they refuse to tell me if my "income" is too high or too low. I feel like completing more idiotic paperwork is just setting me up for another denial especially since OneEvil refuses to disclose what their guidelines for approval of a loan modification is. I mean even when you apply for a traditional loan, they tell you right away if you are or are not approved and the reasons. If approved they usually say it is contingent upon A, B or C being provided. I feel I am wasting precious time refilling out paperwork already sent 4 times previously. Trickery and failure to disclose specifics is BAD FAITH in my book.

      I am not stupid, neither are any of you. In my own situation, I am educated. Have always worked hard. Had a 750 fico when I sold my prior home and bought the current one 7 years ago. The only stupid thing I did was re-fi from a 30 yrs fixed that was at 5% into an option adjustable. I wanted to take advantage paying interest only or the full amount so that I could have extra cash flow monthly when needed. The extra money was spent reinvesting in additional income property. My husband and I already had 2 properties in Orange County, CA then bought 4 more in Dallas, Texas. We also purchased our own franchised business and became self-employed.

      My loan with OneWest is not really a problem, my problem is the forced escrow account they imposed on me in July, 2009 when they paid my outstanding property taxes that I had been given an extension by the county. And, the tax payment was one thing, it was the nebulous "shortfall" OneWest also added without giving me any itemized breakdown of how they arrived at the "shortfall" it came to $23,000 they wanted in a lump sum or pay an additional $2300 per month on top of my mortgage and pay it off in 12 months. They REFUSED to work with me on a more reasonable repayment plan.

      I met a woman the other day at the OneWest protest, mother of 2 and also a smart self employed woman. She's done everything she can think of to work with OneEvil Bank, from driving 8 hours from LA to Phoenix for a NACA seminar, standing in line for hours in the pre-dawn, only to meet with a NAC counselor to be told "oh OneWest will not work with us".

      Tony Ebers, Brenda Diaz, George Soros, Michael Dell, et al really do not know who they are messing with--the OneWest customers I have spoken with are NOT stupid and don't give up without a bloody fight.

      Like "IndyMac Sucks" says " Enough is enough. OneWest is playing with fire and about to get burned." AMEN!!!

    • profile image

      IndyMac Sucks 

      8 years ago

      You know I am with you.

      I also got an email today from some Brenda Diaz but at the same time I got a call from the foreclosure department saying they would send us a foreclosure notice on January 19.

      I don't trust these people anymore. In all likelihood, it is going to be another trial modification package to get money from us while they scam and screw us out of our house by foreclosing us at the same time.

      I am getting all legal documents ready, contacting attorneys, the state attorney general and my elected officials. Enough is enough. OneWest is playing with fire and about to get burned.

    • cameciob profile image

      cameciob 

      8 years ago

      I red your previous hub and I came back to read what had happened. I do not understand: is this bank interested to take over the neighborhood? Looks like they misslead the people, looks like a scam. These days you don't know who to trust anymore. I hope your story will, soon, have a happy ending.

    • pmccray profile image

      pmccray 

      8 years ago from Utah

      Great hub...but unfortuantely you can't strike fear in those that are heartless. IndyMac has the worse record of all the failed entities of assiting their troubled borrowers out of programs they conned then into. I've been a loan processor for 16 years and IndyMac had too good to be be true easy qualify programs, interest only and now that their borrowers need help none is forthcoming.

      I recently completed a hub regarding the greed of this decade and it sickens me to see that after all that has happened some of the CEO's and their families are fat as ever, and indignate over some small sacrfices they've had to make because their money tree is gone.

      These "too big to fail" entities careless about main street, and they get "it" they just don't care, it's all about them and it will continue to be about them. I thought at first that bailing them out would help us all, but alas again you and I, the hard working taxpayer, take it up the tailpipe, We should have let them all just fail.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)