Reply #3: I have been waiting for Bank of America to process my loan for HASP since the

[Riley18]

beginning. Now, with the 125% loan to value I have been waiting since July 1st when it was started. BofA is still "waiting" for further instructions from ??? who knows who. The ONLY way this program is going to work for the people it was intended to help is for the government to nationalize the banks or to somehow allow the people to go directly to Freddie Mac and Fannie Mae for the new mortgages. Why would Bank of America or any other financial institution do these HASP loans? So they would get $7,500 from me over the next 3 years...big deal. They get around $24,000 every year from me in interest. If they were to modify my loan according to Obama's plan, they would take a huge hit. They just keep stalling me and calling me to say "If only you were late with a payment, then we could help you." They are "so helpful" that it makes me want to puke.