Here is why the banks and other lenders don't want to negotiate

They don't give a damn. The Federal Reserve System is set up as the biggest ponzi scheme in mankind's history and average working folks are always the victims. As soon as your loan for your mortgage was approved, three days after you receive your money, the lender receives the amount of your loan PLUS the amount of the interest you are going to pay on your loan over a 30-year period. The lender gets the entire amount up front from the Fed and then pays back the Fed at a very, very low rate. To make it simple, lets say you get a mortgage loan for $100,000. The lender gets $300,000 from the Fed to cover your loan plus the interest for period of the loan. The lender takes the extra money and invests in other lending devices (credit cards, loans, business loans etc. auto loans). So lenders are not really interested in negotiating your about-to-be-foreclosed mortgage because they have already received their money from the Fed. The lenders are not really "losing" money on your foreclosed property until the taxes exceed the amount over the money they already received from the Fed...years away. That is why so many people are NOT being helped with their foreclosures. It's a nasty little secret you attorneys and lenders won't tell you. Many times the attorneys are being paid off to and the mortgage holder is left out in the cold with no good credit record to start over again. Once a person has gone through foreclosure, your credit is shot as I found out when trying to help my daughter try to rent an apratment after her home was foreclosed. Until the foreclosure, she had perfect credit, around 700. The forclosoure judgement took it right down to 560. The lenders would not even help with restoring the credit rating eventhough they have the property. You folks can check this info out for yourselves. But the Federal Reserve ponzi on home buyers is nothing short of criminal. I don't even know who to go to get attention for trying to change the laws. Everything favors the money-changers and your attorney is most likely working with them and not for you. So if you are wondering why the OBAMA aid to the housing crisis is not working...now you know!

pays investors all the principle and proceeds of a mortgage loan upfront.

Edited to add: Most foreclosures occur because the borrower has not been able to prove they can repay during or after a modification and the MI company has refused to accept what payment they would have to make in a short sale.

that's all I can say.

is something to learn about. Some actions may even be illegal but nothing is ever done about it.

:rofl: