Hard to believe the Feds cannot shut down, and the phone companies cannot block phone service to the worst illegal fax scammer on the planet.

not the same company, do your research buddy

or full financial overview of other financial programs Please see our subsidiary programs at www.nebgroup.org or call (888) 341-8999 or (888) 557-0111 (for professional assistance in dealing with home retention for all US banks and lending institutions. Be advised that "Retention ?programs are only for those borrowers who are experiencing serious financial hardships in relation to home mortgages.






Special Report Mortgage Meltdown






Mortgage industry grilled in Washington
House panel probes just how much lenders and loan servicers are doing to keep troubled borrowers in their homes.
House panel probes just how much lenders and loan servicers are doing to keep troubled borrowers in their homes.



Breaking down the housing rescue

NEW YORK (CNNMoney.com) -- A key House committee grilled home lenders and housing advocates on Friday about mortgage industry efforts to work out affordable loans for troubled homeowners.
The House Financial Services Committee heard from executives at two big lenders: Michael Gross of Bank of America Corp. (BAC, Fortune 500) and Mary Coffin of Wells Fargo & Co. (WFC, Fortune 500) Also testifying was Faith Schwartz, the executive director of Hope Now, an industry alliance of lenders, loan servicers and housing counselors.

The House Financial Services Committee is chaired by Rep. Barney Frank, D-Mass., who has led the House's legislative response to the housing crisis. On Wednesday, the House passed sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500). The Senate is expected to vote on the bill on Saturday.

"Reducing foreclosure is an essential matter of justice and an essential matter [for the economy as well]," Frank said in his opening remarks.

He also urged lenders and loan servicers - the middlemen that administer and collect payments on the loans - to inform the committee of any barriers to their foreclosure prevention efforts that still exist after the bill takes effect in October.

"There are no silver bullets," he said. "I'm not the Lone Ranger. If there are obstacles, tell us. And we will do the best we can to remove those obstacles."

A pledge to help
Bank of America's Gross said that the bank will modify and work out at least $40 billion in mortgages by the end of 2009, helping about 250,000 troubled homeowners.

"We know that consumers who are experiencing financial challenges, but who ultimately have the ability to repay their loans, often need our help to stay in their homes," Gross said. "We are ready to help them. We do so because no one benefits from a foreclosed home."

Many critics of the mortgage industry have charged that lenders and loan servicers are dragging their feet when it comes to helping at-risk mortgage borrowers.

But David Kittle, chairman-elect of the Mortgage Bankers Association, said that wouldn't be in their best interest. "It makes good economic sense for mortgage servicers to help borrowers who are in trouble," he said. "Foreclosure is a lengthy and extremely costly process for the industry and, generally, a losing financial proposition. Several independent studies have found the losses to be quite significant: over $50,000 per foreclosed home or as much as 30 to 60 percent of the outstanding loan balance."

More Modifications

Gross told the committee that Bank of America is making more substantive workout offers than in the past, and is doing far more mortgage modifications - which permanently change the terms of a loan to make them more affordable - rather than just granting borrowers repayment plans.
"Loan modifications have become the predominant form of workout assistance," he said. Seventy percent of all of Bank of America's workouts this year were modifications, he said, while 14% were repayment plans.
But that's not enough, according to Janet Bowdler, who testified on behalf of the National Council of La Raza, a Hispanic civil rights organization. "Current efforts are falling short," she said. "While there are reports that loss mitigation activity by servicers this quarter is up from previous quarters, these loan modifications continue to lag far behind market demand."

Indeed, foreclosures are growing at a faster rate than mortgage workouts, according to the most recent data from Hope Now. Meanwhile the housing crisis continues to deepen.

Home prices have plunged 15% nationwide over the past 12 months, according to the S&P/Case-Shiller Home Price Index. More than 340,000 borrowers have lost their homes to foreclosure during the first six months of the year, up 136% compared with the same period in 2007. The number of homeowners in default during the same period rose to 1.4 million, up 56% from a year earlier.

The housing rescue bill should help break the cycle, and lenders and loan servicers are promising to do more to keep borrowers in their homes.

Discussing the housing bill
To that end, Frank asked the servicers whether they felt had sufficient legal authority under the new bill to help borrowers, without having to worry about lawsuits brought by people who invest in the pools of mortgages that lenders securitize.

In the past, servicers have said they they are afraid to change mortgage terms because that would violate the contracts that they have with investors.

But Wells Fargo's Mary Coffin replied that the servicers absolutely had the authority to modify loans under the bill, as long as the modification maximized profits for the investors.

Frank also noted that the housing bill won't take effect until Oct. 1 due to budgetary constraints, and said he was concerned that many homeowners might lose their homes in the interim.

"I am urging the mortgage servicers to hold off on foreclosures in applicable cases so borrowers can take advantage of the program," he said.

Representative Mel Watt (D-N.C.) broached the subject of predatory lending, which is not specifically addressed in the pending legislation. He asked the eight witnesses whether they thought that legislation to combat abusive lending practices, like putting people into loans that they could clearly never afford, merited its own piece of legislation.

Seven of the eight panelists agreed such legislation was necessary. Bank of America's Gross said that his company supports a national registry of loan officers and brokers that would do background checks and credential anyone originating loans. The eighth witness, James Barber, chairman of Virginia-based mortgage lender and servicer Acacia Federal Savings Bank, who represented the American Bankers Association, had no opinion.




Freddie aims to slow foreclosures
Mortgage financier to offer increased payments to loan servicers in effort to increase mortgage


President signs housing bill



NEW YORK (AP) -- Freddie Mac is doubling the amount of money it pays loan servicers for each successful mortgage workout among other measures to keep struggling borrowers out of foreclosure, it said Thursday.

The mortgage financier is also giving more time to negotiate workouts in states with fast foreclosure processes and will reimburse servicers for door-to-door outreach.

Freddie will pay $500 for each repayment plan and $800 for each loan modification on Freddie-owned mortgages. Servicers will receive $2,200 for each short sale where Freddie accepts less than the full amount owed on the mortgage.

In some states and Washington, D.C., the government-sponsored entity will give up to 10 months from the due date of the last payment to find sustainable workouts for strapped borrowers. These states allow a lender to foreclose in less than 10 months.

The affected states are Alabama, Alaska, Arizona, Arkansas, California, Georgia, Hawaii, Maryland, Michigan, Minnesota, Mississippi, Missouri, New Hampshire, North Carolina, Rhode Island, Tennessee, Texas, Virginia, West Virginia and Wyoming.

Freddie also will reimburse a servicer up to $15 per mortgage for leaving a door hanger and up to $50 per mortgage for knocking on a door that results in the borrower contacting their servicer.

These new policies go into effect Aug. 1. The outreach reimbursement expires March 31, 2009.

Shares of Freddie (FRE, Fortune 500) fell 25 cents, or 2.9%, to $8.48 in midday training.

First Published: July 31, 2008: 12:41 PM EDT

795 Folsom Street

SAME GUY
First Floor
San Francisco, CA 94107
ph: 888-674-8999
fax: 800-948-4402
Biofuels Internationals executive team

Tim Gibbons

United States, Biofuels International Investor, Branch Partner of U.S. Benchmark Mortgage Bank, Winton California and Chief Executive Officer of US operations National Employee Benefits Group; Brings 20 years experience in financial operations, corporate development and marketing. Responsibilities include company management and structure, international strategies and investor relations.

Mr. Gibbons experience in Fiji goes back many years in which he played a vital role as a CEO in the Fiji Telcom business. Mr. Gibbons led major debate in the restructuring of international calling charges for the country. As an outspoken activist and CEO his company reduced calling charges in Fiji by nearly 80%. He is credited by many as being the driving force that created Fiji's major push to deregulate and open the Telcom markets in Fiji.

Mr Gibbons relationships with government leaders and his reputation with the people of Fiji as a pro people leader has enabled this Biofuel project to get national recognition as a fast tracked project with government endorsement.


Please email all inquiries to:

customercare@biofuelsonline.net
sales@biofuelsonline.net
investorrelations@biofuelsonline.net

ur right thier gone to figi where the long arm of the law doesn't reach
just see vonloss above the google his info with fiji

another bogus spam fax for a "Financial Assistance Program"

I have read through the blogs and I am baffled at the idiotic sources you people rely for your information. I had my loan re modified thorough this company and its legitimate.
The person speaking about " Medical and Vacation offers" is wrong, that company is National Benefits Group and has no affiliation with "Nebg" as I have acquired.
They are now resolving my debts and I and I have almost completed the 24 month program which out of 5 cards, there is 1 remaining to resolve. So I have used there services for both mortgage and personal debts with more then satisfied results... Use your sources wisely people and refer to BBB... They hold a B plus rating with 3 complaints, that have been resolved...  
Sorry, just needed clear this because they did a wonderful job for me.

This is happening all over, to make us believe someone out there cares about our financial
problems, DON'T fall for it, just a ploy to organize us against the real people that want
America back. AThese people are bad and should be prosicuted to the fullest.
Exactly What we are being warned about, someone with all the answers and no
sacrafice by us is good for them not us. Don't fall for it people. Nothing is free, it's going to take all of us to stand up and not take it anymore.

Looking at the fax again,they actually used a different #, my fax recieved it from 202-403-0515

Wow, close call I was gonna give them a call and thought they sounded like the benefits group that solicits me through the fax all the time. Thanks for the info., nothing like getting kicked when you're down, sounds like I dodged a bullet.

The criminal who owns nebgroup.org is (unless it's fake, of course; the phone is a cell number):

Admin Name:tim gibbons
Admin Organization:tim gibbons
Admin Street1:1560 youd road
Admin Street2:
Admin Street3:
Admin City:winton
Admin State/Province:CA
Admin Postal Code:95388
Admin Country:US
Admin Phone:+1.2095856733

REC'V THEIR FAX THIS MORNING SO I CALLED THEM, EVERYTHING SOUNDED LEGAL TOLD THEM HOW MUCH I OWED THEY FIGURED THE AMOUNT FOR MY PAYMENT AND I WAS READY TO COMMIT, IN FACT I'M WAITING FOR THE PAPERS TO COME THRU MY E-MAIL.

OMG THANK YOU FOR THIS PAGE.   I'M CHANGING MY MIND.

I sure am grateful my mind guided me here before I bit the hook.

Their fax woke up my household at 7:00am this morning.  I am on the Do Not Call list.

"Financial Assistance Program" fax received. Googling the phone number brought me here.

This appears to be the same group that offers discount medical or vacation, both are scam to get at your financial information and / or your money. This is the second unwanted FAX from these people at this number.  I have traced them through numerous toll free numbers that they rotate between in order to slow down FCC tracking and crackdown.

I also got this unsolicited fax (not legal in my state). No physical address, just similar website and email (I didn't check them, just assumed they were illegitimate because of the nature of the fax).

i was sent a fax today. i called the number 888-341-8999 and acted like a bumbling idiot to take up their time.
web link www.nebgroup.net, e-mail  customercare@nebgroup.org. call them up and pull their chain

"Financial Assistance Program" fax received. Googling the phone number brought me here.

This appears to be the same group that offers discount medical or vacation, both are scam to get at your financial information and / or your money.

"Financial Assistance Program" fax received.  The website www.nebgroup.org DOES NOT EXIST, and Googling the phone number brought me here.

For those really interested in assistance, there is an actual National Employee Benefits site that works with creditors and people who are having financial hardship.  Their website is:

http://nationalemployeebenefits.org/