FTC Considering Wrong Approach to Protecting Homeowners in Foreclosure from Loan Modification Scams
How long did it take you guys to come up with this dazzling piece of regulatory virtuosity anyway? Don’t tell me this wasn’t the first idea that came up at meeting one, because there’s no way I’m buying. This new rule couldn’t possibly have taken more than a...
Continue reading full storyMANDELMAN’S MONTHLY MUSELETTER ISSUE 6.0
1. Obama Administration touts success with housing. 2. Quotes about Goldman Sachs. 3. HAMP Waiver 4. FHA is Going Down 5. Florida Bankers Draft Legislation...
Continue reading full storyONCE AND FOR ALL, THE ANSWER IS YES. Water is wet, the sky is blue, and you need a lawyer… Period.
So, when an attorney fails to get a bank to agree that it would make more sense to modify a loan… when it would, by the way… and the bank forecloses anyway… let’s blame the people that are actually to blame… the bankers....
Continue reading full storyBooks I’ve Loved Reading… The Great Depression Diary
The Great Depression Diary By Benjamin Roth Benjamin Roth was born in the last years of the nineteenth century, passed the Bar Exam during the Roaring Twenties and was a practicing attorney in 1929 when over a few days in October, everything changed as the stock market’s crash wiped out everyone who...
Continue reading full storyBank of America Forecloses on Florida Home. Big Deal. (Oops, Wrong House.)
They tried and tried to make the bank understand that they should not be foreclosing on their dream retirement home, but the arrogant pricks at Bank of America, or as it ‘s more appropriately called, “The House that Lewis Broke,” let their pleas fall on deaf ears. Nothing could...
Continue reading full storyJournalists on Crack: Are Lawyers Turning to Crime in Tough Times?
Oh for Christ’s sake Miller, don’t you have anything better to do than to scare people out of hiring a lawyer when at risk of losing their home? Because that’s all this kind of crap is accomplishing, don’t you realize that?...
Continue reading full storyReturning Home From Speaking at the ABA’s Consumer Financial Services Conference on Loan Modifications
If any private sector attorney thinks that he or she can practice autonomously, hidden away in a little box, pretending to exist under some sort of imaginary radar… and that somehow federal or state regulators are supposed to know that they’re practicing law in a legitimate and ethical fashion, delivering...
Continue reading full storyLook What Alan Zibel of Associated Press Finally Figured Out
Alan, what are you babbling about… a recovery in the housing market last summer? Are you a crack smoker, Alan? I’m so sick of this kind of propaganda being espoused by know-nothing journalists that it’s making me physically ill. You’re a renter, am I right Alan? ...
Continue reading full storyStrategic Default is a Moral Dilemma. That’s simply adorable, don’t you think?
These days, it occurs to me, there would be even less morality involved in the decision to walk away from a mortgage. I can’t believe anyone actually feels morally obligated to a bank today. Why would anyone possibly feel that way? About a bank? You’ve got...
Continue reading full storyHO, HO, HOmeless… A Sobering View of the Crisis Affecting Us All
And to the homeowners who feel ashamed… who have suffered the indignity of losing a home in silence… this wasn’t your fault. You didn’t break the bond market and send housing prices into a free fall. You didn’t fail to address the problem, or fall asleep at the...
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