December, 2009

Treasury Buys More Time for HAMP Modifications… I’m Not Surprised

Treasury Buys More Time for HAMP Modifications… I’m Not Surprised

In other words, unless you applied for a loan modification related to an apartment building or something like that, you can’t be cancelled before the end of January.... (Continue reading)

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Mortgages Over $1 Million Now Defaulting at TWICE the National Average

Mortgages Over $1 Million Now Defaulting at TWICE the National Average

Those words hold true whether you’re living in a three bedroom, two baths in Stockton, or a 7,500 square foot palace overlooking the ocean in Newport Beach. In fact, Bloomberg reported yesterday that mortgages over $1 million are now... (Continue reading)

First Premier Bank Credit Cards… Now at 79.9% Interest!

First Premier Bank Credit Cards… Now at 79.9% Interest!

Yes folks, it’s true… the banking lobby strikes yet again. No limit on interest rates charged by credit cards. It’s funny too, because I could have sworn there was a cap of 390% voted in, but maybe I... (Continue reading)

Testimony Before Congress: The Private Sector and Government Response to Mortgage Foreclosure Crisis

Testimony Before Congress: The Private Sector and Government Response to Mortgage Foreclosure Crisis

Don’t you get it yet? No one is buying your “trial modification” crap anymore. Trial modifications are scary as hell. The term “trial modification” is nothing more than a euphemism for “your house sold at auction yesterday”.... (Continue reading)

Federal Reserve Issues Directive: Regulation B’s Adverse Action Notice Applies to Loan Mod Denials

Federal Reserve Issues Directive: Regulation B’s Adverse Action Notice Applies to Loan Mod Denials

Assuming you’re an attorney or a homeowner who has lost a home and didn’t receive a letter from your slender or serrvicer explaining why you were declined for a loan modification, within thirty days of being declined, I believe the... (Continue reading)

Obama and Bankers Meet at White House

Obama and Bankers Meet at White House

Oh, you know what… stop treating me like I’m a stupid child… the banks are NOT back on their feet in any way, shape, or form… period. In fact, the banks have the same problems they did a year... (Continue reading)

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CONGRESS: It’s Not About Right and Left Anymore… It’s About Right and Wrong.

CONGRESS: It’s Not About Right and Left Anymore… It’s About Right and Wrong.

I looked up Ms. Bean… it was easy, like falling off a blog. Melissa received at least $515,438 from banks and other financial institutions, including most notably JPMorgan Chase, Morgan Stanley and Bank of America. That’s a half... (Continue reading)

T’was the Night Before Christmas-2009

T'was the Night Before Christmas-2009

Each year, right about this time, I write a political year-in-review, which is read to T'was the Night Before Christmas. Hope you enjoy it and that you have a fabulous season.... (Continue reading)

Obama’s Plan to Create Jobs – I’m sorry, what am I missing here?

Obama’s Plan to Create Jobs – I’m sorry, what am I missing here?

He also said that he and congressional Democrats took "a series of difficult steps" to try to stabilize the financial system and pull the economy out of a deep recession, and I guess that it probably was difficult to do... (Continue reading)

CONTACT CONGRESS: Support Judges Modifying Mortgages NOW! Otherwise, It’s All Up to the Banks.

CONTACT CONGRESS: Support Judges Modifying Mortgages NOW! Otherwise, It's All Up to the Banks.

Click the button below NOW. There is literally NO TIME TO SPARE... You don't even need to know your representative's name. All you need to know is your own name, address, phone and zip code. The letter... (Continue reading)

EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW… SAVE BANKRUPTCY REFORM!

PLEASE TAKE TIME NOW TO contact your friends, family and business associates... stop whatever your staff is doing to give them time to call in. Put it on your Facebook pages, on your LinkedIn pages, Twitter it... re-tweet it! ... (Continue reading)

BREAKING NEWS: Amendment Allowing Judges to Modify Mortgages to be Included in H.R. 4173 – Wall Street Reform and Consumer Protection Act

BREAKING NEWS: Amendment Allowing Judges to Modify Mortgages to be Included in H.R. 4173 - Wall Street Reform and Consumer Protection Act

We need judges to be able to write down mortgages on primary residences because the banks aren’t doing it voluntarily, the administration’s Making Home Affordable plan isn’t working, and the result continues to be millions of foreclosures that are destroying... (Continue reading)

Spotlight On: Mark Zanides, Attorney at Law

Tweet Mark Zanides Attorney at Law Attorney Mark Zanides is the managing partner of a firm he started to help other lawyers process and negotiate loan modification agreements with lenders and servicers.  He also takes on some number of clients... (Continue reading)

The People of the United States v. Wall Street’s Bankers

The People of the United States v. Wall Street’s Bankers

As I’ve watched the economy deteriorate over the last two years, I have been amazed and bewildered at our government’s response, or lack thereof. And the more I’ve learned, the worse I’ve felt about our ability to fix what... (Continue reading)

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Making Home Affordable Program: Treasury Finally Admits IT’S A DUD!

Making Home Affordable Program: Treasury Finally Admits IT'S A DUD!

As a nation, we don’t want to modify mortgages for the benefit of those in foreclosure, we need to modify mortgages for the benefit of those not yet in foreclosure. Or in other words, don’t modify my neighbor’s mortgage... (Continue reading)

THE JURY IS IN: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever

THE JURY IS IN: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever

I don’t know about you, but 1700 out of 650,000 makes me want to believe that the 1700 were mistakes that slipped through. It makes more sense to think that the HAMP program was designed to create foreclosures… and... (Continue reading)

Obama Administration Gets Tough, Sec. Barr Says Banks Won’t Get a Nickel Until Permanent Modifications Are Done – LMAO

Obama Administration Gets Tough, Sec. Barr Says Banks Won't Get a Nickel Until Permanent Modifications Are Done  - LMAO

So, how many chances are we going to give these ineffectual fools before we storm the castle? G.W. Bush and Hank Paulson totally blew it. Now Obama and Geithner have somehow managed to under-perform their abysmal track record.... (Continue reading)


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