Monday 23rd December
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The 55¢ Campaign and Why YOU Should Support It NOW, before Election Day
Written on 18 Sep, 2020 at 14:42
Will the Post Office be able to handle the unprecedented number of mail-in ballots expected? Here's what you can do to ensure your vote gets counted.... (Continue reading)
A Podcast with David Andelman of CNN and USA Today…
Written on 8 Sep, 2020 at 15:55
I watched David on television when I was a teenager, standing in front of the White House, as the correspondent for CBS Evening News. There's no question about it... he's a very smart guy who has seen an amazing amount... (Continue reading)
Podcast: Attorney Tom Cox on How to Handle Mortgage Forbearances
Written on 29 Aug, 2020 at 15:07
What if you accept a forbearance and don't make your $2,000 a month mortgage payments for six months? Is this going to be a problem for millions of homeowners? ... (Continue reading)
From Forbearance to Foreclosure? A Real Home and Business Owner Podcast
Written on 18 Aug, 2020 at 14:33
But, forbearance is not forgiveness. At some point the money has to be paid back. The question for millions of Americans today is: How?... (Continue reading)
A Realistic View of the Economy Ahead – Part 2
Written on 18 Aug, 2020 at 13:06
I realize the media is saying that "there are signs that our recovery is slowing," but that's just a bunch of nonsense. This is not a time to live in denial.... (Continue reading)
Attorney Max Gardner on the U.S. Economy Today – A Mandelman Matters Podcast
Written on 11 Aug, 2020 at 14:10
Max Gardner is widely recognized as the top consumer bankruptcy attorney in the country. If there's anyone's view on the U.S. economy today that I'd want to hear now... it's Max's for sure.... (Continue reading)
VIDEO: What is a Reverse Mortgage? And why consider one now.
Written on 10 Jun, 2020 at 12:24
What is a reverse mortgage, really? The simple fact is that if you had a HECM, and you were to make payments each month like you do on your current mortgage, it would operate much like your current mortgage... (Continue reading)
VIDEO: What We Know and Don’t Know About the Economy
Written on 10 Jun, 2020 at 10:48
Credit is tightening significantly, over 4 million homeowners have stopped making mortgage payments and some 40 million are un- or under-employed. So, what can you do to protect yourself going forward? ... (Continue reading)
Memo to Really Rich People: Just Shut Up.
Written on 20 Apr, 2020 at 15:20
Billionaire David Geffen completely humiliated himself last weekend when he decided to tell the world how he’s escaping to the Caribbean to avoid Covid-19. His Instagram post read: “Isolated in the Grenadines avoiding the virus. I’m hoping everybody is staying safe.”... (Continue reading)
Why EVERY Attorney Needs to Know What HECM Means
Written on 11 Feb, 2020 at 15:39
I've had attorneys tell me that it's not their job to know about such things, but I think that's wrong. If your job is to solve problems then I think it is your responsibility to know about the tools that... (Continue reading)
HELOCs are Bad for Older Homeowners. Better Options Exist
Written on 5 Feb, 2020 at 17:08
The PLOC costs about the same as the HELOC and the interest rates are competitive, so why would anyone considering a HELOC not choose the PLOC instead? There's only one reason I can think of... they simply don't know.... (Continue reading)
Merrill Lynch Proves Clueless on Use of Home Equity in Retirement
Written on 3 Dec, 2019 at 15:06
The HECM program and other reverse mortgages are specifically designed for retirees looking to access their home's equity. For Merrill Lynch not to mention the HECM alternative in an advisory bulletin about accessing home equity in retirement makes that... (Continue reading)
The Reverse Mortgage Industry is Lost. (Here’s why.)
Written on 10 Oct, 2018 at 18:18
If you want to be successful in the reverse mortgage space going forward, you have to learn to operate effectively with trusted advisors to build networks of referral partners... like we've done for three years.... (Continue reading)
For HECM Professionals… An Invitation to Attend a Day of HECM Power Training.
Written on 15 Apr, 2018 at 16:42
Make the investment in your career that will make that career much more productive, profitable and satisfying. Learn to implement real strategies and tactics that are being used successfully every day with trusted advisors and homeowners in the field.... (Continue reading)
HUD’s Recent Changes to HECM Reverse Mortgages are Positive, Although Some Will Find it Harder to Qualify
Written on 23 Feb, 2018 at 16:04
The HECM mortgage program is going to prove to be one of the most important programs for older American homeowners navigating through their retirement years.... (Continue reading)
The HECM Mortgage is Controversial? Well, it shouldn’t be.
Written on 19 Feb, 2018 at 22:51
Everyone approaching or in retirement should know about the HECM program and how it might impact their retirement years. There's absolutely nothing wrong with today's HECM mortgages... no matter what you've heard in the past.... (Continue reading)
We teach our children to compromise, but have we forgotten how to do it as adults?
Written on 20 Nov, 2017 at 22:27
We seem to have forgotten that compromise is crucial to our collective future... that without dedication to compromise we are doomed to underperform our potential, assuming we make any progress at all. ... (Continue reading)
Well Played – The Republican Tax Cut Strategy
Written on 25 Oct, 2017 at 18:07
While we argue over how Trump handled a condolence call, the GOP has moved much closer towards the passage of their treasured tax cuts.... (Continue reading)
Trump travel-banned Chad. Chad pulled troops from Niger. Then our troops were ambushed in Niger and four Americans are dead. David Andelman reports on CNN.
Written on 24 Oct, 2017 at 3:40
Chad was our ally until Trump included the country on his latest travel ban list. Chad pulled troops out of Niger and as a result four U.S. soldiers were ambushed and are dead. Could this have been prevented?... (Continue reading)
I Have a Good Friend That I Don’t Agree With, Should I Hate Him?
Written on 6 Sep, 2017 at 18:48
Think however you want to think about things. If we're friends, I might tell you that you're wrong, but you don't have to adopt my view. I won't hate you for it.... (Continue reading)
The Legend of Trump the Outsider and the Same Old Ugly Politics
Written on 6 Sep, 2017 at 2:53
The legend of "Trump the Outsider" provides comfort to his supporters who believe that his outsider status will be more beneficial to this country than his inexperience will harm it.... (Continue reading)
Student loans missing chain of title paperwork being wiped out by courts
Written on 4 Sep, 2017 at 10:58
Student loans are another in a long line of predatory lending, securitization scams, but this time judges are dismissing suits in which creditors can't prove ownership of the loan.... (Continue reading)
Why I haven’t written about Trump’s presidency all year
Written on 24 Aug, 2017 at 0:48
I'm not angry about President Trump winning, nor about Hillary Clinton losing. For me, now it's only about our country's continued recovery from the worst economic meltdown in 70 years. But, President Trump is proving to be his own... (Continue reading)
The View of Illegal Immigration from the Mexican Border – A Mandelman Matters Podcast
Written on 21 May, 2017 at 21:47
This is not a "left or right" podcast. It's an interview with an attorney who represents illegal immigrants in Tucson's federal court and has for the last 15 years. So, he knows what's happening on the US-Mexico border...... (Continue reading)
The Voting Dead – A Tremendous New Series in January on FNN
Written on 26 Jan, 2017 at 21:12
Our country is now controlled by ghoulish, demonic creatures back from the grave to walk among us. Our president calls them... THE VOTING DEAD.... (Continue reading)
The difference between Betsy DeVos and Past Education Secretaries
Written on 21 Jan, 2017 at 8:09
I profiled the qualifications of two past education secretaries alongside the resume of Trump's nominee, Betsy DeVos' and the comparison is both stark and shocking. ... (Continue reading)
Now we care about how Steve Mnuchin at OneWest Bank handled foreclosures?
Written on 20 Jan, 2017 at 4:58
Trump's pick for Treasury Secretary is a good one. Yes, OneWest foreclosed more than it should have, but it also got better, becoming one of better servicers when modifying loans. ... (Continue reading)
So, this is what actually happened on Monday in Washington.
Written on 5 Jan, 2017 at 8:50
The New York Times broke the story, hundreds followed and soon there were so many angry calls from constituents to their congressional representatives that House Republicans were forced to back down on an amendment they'd passed in a closed door... (Continue reading)
It’s the END OF HAMP… And the Beginning of a New Era in Loan Modifications
Written on 21 Dec, 2016 at 23:41
HAMP has to be one of the least popular government programs ever. The irony is that it also became the best answer for modifying loans to prevent foreclosures.... (Continue reading)
Erwin Chemerinsky: Does Anything Trump the U.S. Constitution? A Mandelman Matters Podcast
Written on 14 Dec, 2016 at 13:02
Constitutional law scholar and Dean of UCI Law School, Erwin Chemerinsky talks with me about the Trump Presidency in terms of what he thinks Trump will be able to do... and what our constitution won't allow him to do.... (Continue reading)
Trump threatens to prosecute Clinton if she pursues recount? Now there’s a good reason for her to do it.
Written on 28 Nov, 2016 at 9:06
Trump is now saying that there's a conspiracy to throw votes to Hillary by casting ballots on behalf of dead people... and that's simply not true.... (Continue reading)
Understanding the Real Story on Immigration and Sanctuary Cities
Written on 21 Nov, 2016 at 6:57
Can Trump do what he's promised related to immigration? Are there millions here illegally that are criminals? And are "sanctuary cities" the problem or the only practical solution?... (Continue reading)
Are Foreclosures Impacting the Presidential Election in 2016?
Written on 3 Nov, 2016 at 20:44
It's the Obama Administration's handling of the foreclosure crisis has left millions of Americans so mad they can't see straight and at this point, don't want to try. Want to know what created Trump v. Hillary? Maybe that... (Continue reading)
The First Presidential Debate… Can we be honest about this?
Written on 4 Oct, 2016 at 20:43
It's only a few weeks until Election Day and we're still talking about irrelevant nonsense, split down the middle, locked in a deepening deadlocked partisan divide.... (Continue reading)
The Media Continues to Get it Wrong on Reverse Mortgages
Written on 4 Oct, 2016 at 1:49
No one should write about a HECM reverse mortgage as being good or bad, because it depends on so many variables... and 94% of homeowners with a HECM say it gave them peace of mind.... (Continue reading)
Fannie Mae CEO Agrees: Trump and Hillary should talk more about housing
Written on 3 Oct, 2016 at 20:07
Fannie Mae and I apparently agree on one thing... the candidates are both missing the boat by ignoring future U.S. housing policy in their respective campaigns. ... (Continue reading)
Wells Fargo’s Tolstedt Did Exactly What She Was Supposed to Do
Written on 13 Sep, 2016 at 5:15
See, I thought that working at a bank like Wells Fargo would mean having to persuade customers to open new accounts. So, obviously I'm no Carrie Tolstedt.... (Continue reading)
Attorney Nick Wooten is Suing Banks in Illinois for Breaking Into Homes
Written on 12 Sep, 2016 at 7:12
Banks are still breaking into homes they don't own and homeowners are still coming home to find that all of their belongings are gone... sold or dropped off at the dump. Nick Wooten has a plan to make them... (Continue reading)
The Single Best Tool for Downsizing in Retirement is Called: HECM-for-Purchase
Written on 9 Sep, 2016 at 19:28
There's no better tool for downsizing in retirement than the HECM for Purchase, a mortgage insured by the FHA. So why do so few homeowners and/or Realtors know anything about it? ... (Continue reading)
How a HECM Reverse Mortgage Saved a Homeowner Over $200,000
Written on 9 Sep, 2016 at 1:03
Homeowners with significant amounts in their retirement accounts can often benefit from using the HECM because it's a tax free source of funds.... (Continue reading)
Thank You Specialized Loan Servicing (SLS) for Helping Mrs. Presterl Keep Her Home
Written on 1 Sep, 2016 at 0:54
Specialized Loan Servicing (SLS) has agreed to provide Mrs. Presterl with a loan modification so she will not lose her home after all!... (Continue reading)
Kevin Carter (aka Kevin Rasher) Finally In Jail for Defrauding Homeowners… But He Should be Indicted for Murder, Here’s Why
Written on 10 Aug, 2016 at 19:54
This story epitomizes why we as a nation needed to do more, not only to prevent foreclosures, but also to stop the scammers targeting those at risk of losing homes.... (Continue reading)
A Reverse Mortgage Ruined His Life? Nonsense. Not true.
Written on 4 Aug, 2016 at 17:08
The reverse mortgage didn't cause Mr. Feil any harm. In fact, it's because of the HECM reverse mortgage that Mr. Feil was able to keep the home instead of losing it to foreclosure.... (Continue reading)
The Foreclosure Crisis is Dead. Long Live the Foreclosure Crisis.
Written on 2 Aug, 2016 at 17:50
RealtyTrac's June foreclosure report puts the best possible face on the foreclosure crisis, instead of admitting that it's far from over... and that HAMP needs to be extended. ... (Continue reading)
What is Credit Damage and What Can You Do About It?
Written on 1 Aug, 2016 at 6:35
Credit damage occurs when a bank, other debt collector or a credit reporting agency causes negative information to appear on your credit report.... (Continue reading)
Ex-Goldman Execs Now “Help” Foreclosure Victims Buy Homes at 10% (Homes they probably shouldn’t have lost in the first place?)
Written on 18 Apr, 2016 at 10:16
Shelter Growth Capital Partners, founded by ex-Goldman execs, buy foreclosed homes on the cheap and re-sell them for tens of thousands more at 10% interest rates. From the people who brought you the foreclosure crisis... get ready for the... (Continue reading)
FINALLY… Time Magazine Realizes New Reverse Mortgages May be a Good Idea
Written on 4 Apr, 2016 at 16:47
My point is that Kadlec does a decent job writing about the new HECM reverse mortgage... not a great job, but one that's better than most. And that's encouraging.... (Continue reading)
Average Home Prices Are Irrelevant for You or Me
Written on 4 Apr, 2016 at 14:29
Forecast are predicting home prices will fall over the next 2-3 years. Some say by 10 percent, others say as much as 20 percent. Either way, no credible source is saying averages will rise in the 2-3 years.... (Continue reading)
Why Foreclosures Won’t Be Stopping Anytime Soon
Written on 12 Mar, 2016 at 19:02
The reason foreclosures won't stop is that life events won't stop happening, and we're no longer able to borrow our way out of trouble.... (Continue reading)
Attorney Mark Didak Who Wrote Amicus Brief in Yvanova v. New Century – A Mandelman Matters Podcast
Written on 11 Mar, 2016 at 18:46
Los Angeles attorney, Mark Didak, who wrote an amicus brief in the Yvanova v. New Century Mortgage case, shares views and excitement related to the decision.... (Continue reading)
Richard Antognini, the Lawyer Who Took Yvanova to California’s Supreme Court – A Mandelman Matters Podcast
Written on 11 Mar, 2016 at 8:48
Richard Antognini is the lawyer who took the Yvanova v. New Century Mortgage case to California's Supreme Court. Don't miss what he has to say about the case.... (Continue reading)
Max Gardner on Yvanova v. New Century Mortgage – A Mandelman Matters Podcast
Written on 8 Mar, 2016 at 17:07
Max Gardner is one of the superstar lawyers of the foreclosure crisis. Here's a chance to hear his analysis of the recent California Supreme Court decision that everyone's talking about.... (Continue reading)
California Court’s Yvanova Decision Opens Door to Very Dark Room
Written on 7 Mar, 2016 at 5:08
In Yvanova, the court didn't say whether her claim that the trust didn't own her loan would prevail, only that a borrower now has standing to make that claim.... (Continue reading)
Max Gardner’s Consumer Defense Academy: Latest in Loss Mitigation – March 19th, Portland
Written on 2 Mar, 2016 at 16:34
Learn the most up-to-date loss mitigation & legal strategies, based on new state & federal statutes that have dramatically changed the playing field.... (Continue reading)
DOER ALERT: Support Homeowner Survivor Bill of Rights – Extend Foreclosure Protections to Widowed Spouses
Written on 28 Feb, 2016 at 7:45
Senate Bill 1150... "clarify the responsibilities of a mortgage lender when a borrower dies and passes the home along to a survivor who wishes to assume the home loan." Lenders say that widows and heirs, if not on the... (Continue reading)
Okay, so tell me why everyone who can doesn’t use a reverse mortgage this way.
Written on 15 Feb, 2016 at 22:16
Who wouldn't want a line of credit that's guaranteed to increase every year even if the home's value remains flat or goes down. Nothing does what the HECM Line of Credit does.... (Continue reading)
Are You Overestimating Your Ability to Access Your Own Money in Retirement?
Written on 15 Feb, 2016 at 9:14
I've found that most homeowners are dramatically overestimating their ability to pay off mortgages in retirement and/or access the equity in their homes once retired.... (Continue reading)
Nationstar: Servicer’s Stock Price Closes at New Low… Look Out Below!
Written on 9 Feb, 2016 at 7:24
It seems like only yesterday that I was writing about mortgage servicing's latest disaster-in-the-making, Nationstar and today the company's stock sank to a new single-digit low of $8.99.... (Continue reading)
Nationstar: A Multi-billion Dollar Settlement over Foreclosure Practices Waiting to Happen
Written on 8 Feb, 2016 at 16:19
Just when I was sure that no servicer could be worse than Wells Fargo or HSBC... here comes Nationstar, a servicer seemingly dedicated to reaching new lows.... (Continue reading)
California No Longer Foreclosure Kingpin? Playing with the data… again.
Written on 5 Feb, 2016 at 18:52
The headline in the OC Register about California no longer being the foreclosure kingpin is just flat out misleading.... (Continue reading)
Why Did Obama Wait Until December 2015 to Extend Mortgage Debt Forgiveness Act?
Written on 5 Feb, 2016 at 17:21
I wonder how many people chose foreclosure last year because the Act had not been extended... only to find out now that Obama made the extension retroactive.... (Continue reading)
California Supreme Court Ruling is an Important Win for Homeowners
Written on 3 Feb, 2016 at 6:03
California's Supreme Court has ruled... assuming a purchase money mortgage, homeowners don't have to worry about deficiency judgments regardless of whether foreclosure or short sale.... (Continue reading)
Mortgage Forgiveness Debt Relief Act Extended Again… and Again… and Again
Written on 2 Feb, 2016 at 7:02
President Obama extended the Mortgage Forgiveness Debt Relief Act through December 31, 2016. The extension is retroactive and covers mortgage debt cancelled in 2015. ... (Continue reading)
Measuring the Real Costs of Credit Damage
Written on 26 Jan, 2016 at 17:15
The question is how you can determine whether the damage done to your credit reaches the degree that it makes sense to try to recover monetary damages as part of a lawsuit.... (Continue reading)
Where did the billions go when banks settled with our government?
Written on 28 Dec, 2015 at 13:14
What if there had been $50 billion to spend on helping homeowners avoid foreclosure. That would be more than we've spent to-date on foreclosure prevention. ... (Continue reading)
‘Twas the Night Before Christmas 2015
Written on 28 Dec, 2015 at 0:50
Again it's time for my annual holiday poem. I started writing it in 2007... it's a "year-in-review," read to the rhythm of 'Twas the Night Before Christmas. ... (Continue reading)
11 Sale Dates in One Year… and then the bank modified his loan?
Written on 10 Dec, 2015 at 6:39
You don't need to keep re-setting a sale date every month... unless you want to absolutely ruin someone's credit report until it's beyond recognition. It should show one sale date/Notice of Sale, and then a postponement as he awaited... (Continue reading)
SHOCKING: I just found out the hard way how dangerous Facebook can be.
Written on 10 Dec, 2015 at 1:42
Shouldn't Facebook have a big WARNING label on it telling people about their webcams being on even when not in use... and the risks associated with posting personal information and family photos on their pages? Here's what happened to... (Continue reading)
Does the GOP Want to Win the Presidency in 2016?
Written on 29 Sep, 2015 at 6:13
I don't believe that the GOP wants to win the upcoming election. Oh, they want to hold onto their majority in the House, but beyond that I think they like having a democrat to blame.... (Continue reading)
Thanks a lot Volkswagen…
Written on 28 Sep, 2015 at 17:32
Personally, I would rather see VW forced to pay the $18 billion to the people who bought their poison spewing cars... and they could give the EPA let's say... $100,000. That's more than the agency deserves for doing such... (Continue reading)
SIGTARP Report Says 70% Denied for HAMP Loan Modifications – What’s Going On Here?
Written on 10 Sep, 2015 at 5:18
It's unconscionable that the loan modification process be allowed to go on as is. The latest SIGTARP Report to Congress makes it clear that servicers need to be made better, or it is likely that HAMP will be with... (Continue reading)
Attorney & Author Dale Wiley Reads from his latest book, Kissing Persuasive Lips
Written on 14 Jul, 2015 at 15:28
"Kissing Persuasive Lips" is the story of a former banker, Mick Lord, who cashed out when he sold his bank, but after losing his wife to a tragic accident, is finding out the hard way that there are quite a... (Continue reading)
JUST RELEASED: Kissing Persuasive Lips, a Novella by Foreclosure-Fighting Attorney, Dale Wiley
Written on 7 Jul, 2015 at 18:35
In the tradition of John Grisham, Dale Wiley's new novella, Kissing Persuasive Lips, introduces anti-bankster hero, Mick Lord. It's a thriller everyone who reads Mandelman Matters will want to read.... (Continue reading)
Hillary wants prosperity, Fonda joins Greenpeace, Yellen Says Crisis “Set to Fade,” and other annoying nonsense.
Written on 23 Jun, 2015 at 21:52
Have we lost 10 million homes to foreclosure yet? Does anyone even care?... (Continue reading)
Getting a Mortgage Modified Today – A Real Life Case Study in Crazy
Written on 22 Jun, 2015 at 18:08
The foreclosure crisis is not getting better, as many would have you believe... in fact, it's getting worse once again... as its done many times over the last 6 years. ... (Continue reading)
Mandelman’s Best Home Buying Advice for 2015 and Beyond
Written on 18 Jun, 2015 at 16:43
There are three ways to increase the equity in a home you own. Two are within a homeowner's control and one is not. And if you're over 62, for heaven's sake, downsize and hold onto your cash for... (Continue reading)
OCC Clamps Down on 6 Banks for Noncompliance with 2011 Consent Orders
Written on 17 Jun, 2015 at 23:09
Servicers were cited for failing to respond to borrower requests for loan modifications, not making a good-faith effort to prevent foreclosures and not having systems in place to track progress.... (Continue reading)
More Consumers Confused by Role of CFPB than Reverse Mortgage Ads
Written on 17 Jun, 2015 at 13:08
The Consumer Financial Protection Bureau (CFPB) recently conducted a focus group at which they showed reverse mortgage ads, concluding the ads are misleading... but, so what? ... (Continue reading)
What Congress Learned From TARP is Causing the Foreclosure Crisis to Continue
Written on 15 Jun, 2015 at 14:43
HAMP is guaranteed to do no more than it has done to-date, and that new defaults and re-defaults will continue to perpetuate the crisis, causing millions more Americans to lose homes unnecessarily.... (Continue reading)
Foreclosures are UP and Back in the Headlines Again
Written on 9 Jun, 2015 at 21:09
RealtyTrac just reported that, "bank repossessions hit a 27-month high in April at 45,168, up 50% from a year earlier." Uh oh... that doesn't sound like it's over, does it?... (Continue reading)
25 Ways You Know You’re a Guy Over 50…
Written on 9 Jun, 2015 at 19:20
I just turned 54 and the event caused me to consider what's changed about my thinking and my life since turning the big 5-0. Is it just me, or am I not alone?... (Continue reading)
I’m Fed Up With Almost Everything in this Country
Written on 5 Jun, 2015 at 15:50
I’m fed up with, essentially everything. First of all, we live in a country that, politically speaking, is so comically deadlocked as to be incapable of doing anything. We’re like a quadriplegic, completely paralyzed from the neck down, pretending to... (Continue reading)
Bank of America Report: Housing to Start 3-Year Price Decline in 2017
Written on 4 Jun, 2015 at 20:52
A Bank of America analyst has published a report predicting the U.S. housing market will experience "three straight years of "modest" declines starting in 2017.... (Continue reading)
Supreme Court Rules… Homeowners Can’t Strip Underwater Seconds in Ch. 7 Bankruptcy
Written on 4 Jun, 2015 at 16:07
If you have a second that's underwater, the Supreme Court has ruled that there's no more getting out of it through bankruptcy. ... (Continue reading)
Counting on Working Past 65 is Statistically, Being Overconfident
Written on 29 May, 2015 at 20:35
The point is... if the HECM reverse mortgage for purchase makes sense for you then there are some major advantages to using it during your retirement years. If it doesn't, then don't do it. But, know the facts... (Continue reading)
Michael “Air” Jordan Sees $15 Mil Disappear into Thin Air
Written on 29 May, 2015 at 5:11
New home sales are down. They're only a small part of the much larger housing market, but their numbers are important to the U.S. economy in terms of job creation along with being a strong indicator of builder confidence... (Continue reading)
Not Surprisingly, HAMP & HARP Programs Extended Once Again
Written on 8 May, 2015 at 18:12
The FHFA has announced that it has extended Fannie and Freddie's participation in the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP) for an additional year, until the end of 2016.... (Continue reading)
Wells Fargo Got the Message from Mandelman’s DOERS… 72-year-old with Alzheimers Will Die at Home
Written on 8 May, 2015 at 16:53
Thank you to my DOERS who DID SOMETHING to let Wells Fargo know how they felt about what was about to happen to Linda Normand. And thank you to Wells Fargo for DOING the RIGHT THING for Linda... (Continue reading)
Wells Fargo is Evicting a 72 Year-old Woman with Advanced Alzheimer’s – Will you try to help stop this from happening?
Written on 24 Apr, 2015 at 15:00
I don't know why the bank wants to evict a 72 year-old woman with advanced Alzheimer's. I don't know why there aren't laws to prevent such a thing from happening. ... (Continue reading)
Judge Rules Wells Fargo Failed to Comply with 2010 Settlement – Many homes lost unnecessarily.
Written on 20 Apr, 2015 at 11:33
Why wouldn't every homeowner demand Wells Fargo be severely punished for disregarding a legal settlement, and for allowing people to lose homes unnecessarily?... (Continue reading)
Credit Scoooooooooore! By Tom Lewis of DailyImpact.net
Written on 19 Apr, 2015 at 21:04
Fair Isaac, the FICO score company, announced that they're introducing a new higher score to get people borrowing again. But will we fall for it this time?... (Continue reading)
THE HOMEOWNERS’ ANTHEM – 2015
Written on 15 Apr, 2015 at 1:54
Here lies the body of Mary Lee; tried to modify her loan when she was 33. For over five years she fought to keep her sanity; didn't tell a soul as a matter of vanity. ... (Continue reading)
Saxon Settles HAMP Class Action for $4.5 Million… A win for homeowners, LOL
Written on 14 Apr, 2015 at 9:11
A class action law suit filed against Saxon Mortgage Services/Morgan Stanley alleged that the servicer improperly denied thousands of California homeowners loan modifications through the federal Home Affordable Modification Plan (HAMP), and as a result, some lost their homes to... (Continue reading)
Leave Octogenarians at Home – Stop Evictions after 80.
Written on 10 Apr, 2015 at 5:17
Over the last few weeks I've learned that we're a country that actually doesn't care about people in their 80s that run into financial difficulties. In fact... and as incredible as it may seem, WE EVICT THEM.... (Continue reading)
Study Shows Foreclosure-related Suicides Doubled, 2006 ““ 2010
Written on 24 Feb, 2015 at 23:55
Well, finally, (at least as far as I’m concerned) the American Journal of Public Health has published the results of a comprehensive study on foreclosure- and eviction-related suicide, which it should come as little surprise, shows has more than doubled... (Continue reading)
How & Why I Fell in Love with the Reverse Mortgage
Written on 21 Feb, 2015 at 0:05
Nothing else does what a reverse mortgage does. There's no real alternative because any other type of home equity loan would require you to make monthly payments, and you can't retire with high monthly payments or you could end up... (Continue reading)
As Goes California’s Housing Market, So Will Go the Nation’s.
Written on 19 Feb, 2015 at 20:57
Home sales volume and home prices in Southern California are falling... precipitously. As in... both volume and prices are going down. There are two things I would add to this fact: 1. It's not just happening here. 2. It... (Continue reading)
The Foreclosure Crisis is Behind Us? Where? Who says?
Written on 19 Feb, 2015 at 0:27
Maybe the mainstream media has simply gotten tired of the foreclosure crisis. It's not like they've ever had a particularly good handle on what's going on in real life when it come to foreclosures and loan modifications in general.... (Continue reading)
Motley Fool’s 10 Reasons Not to Get Reverse Mortgage is So Wrong… but Some Right
Written on 17 Feb, 2015 at 16:23
Yet another example of shoddy reporting on reverse mortgages. Some of what Bennett writes is correct, but much of it is slanted and the rest is just plain wrong.... (Continue reading)
Republicans Want to Kill HAMP – Are they right or wrong?
Written on 9 Feb, 2015 at 22:20
Are Republicans monumentally insensitive and inconceivably delusional about loan modifications, as their statements might lead many to conclude? Or are Republicans right about HAMP?... (Continue reading)