Posts Tagged ‘double dip’

SECURITIZATION: How our society changed when we learned to turn lead into gold.

SECURITIZATION: How our society changed when we learned to turn lead into gold.

Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don’t need a source for that statistic. Water is wet, the sky is blue, and that’s a fact. Hotel rooms never cost $600... (Continue reading)

Loan Modifications: Selling Loans Means Being Sold Down the River

Loan Modifications: Selling Loans Means Being Sold Down the River

Chase sold the woman’s loan to PennyMac. Simple as that. Had her modification already been made permanent, PennyMac would have had to honor the modified payment amount, but because she was only in a trial modification, Chase is... (Continue reading)

End of Credit Markets to Beginning of Bailouts with D.C. Insider, David Min – A Mandelman Matters Podcast

David takes us through concise and easy to understand explanations of most of the major events since the meltdown began on July 10, 2007... the day the credit markets went into a deep freeze that continues to this day. ... (Continue reading)

About foreclosures, our housing markets, and economic recovery… oh, and lying.

Then how in the world can we be "at the bottom," of housing price declines or starting to see ANY sort of "housing recovery" as the MORONS in the media are also reporting TODAY, after receiving your press releases?... (Continue reading)

View from Inside the Financial Crisis with Former Treasury Chief Economist Phillip Swagel – A Mandelman Matters Podcast

View from Inside the Financial Crisis with Former Treasury Chief Economist Phillip Swagel - A Mandelman Matters Podcast

Here's your first chance to listen to Phillip Swagel on a Mandelman Matters Podcast... he'll be back again... but you don't want to miss this one because we won't be going backward in time, so click PLAY below and listen... (Continue reading)

FREE BERNIE MADOFF… FREE BERNIE MADOFF…

If no one else is going to go to jail having to do with the financial meltdown, then I don’t actually care if Bernie is in there either. I mean, if crime pays… then let’s embrace the change. ... (Continue reading)

No Bottom in Sight – I’m Starting to Feel Sorry for Realtors

So, this year started out depressed, as well it should have, but very quickly, and I do mean within weeks, a six-year downturn was transformed into a robust recovery based on… well… nothing really. None of the fundamentals changed,... (Continue reading)

How’s the View from Where You’re Sitting?

If you want my advice... don't read this post, or watch it... just skip this page and head for the sports section or something. I'm sorry I'm even posting it... seriously... click away... while you still can.... (Continue reading)

LBO AMERICA with Catherine Austin Fitts, A Mandelman Matters Podcast

LBO AMERICA with Catherine Austin Fitts, A Mandelman Matters Podcast

Catherine Austin Fitts has perspective on the housing and mortgage meltdown like no other. Under President George Herbert Walker Bush, she was Assistant Secretary of Housing and Federal Housing Commissioner at HUD, where she basically ran the Federal Housing... (Continue reading)

Three Central Banks Surprise… Desperation in Three Part Harmony

Three Central Banks Surprise... Desperation in Three Part Harmony

The NYT story also mentioned that Bernanke and other central bankers have been trying to shift some of the burden for fixing the economy to elected officials, but the politicians aren’t having any of that. Do they look stupid?... (Continue reading)

I Would Have Bet Anything Against This 10 Years Ago…

I Would Have Bet Anything Against This 10 Years Ago...

If even ten years ago, someone would have tried to tell me that in 2012, young people in Russia would be doing this, while in the U.S.A. our young people would be drowning, I NEVER would have believed it.... (Continue reading)

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Attention DOERS… You DID IT Again! SunTrust Responds.

Attention DOERS... You DID IT Again!  SunTrust Responds.

Marty said that the SunTrust Bank executive said they should be able to do something to prevent her from losing her home. Marty said it was the first time in four years that she felt like someone was actually... (Continue reading)

We’re Being Fed a Steady Diet of Econocrap

We’re Being Fed a Steady Diet of Econocrap

Overall, the point I’m making is that I don’t really care that the government wants to pay Scrabble-type word games with the word “recession” or “recovery.” I don’t care how they want to screw around with the unemployment rate... (Continue reading)

In the Words of Goldman Sachs CEO, Lord Blankcheck…

In the Words of Goldman Sachs CEO, Lord Blankcheck...

So, have you ever wondered what Goldman Sachs CEO is saying when the cameras aren't on, own what goes on under that highly polished dome of his? Well, I sure have. ... (Continue reading)

What the Fed Chief is Thinking…

What the Fed Chief is Thinking...

Federal Reserve Chief Ben Bernanke communicates more than any of his predecessors, but have you found yourself increasingly wondering what in the world the man is thinking behind that shiny dome and professorial facial hair?... (Continue reading)

Fannie Mae Wants Consequences for Strategic Default

Fannie Mae Wants Consequences for Strategic Default

Fannie Mae hates strategic default. Then you say it’s bad for communities, Terrence, why do you think that’s the case? I mean… bad is a relative term, wouldn’t you agree. And, in terms of doing bad things... (Continue reading)

A Letter to Brian Stevens at TBWS: We Need More Houses?

A Letter to Brian Stevens at TBWS: We Need More Houses?

Just to make sure I understand what you said there… the problem is that there aren't enough homes for people to buy? We're having a shortage of houses for sale, are we? Wow… you know, I was sleeping... (Continue reading)

Former NACA Home Save Counselor Says Commissions Create Complaints

Former NACA Home Save Counselor Says Commissions Create Complaints

I’m not sure why, but meeting with a “Home Save Counselor” doesn’t make me feel like I’ll be talking with a commissioned salesperson who will be potentially making up to $1,000 on my loan modification case? A “Home Save... (Continue reading)

An Important Message about 2012 for both President Obama & Mitt Romney

An Important Message about 2012 for both President Obama & Mitt Romney

In 2012, the road to the White House runs directly through the states hardest hit by the foreclosure crisis, most notably Ohio and Florida, but also Michigan, Nevada, and North Carolina, et al. For the Obama campaign, I would... (Continue reading)

30 Minutes of Talking: Has Housing or Our GDP Hit Bottom?

30 Minutes of Talking: Has Housing or Our GDP Hit Bottom?

This week on 30 MINUTES OF TALKING I'm looking at the contradictions that are being thrown at us almost every day now... this past week it was the housing market that hit bottom, according to quite a few. But... (Continue reading)

We know they’re not evil, because they’re simply not smart enough to be evil.

We know they’re not evil, because they’re simply not smart enough to be evil.

The European bankers are no different than is the FHFA, which is led by Ed DeMarco, the guy stopping Fannie and Freddie from reducing principal balances of mortgages. He says he won’t do it because his job is to... (Continue reading)

Thinking Out Loud… Über-Trendy Rich New Yorkers & Ethiopian Cuisine

Thinking Out Loud… Über-Trendy Rich New Yorkers & Ethiopian Cuisine

Doesn’t it just figure that in this country, where we have so much food we that throw away inconceivable amounts on an hourly basis and literally pay farmers millions of dollars not to grow stuff… that we’d have trendy intellectuals... (Continue reading)

MUST SEE TV: WA State Supreme Court Hears Arguments in Case Against MERS

MUST SEE TV: WA State Supreme Court Hears Arguments in Case Against MERS

The video below puts you in the courtroom to watch as both sides of the debate present oral arguments related to MERS’ involvement in the foreclosure process in front of the nine justices of the Washington State Supreme Court.... (Continue reading)

If WE owned a pool of loans… would WE allow principal reductions?

If WE owned a pool of loans… would WE allow principal reductions?

To really understand what happens when trying to determine the present and future value of a pool of loans within a mortgage-backed security, let’s put ourselves in the place of the investors… we’ll be investors together… and we’ll want to... (Continue reading)

You’ve got to give it up for the Spaniards… unless they’re bankers.

You’ve got to give it up for the Spaniards… unless they’re bankers.

Clearly, today’s news from Spain shows that when it comes to protesting, Americans have lost some of our creativity and are simply not up for it as often as we once were. Frankly, many have expressed concern about... (Continue reading)

Nothing Goes Down in a Straight Line

Nothing Goes Down in a Straight Line

But, the structural problems we face have NOT changed, so I see no possibility that we aren't going to see some continued weakening in the housing market in the years ahead, and I don't care whether we're talking Phoenix, or... (Continue reading)

Max Gardner & Nye Lavalle Together in Concert – A Mandelman Matters Podcast

Max Gardner & Nye Lavalle Together in Concert - A Mandelman Matters Podcast

Having Nye Lavalle and Max Gardner together is a rare event. Together, they would have to be considered the founding fathers of today's foreclosure defense movement, so this is an opportunity to learn how it all began and where... (Continue reading)

Bringing Up the REAR – Charles Gasparino, Fox Business Network

Bringing Up the REAR – Charles Gasparino, Fox Business Network

Also, I’m wondering something… when you say that, “foreclosures are a necessary ingredient to the housing market’s recovery,” how many do you figure we’re going to need in order to "recover?" ... (Continue reading)

Watch this! Ireland wants the same answers we do.

Watch this! Ireland wants the same answers we do.

Ireland journalist won't give up. Why do our journalists fail to get started?... (Continue reading)

Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing

 Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing

Actually, I don’t even know if she can pull off that angry black woman thing, but that’s exactly what we need at a time like this. You think Weezy Jefferson would be putting up with some nerdy pasty white... (Continue reading)

Economy Recovering? No, it’s not. Housing? NO. Unemployment? NO. Stock Market? NO.

Economy Recovering? No, it's not. Housing? NO. Unemployment? NO. Stock Market? NO.

So… housing is not, not, not at bottom, – check. Unemployment not improving – check. And does the stock market at 13,000 mean something to the economy? Nothing good – check.You might want to bookmark this page, so... (Continue reading)

Bank sues itself, wins, and then forces itself into bankruptcy to satisfy judgment

Bank sues itself, wins, and then forces itself into bankruptcy to satisfy judgment

So, why did I write this? Because it makes just as much sense as everything else that’s going on in this country, and at least it made me smile. ... (Continue reading)

Best Picture Nominees Meet the Foreclosure Crisis at the 84th Annual Academy Awards

Best Picture Nominees Meet the Foreclosure Crisis at the 84th Annual Academy Awards

The foreclosure crisis is seeping into our society everywhere. Or, at least it soon will be... ... (Continue reading)

It’s Gretchen Morgenson from The New York Times – A Mandelman Matters Podcast

It's Gretchen Morgenson from The New York Times - A Mandelman Matters Podcast

Lately, Gretchen has been really going strong on foreclosure-related topics... the fraudulent document scandal, the Fannie report, DocX, the AG settlement, so I thought now would be a good time to have her on a Mandelman Matters Podcast.... (Continue reading)

Arizona’s SB 1451 – Does Arizona Have the Right to Save Itself from Drowning in Underwater Loans?

Arizona's SB 1451 - Does Arizona Have the Right to Save Itself from Drowning in Underwater Loans?

Senate Bill 1451 only uses PRIVATE MONEY. There is no government money involved, no subsidies, no guarantees, and no taxes. This Program utilizes a completely different structure than any current mortgage program. It includes a cash insurance... (Continue reading)

Stuff Ex-Homeowners Can Buy for $2,000

Stuff Ex-Homeowners Can Buy for $2,000

The monetary terms aspect of the mortgage settlement agreement is completely worthless to everyone. Three billion to provide refinancing for underwater mortgages? If that was executed perfectly, it MIGHT refinance 15,000 homes nationwide. Why even bother doing... (Continue reading)

Greece Will Leave EU… They Should Do It Now.

Greece Will Leave EU... They Should Do It Now.

Dear Greece... The Dracma will be fine and so will the people, but not if you wait too long, or if you continue with a prime minister who is an ex-central banker. Toss him out, re-shuffle the deck and... (Continue reading)

The Good, the Bad and the Ugly in the Mortgage Settlement

The Good, the Bad and the Ugly in the Mortgage Settlement

The settlement agreement is supposed to help one million households by reducing their loan balance reduced. There’s no way is there enough money in this settlement to do all that much for anyone. But Obama has said it’s... (Continue reading)

Foreclosing on Oscar… Mandelman’s List of Best Picture nominees

Foreclosing on Oscar… Mandelman's List of Best Picture nominees

I haven’t actually seen any of them, but I’ve gone ahead and described them, so you can see the candidates through my somewhat jaded perspective… and my list is likely a little different than the others you’ll run across… I... (Continue reading)

Foreclosure Politics Here and Across the Pond – Professor David Coates on a Mandelman Matters Podcast

Foreclosure Politics Here and Across the Pond - Professor David Coates on a Mandelman Matters Podcast

This Mandelman Matters Podcast with Professor David Coates is not the same thing you've heard before, as he covers the foreclosure crisis both here in the U.S and in the UK. He also talks about the global financial crisis... (Continue reading)

Thank You Wells Fargo… Signed the DOERS of Mandelman & Field

Thank You Wells Fargo... Signed the DOERS of Mandelman & Field

Ooops, you did it again! Yes, it's true... Wells Fargo contacted Tom and Jeneane up in Granite Bay, California mid-day today to let them know that their SALE DATE of February 3, 2012 HAS BEEN POSTPONED. ... (Continue reading)

Freddie Mac’s Crimes Against Homeowners are NOT an Isolated Incident

Freddie Mac’s Crimes Against Homeowners are NOT an Isolated Incident

ProPublica is reporting that Freddie Mac has been placing “multi-billion dollar bets designed to only pay off when homeowners remain “trapped” in high interest rate loans, and that the government-owned mortgage monster began increasing such bets late in 2010, which... (Continue reading)

DOER ALERT: Dear Bank of America…

DOER ALERT: Dear Bank of America...

The man's wife passed away in 2006. They were married for 53 years. Your bank explained that a request for postponement went in on the 23rd of December 2011 on a loan which Bank of America agreed to... (Continue reading)

Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”

Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”

Reducing mortgage balances is a risky idea that hasn’t been shown to keep borrowers who owe more than their property’s worth in their homes, according to Credit Suisse Group AG. (CSGN). Suspending accounting rules is a risky idea that hasn’t been... (Continue reading)

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Calling All Lawyers to 5,000,000 Crime Scenes

Calling All Lawyers to 5,000,000 Crime Scenes

Consider this... bankers say that they've been overwhelmed by the millions of homeowners unexpectedly seeking loan modifications and that's why applying for a loan modification has been such a nightmare. But, what about the number of foreclosures occurring in... (Continue reading)

I’ve found the problem in Washington… it’s some sort of time warp, or they’re just dumb.

I’ve found the problem in Washington… it’s some sort of time warp, or they're just dumb.

How does the Fed write a white paper and present it to the United State Congress that is packed with proof positive of an entirely inadequate level of knowledge, understanding… education, even? Am I going to find out that... (Continue reading)

Are they lying or are they stupid?

Are they lying or are they stupid?

Look… are you feeling me here? Do you see what I’m saying? What’s the deal? Are they lying or are they stupid, because there’s no way in the world we should be talking about whether the FOMC... (Continue reading)

MY DOERS DID IT AGAIN! But it’s not over yet. (And Holly Says Thank You!)

MY DOERS DID IT AGAIN!  But it's not over yet. (And Holly Says Thank You!)

I don't usually do this, but with Holly's permission, I've posted the three emails I received from her today. I get a lot of very flattering emails from homeowners across the country, and I appreciate them all very much...... (Continue reading)

ALJAZEERA… The year’s top story is not getting coverage…

ALJAZEERA... The year's top story is not getting coverage...

ALJAZEERA: "If you want to find out about this story of the year and years past, in all of its disgusting detail, you can't just trust major media. You have to read Matt Taibbi in Rolling Stone, a music magazine,... (Continue reading)

FRONT LINE NEWS, A Mandelman Matters Podcast – December 23, 2011

FRONT LINE NEWS, A Mandelman Matters Podcast - December 23, 2011

FIRST UP: A favorable ruling from Florida's Supreme Court in the Pino Case... I ask attorney Matt Weidner and Foreclosure Hamlet's Lisa Epstein to tell us what it means to homeowners. SECOND STORY: A blogger in Ohio teams up with... (Continue reading)

‘Twas the Night Before Christmas – 2011

'Twas the Night Before Christmas - 2011

And, since it is the holidays, it's also time for my annual year-in-review-in-rhyme, read to the famous holiday poem, 'Twas the Night Before Christmas. I started writing my 'Twas the Night year-in-review in 2007, or at least that's the year... (Continue reading)

Mandelman on The News Dissector Radio Show with Danny Schechter

Mandelman on The News Dissector Radio Show with Danny Schechter

I was a guest on the News Dissector radio show with Danny Schechter out of NYC. And I was joined by one of the Occupy Wall Street organizers and Capt. (Ret.) Ray Lewis. Check it out... given the... (Continue reading)

GUEST POST: Dear Colleagues, by Thomas A. Cox, Esq.

GUEST POST: Dear Colleagues, by Thomas A. Cox, Esq.

This letter was written today by attorney Thomas Cox of Portland Maine, and posted on several legal listservs. It was totally unexpected and more than moving. Tom is the lawyer whose work and depositions of GMAC's Jeffrey Stephan... (Continue reading)

Neil Barofsky and American Banker Finally Catch Up to Mandelman Matters

Neil Barofsky and American Banker Finally Catch Up to Mandelman Matters

No one helps those who don't help themselves. We need to be WE... and now. Because as long as the country believes that irresponsible borrowers are the problem, nothing will change for borrowers... not enough lawyers will join... (Continue reading)

Author Michael Hudson Knows The Monster – A Mandelman Matters Podcast

Author Michael Hudson Knows The Monster - A Mandelman Matters Podcast

Here's something you can't do anywhere else... listen to author Michael Hudson not only talk with me about his book, but listen to how he applies his vast knowledge of the subject matter to what's going on today in our... (Continue reading)

DeMarco of the FHFA… Like when the baby gets a hold of a hammer.

DeMarco of the FHFA... Like when the baby gets a hold of a hammer.

So, I’m bringing all of this up because Mr. Edward DeMarco, who is just the "acting" director of the independent federal agency that placed both Fannie Mae and Freddie Mac into conservatorship in the fall of 2008, has actually become... (Continue reading)

Mandelman’s Monthly Museletter – Version 16.0

Mandelman's Monthly Museletter - Version 16.0

In this edition you'll find: 1. Robo-signing KILLS... 2. OCC proposes credit rating duties go to banks - A real conversation with a banker-friend of mine. 3. PMI Files Bankruptcy - Regulators step in and take over yet another mortgage... (Continue reading)

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THE NEWS: What’s Occupying My Mind is Making Me Dizzy

THE NEWS: What’s Occupying My Mind is Making Me Dizzy

What you are about to read has not been smoothed out or otherwise homogenized, it’s just the news as it’s coming at me… and you. Go ahead… read it and then tell me everything’s just fine. ... (Continue reading)

Bringing UP the Rear – Neil Lipschutz, Managing Editor, Dow Jones Newswire

Bringing UP the Rear – Neil Lipschutz, Managing Editor, Dow Jones Newswire

Obviously, either Neal has the cognitive abilities of a fruit loop soaked in milk, or he’s just disturbed. What do you suppose he thinks “spread” to Europe and its banks? I mean, I don’t think loans can spread…... (Continue reading)

A Foot Soldier in the Foreclosure Wars – Matt Weidner, A Mandelman Matters Podcast

A Foot Soldier in the Foreclosure Wars - Matt Weidner, A Mandelman Matters Podcast

I wanted to have Matt on a podcast so both homeowners and other lawyers would have an opportunity to hear his views on the crisis today, and specifically what he's seeing in the Florida courts. And sure enough, Matt... (Continue reading)

Unmistakably April Charney – A Mandelman Matters Podcast

Unmistakably April Charney - A Mandelman Matters Podcast

So, whether you're a homeowner fighting to keep your home... or a lawyer who represents homeowners in foreclosure, here's an opportunity to hear what April has to say about where we've been, where we are today, and where she thinks... (Continue reading)

Home sales contracts are falling apart 2X as fast as last year

Home sales contracts are falling apart 2X as fast as last year

Why? Well, according to the Realtors, it’s credit scores and appraisals coming in too low. Well shave my head and call me Baldy… what do you know about that? I certainly do declare, how can such a... (Continue reading)

Professor Learns the Hard Way About Loan Modifications at Bank of America

Professor Learns the Hard Way About Loan Modifications at Bank of America

MEMO TO BANK OF AMERICA… Why do you do these things to me? I was just sitting here minding my own business, perfectly content to write about Chase or Wells or anything else for that matter… but no, you... (Continue reading)

We’re Going to Need a Bigger Horse… Portland police back down, rather than engage Occupy Portland protesters

We're Going to Need a Bigger Horse... Portland police back down, rather than engage Occupy Portland protesters

We need, as perhaps the late, great Steve Jobs might have said... to think differently, to fight differently. We need to scare them by making them realize that we are their source of power and just as we bestow... (Continue reading)

Our future hinges on just ONE thing…

Our future hinges on just ONE thing...

You know the stereotype… we all do… reckless and greedy people who bought homes they could never hope to afford by signing their names on nothing down, 80/20 “liar loans” with negative amortization and teaser rates of 1%. And... (Continue reading)

Consumer Spending Up? Come on get happy…

Consumer Spending Up?  Come on get happy...

The bottom-line… much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)

Disturbing News from Behind Closed Doors – Attorney Thomas Cox, A Mandelman Matters Podcast

Disturbing News from Behind Closed Doors - Attorney Thomas Cox, A Mandelman Matters Podcast

Tom's going to share some things that are very disturbing... things he's discovered are going on behind closed doors in the mortgage banking industry... thinks you probably haven't heard about before... things we all need to know. Don't even... (Continue reading)

OCC’s Independent Foreclosure Review for Homeowners is Ready – But, so are the Scammers

OCC’s Independent Foreclosure Review for Homeowners is Ready – But, so are the Scammers

The bottom-line is that this does appear to be a chance for people who were treated unfairly as part of the foreclosure process (and Lord knows there are plenty who fall into that category) to get a shot at some... (Continue reading)

The World of the Investor with Attorney Talcott Franklin – A Mandelman Matters Podcast

The World of the Investor with Attorney Talcott Franklin - A Mandelman Matters Podcast

WHAT'S THE DEAL WITH INVESTORS? WHO ARE THEY? ARE THEY LOSING MONEY ON FORECLOSURES? What do the investors think about all these foreclosures? What's the relationship like between investors and servicers? Do investors want to modify loans? Do... (Continue reading)

THE CRAVEN, A Halloween Trick-or-Treat, With Apologies to Edgar Allen Poe

THE CRAVEN, A Halloween Trick-or-Treat, With Apologies to Edgar Allen Poe

Quoth the Craven, "Nevermore."... (Continue reading)

Attorneys: Foreclosure Defense at a Whole New Level – Max Gardner In-person or On video

Attorneys: Foreclosure Defense at a Whole New Level - Max Gardner In-person or On video

Max basically gives attorneys his thirty-year law practice in a box with easy to follow assembly instructions and ongoing support. And there's nothing theoretical about what Max teaches attorneys at his workshops and seminars. In fact, I've seen... (Continue reading)

Mainstream media waking up to foreclosures being a big problem – And by big problem, I mean Geithner

Mainstream media waking up to foreclosures being a big problem - And by big problem, I mean Geithner

I’m not sure what to say to that, now that I’ve read Zach’s article and been shown more of what went on behind closed doors at the Obama White House. That mistakes were made is abundantly clear, but even... (Continue reading)

Public sector shedding 35k jobs a month — Republicans block bill to prevent further losses

Public sector shedding 35k jobs a month — Republicans block bill to prevent further losses

State budgets have to be suffering from reduced income and sales taxes, don’t they? Higher unemployment obviously means fewer people working and those that are still working… are making less money, so it stands to reason that income tax... (Continue reading)

Obama’s New Plan to Help Housing Isn’t Worth Waiting For

Obama’s New Plan to Help Housing Isn’t Worth Waiting For

Even Edward J. DeMarco, acting director of the independent Federal Housing Finance Agency says his fix will be more of a tune-up than an overhaul, with reduced “frictions” and “enhancements.”... (Continue reading)

Optimism Lost, and by Optimism, I mean Ben Bernanke and the NYT

Optimism Lost, and by Optimism, I mean Ben Bernanke and the NYT

I think the nice folks at the New York Times have been spending too much time at Zabars? Because I’m pretty sure it’s not a confidence deficiency… I think it’s money we’re missing… as in income, and the lack... (Continue reading)

Are Homeowners Suffering from LAS – Legal Abuse Syndrome?

Are Homeowners Suffering from LAS – Legal Abuse Syndrome?

Homeowners who have been forced into litigation in an attempt to save their homes, whether choosing to represent themselves, or hire an attorney, are battling against the largest financial institutions in the world in a court system that’s anything but... (Continue reading)

What Obama Should Have Done – Ezra Klein, Part 2

What Obama Should Have Done – Ezra Klein, Part 2

I mean, here we had our “smart” president, and the first thing he does upon taking the reins of a nation in real economic peril, is throw together a spending bill whose numbers were pulled directly from the hindquarters of... (Continue reading)

CA’s Democrats in Congress Wake Up to Need to Address Foreclosures

CA's Democrats in Congress Wake Up to Need to Address Foreclosures

Apparently, this past week, the sound of the economy’s ship going down must have awoken the majority of House Democrats from California who then just jumped all over the Obama Administration for “failing to deliver on promises to curb foreclosures.”... (Continue reading)

WSJ Surveys Economists… US Incomes Won’t Make Up Lost Ground Before 2021

WSJ Surveys Economists… US Incomes Won’t Make Up Lost Ground Before 2021

Yesterday, for the first time since the recession began, the Wall Street Journal survey of 50 economists now say that incomes in this country have been falling since 2000 and they don’t expect us to make up the lost ground... (Continue reading)

Inside the Obama Administration with Ezra Klein … and Mandelman

Inside the Obama Administration with Ezra Klein … and Mandelman

Klein seems to think that it’s important to understand how the administration got it so wrong… but I could care less. I think the salient point is that they knew they had gotten it wrong soon enough, and yet... (Continue reading)

The Recession is Over! Long Live the Recession!

The Recession is Over!  Long Live the Recession!

Look people… don’t get bummed out about this study, because a few years from now the NBER is probably going to refer to today as having been a peak. ... (Continue reading)

Only One Paycheck Away from Disaster… No kidding, really? Go figure.

Only One Paycheck Away from Disaster... No kidding, really?  Go figure.

Since then, we’ve been bubbled into financial ruin. We bought high and sold low, until our 401(k)s turned into 201(k)s, and then we doubled down on shares of Pets.com, never bothering to question how the company planned to deliver... (Continue reading)

Attitudes on Wall Street: Dear God, Give Me Strength

Attitudes on Wall Street: Dear God, Give Me Strength

Brancaccio asked about whether these Wall Street types recognized that bonuses are usually paid on profits, but that profits are "radically down," and Bethany replied that they don't. She said that there's a widespread belief that "it wasn't my fault,... (Continue reading)

Former Sub-Prime Lenders Are Back to Profit Off of the Housing Meltdown. Seriously?

Former Sub-Prime Lenders Are Back to Profit Off of the Housing Meltdown.  Seriously?

Basically, the architects of the sub-prime lending that caused the greatest financial crisis in the history of mankind, are now going to profit from the crisis they caused by buying and selling the very sub-prime loans they couldn’t sell before,... (Continue reading)

Hard Truths Block Solutions to Foreclosure Crisis – But, I have the answers that will fix it.

Hard Truths Block Solutions to Foreclosure Crisis - But, I have the answers that will fix it.

BUT… the odds are that they won’t win their lawsuits, their legal arguments will not prevail and ultimately they will lose their homes to foreclosure. Many arrive in court having not made a mortgage payment in several years, and... (Continue reading)

AM I DREAMING ALL OF THIS? (If you can read this, please let me know.)

AM I DREAMING ALL OF THIS?  (If you can read this, please let me know.)

Is it possible that I’m only dreaming all of this? Like, maybe I don’t really blog about the financial and foreclosure crises… maybe it’s all just part of a reoccurring, and incomprehensibly maddening dream? ... (Continue reading)

Mandelman’s Monthly Museletter – Version 15.0

Mandelman’s Monthly Museletter – Version 15.0

1. Obama Administration Leaps Into Action on the Foreclosure Crisis. 2. Nation's poverty rate climbs to 15.1%, highest in 18 years. 3. Obama Says Government to Help More People Refinance… Again. 4. Mortgage Defaults Skyrocket 33% Nationwide in... (Continue reading)

Bringing Up the REAR: House Speaker Rep. John Boehner

Bringing Up the REAR: House Speaker Rep. John Boehner

Look, I’ve been an “employer” for some 20 years, and I’d just like to assure everyone that breaking the collective back of our nation’s middle class is precisely what is stopping America’s employers from spending the massive amounts of cash... (Continue reading)

Irresponsible Borrowers Documentary Trailer 2 – We Need Your Support

Irresponsible Borrowers Documentary Trailer 2 - We Need Your Support

Watch it. Link to it. Post it. Support it. Everyone who contributes will be listed in the credits and we plan to take the film all the way to the Academy Awards. If "Inside Job"... (Continue reading)

I Failed… and I’m So Very Sorry

I Failed... and I’m So Very Sorry

I don’t know what to say except that I am so very sorry that I let them down. So deeply sorry… and I’ll never forget them… I’ll try never to let something like that happen again. ... (Continue reading)

Mandelman’s Reluctant Analysis of Obama’s Speech – The American Jobs Act

I didn’t want to do this. I was perfectly content ignoring his idiotic drivel as I’ve been doing pretty successfully for over a year. Or, maybe it’s because he hasn’t said anything in over a year, I’m not... (Continue reading)

From Insult to Injury and Back to Insult… A New Twist on the Demolition Derby

From Insult to Injury and Back to Insult... A New Twist on the Demolition Derby

I remember a year or two back when Warren Buffett quipped that one solution was to “blow up a lot of houses -- a tactic similar to the destruction of autos that occurred with the ‘cash-for-clunkers’ program.’” He was... (Continue reading)

Lawyers, foreclosure fatigue and the dreaded FREE HOUSE

Lawyers, foreclosure fatigue and the dreaded FREE HOUSE

Wake up people, we’re running out of time. We need to do better and that means we need to get smarter. And since I still have faith that our laws will prevail, we’ll be needing our nation’s lawyers... (Continue reading)

And the Beat Goes On… Yeah, the Beat Goes On…

And the Beat Goes On… Yeah, the Beat Goes On...

And call me crazy, but I found the news oddly reassuring… you know… like a peanut butter and jelly sandwich and an ice cold glass of milk. ... (Continue reading)

16 Banks Ordered to Compensate Victims of Improper Foreclosure

16 Banks Ordered to Compensate Victims of Improper Foreclosure

Guess what… the federal government has ordered 16 of the largest mortgage servicers to reimburse homeowners who they foreclosed on IMPROPERLY. Well, isn’t that nice? What a lovely surprise. ... (Continue reading)

GOING UP… The Rising Bar of Homeowner Rage

GOING UP… The Rising Bar of Homeowner Rage

The fact is that the path we’re on can only end badly, and although I quite proud of how this nation has managed to hold it together until this point at least, as the man said, it’s all downhill from... (Continue reading)

HAMP, HARP, HOP, HOOP… Like Watching Someone Spend $10 Trying to Fly to the Moon

HAMP, HARP, HOP, HOOP... Like Watching Someone Spend $10 Trying to Fly to the Moon

Boy, that sure is a relief, wouldn’t you say? Because, see… I had been under the impression that he had actually been trying to do something big and important and was putting his best foot forward, as it were.... (Continue reading)

No Friend to the Banksters… Attorney Nick Wooten – A Mandelman Matters Podcast

No Friend to the Banksters... Attorney Nick Wooten - A Mandelman Matters Podcast

If I have to introduce Alabama foreclosure defense attorney Nick Wooten to you, then you're not much of a foreclosure crisis news junkie, because Nick has made headlines for his lawsuits against the banksters on behalf of homeowners as much... (Continue reading)

Well, Now Isn’t That Interesting… All the News That Fits, We Print

Well, Now Isn’t That Interesting…  All the News That Fits, We Print

1. FDIC is suing former IndyMac CEO for a lot of dough. 2. Obama admits failure on foreclosure crisis. 3. What was the tru cost of the bank bailouts?... (Continue reading)

Mandelman SHOCKS Online Community, Says: “I don’t care about my readers anymore.”

Mandelman SHOCKS Online Community, Says: “I don’t care about my readers anymore.”

And the best part of the whole thing is that even if you’re weren’t a DOER this time around… even if until now you’ve just been a “reader,” it doesn’t matter… ANYONE CAN BECOME A DOER AT ANY MOMENT. ... (Continue reading)


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