Posts Tagged ‘Fannie Mae’

Tom Deutsch of the ASF on Eminent Domain & Loan Modifications – A Mandelman Matters Podcast

Tom Deutsch of the ASF on Eminent Domain & Loan Modifications - A Mandelman Matters Podcast

If Professor Robert Hockett is the man behind the plan to use eminent domain to take over underwater loans and write them down for homeowners, Tom Deutsch is his arch nemesis. This is an opportunity to hear how the... (Continue reading)

It was an honor to help him get his loan modified…

It was an honor to help him get his loan modified...

It was an honor to help Arlie Matthews get his loan modified with Bank of America. At the times when I sit and wonder why I've done what I've done, and how I can possibly continue doing it for... (Continue reading)

Dear Fellow Travelers… a letter from a Mandelman Matters reader.

Dear Fellow Travelers... a letter from a Mandelman Matters reader.

I was not involved in her foreclosure battle. She wrote to me because she wanted to tell other homeowners what she came to discover about Mandelman Matters after going through the same sort of journey that far to many... (Continue reading)

Apparently White House is PLEASED with HAMP and Housing?

Apparently White House is PLEASED with HAMP and Housing?

I’m actually relieved that the White House knows about the millions of delinquencies, underwater and effectively underwater loans… that sales have been “slowing” since last July, but slowing even more so since the first of the year. I’m so... (Continue reading)

Attorney Tom Cox on Christopher Whalen, Servicers, Loan Mods and Me – A Mandelman Matters Podcast

Attorney Tom Cox on Christopher Whalen, Servicers, Loan Mods and Me - A Mandelman Matters Podcast

HousingWire posted Tom's response to Chris' piece, Chris responded with another post on HousingWire... then Tom came back with a post on Naked Capitalism, with commentary by Yves, and somewhere in there Adam Levitin responded too. Lord only knows... (Continue reading)

Christopher Whalen Quotes Me on HousingWire, Then Tom Cox Slams Me and Whalen on HousingWire

Christopher Whalen Quotes Me on HousingWire, Then Tom Cox Slams Me and Whalen on HousingWire

Tweet   So, here’s how my day went today… It started with Christopher Whalen quoting me in his article on HousingWire.  Chris had told me yesterday that he was planning on quoting me in an article, but I didn’t know... (Continue reading)

Following in the Rich Tradition of Appraisal Fraud, Servicers Using Zillow® for Home Values

Following in the Rich Tradition of Appraisal Fraud, Servicers Using Zillow® for Home Values

Using a Zestimate to determine a home’s value is almost like trying to make your mortgage payment using Monopoly money. And yet, homeowners and others involved in loan modifications from around the country have confirmed being told by Chase,... (Continue reading)

Frank & Brian Try to Help Salespeople Overcome Call Reluctance

Frank & Brian Try to Help Salespeople Overcome Call Reluctance

Call reluctance isn’t some psychological problem that you can cure by talking to yourself or by being coached to pick up the phone within 30 minutes. You know why you’re not calling your prospects… it’s because you have nothing... (Continue reading)

Dave Dayen Does Great Job Describing “Government Cowardice” and Donovan’s Complicity “Selling” the National Mortgage Settlement

Dave Dayen Does Great Job Describing “Government Cowardice” and Donovan’s Complicity “Selling” the National Mortgage Settlement

Dayen’s article is still an outstanding piece of work that I very much appreciated. It saved me from having to read Smith’s final report, and he wrote it in such a way that I think it represents the perfect... (Continue reading)

8 Powerful Reasons Why NOW is a GREAT Time to BUY a Home

8 Powerful Reasons Why NOW is a GREAT Time to BUY a Home

Today was a BIG day for Frank and Brian over at the National Real Estate Post... they have officially proclaimed that the mortgage lending industry HAS CHANGED. Not IS changing, but HAS changed... they were shocked, by the way.... (Continue reading)

Is Eminent Domain for Underwater Loans Good for Homeowners? A Mandelman Matters Podcast

Is Eminent Domain for Underwater Loans Good for Homeowners?  A Mandelman Matters Podcast

The man who wrote the plan to use eminent domain to take over underwater loans and write them down for homeowners that started in Richmond in earnest, but is now being considered in one form or another by something... (Continue reading)

Effectiveness of Government Plan to Create Foreclosures to Increase as Rates Rise

Effectiveness of Government Plan to Create Foreclosures to Increase as Rates Rise

HAMP modifications are about to start seeing rates reset higher, and Treasury says more foreclosures will be the result. ... (Continue reading)

POWER TOOLS for Investor Denials, the NPV Discussion, and Pushing a Servicer to Modify a Loan

POWER TOOLS for Investor Denials, the NPV Discussion, and Pushing a Servicer to Modify a Loan

Unfortunately, as so many homeowners have learned the hard way, it’s not easy to figure out what’s right and what’s not about your loan modification application, and so many homeowners fail when they could have succeeded had they known what... (Continue reading)

Is Eminent Domain to Write Down Mortgages Unconstitutional? A Mandelman Matters Podcast

Is Eminent Domain to Write Down Mortgages Unconstitutional?  A Mandelman Matters Podcast

Is the use of eminent domain to take over underwater loans and write them down for homeowners unconstitutional? Will the financial services industry tie up the plan to use eminent domain in the courts for years? Find out... (Continue reading)

Underwater and Unsolvable – A Lifetime of Homeowner Mortgage Debt

Underwater and Unsolvable – A Lifetime of Homeowner Mortgage Debt

There should be no question in anyone’s mind that because our housing markets have not recovered neither has our economy. It’s not that we need jobs to improve the housing markets, it’s that we need to fix housing in... (Continue reading)

Demand for Mortgages Plummets, But It’s Not a Winter Storm, It’s More of an Ice Age

Demand for Mortgages Plummets, But It’s Not a Winter Storm, It’s More of an Ice Age

Do the math and it’s easy to conclude that the number of homeowners unable or unwilling to move is high. If 30 percent are actually underwater, after adding sales commissions, moving expenses, and the need for a 20 percent... (Continue reading)

What I Know About Loan Modifications – 2014

What I Know About Loan Modifications - 2014

I see loans get modified every day, and the people I see haven’t paid anyone for anything, or if they did, it was hundreds, not thousands of dollars. At the same time, I’ve seen people who absolutely needed someone... (Continue reading)

GUEST POST: Mortgages, now in the hands of specialty servicers, means trouble for homeowners and investors.

GUEST POST: Mortgages, now in the hands of specialty servicers, means trouble for homeowners and investors.

During the past 12 months, the rights to service millions of home loans have been shifted from large banks like Bank of America, Wells Fargo, Citigroup and Chase to specialty loan servicers like Ocwen Home Loan Servicing, Nationstar and SPS,... (Continue reading)

All the News that Can Confuse – Housing Market News Up and Down at the Same Time

All the News that Can Confuse – Housing Market News Up and Down at the Same Time

On any given day, the numbers of contradictory headlines about housing markets and foreclosures are enough to present a serious health risk to anyone reading them. ... (Continue reading)

FDIC Shared Loss Agreements Did NOT Pay Off Your Loan (No Matter What AZ Court Seems to Think)

FDIC Shared Loss Agreements Did NOT Pay Off Your Loan (No Matter What AZ Court Seems to Think)

It’s remarkable, if you think about it, how many people are supposedly trying to pay off your underwater mortgage once you’ve stopped making your mortgage payments. It’s like there’s a rush to pay off your mortgage once you default on... (Continue reading)

We’ve Solved a National Foreclosure Crisis Before, Why Not Now?

We’ve Solved a National Foreclosure Crisis Before, Why Not Now?

A large part of this protracted recession it said is due to households trying to reduce their debt levels, which in turn leads to less spending in the economy, driving the recession deeper and further.... (Continue reading)

Good News About Housing Recovery… Your Kids Will be Living With You for a Long Time

Good News About Housing Recovery... Your Kids Will be Living With You for a Long Time

So, if you add it all up, there's only one way that U.S. housing markets are recovering… Magical thinking!... (Continue reading)

Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth

Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth

Once a mortgage is underwater… should you get hit with a life event such as a divorce, illness, injury, job loss or income reduction… you can’t sell your home… and you can’t borrow against it to help you get through... (Continue reading)

Eminent Domain Part 3 with Cornell Law’s Professor Robert Hockett – A Mandelman Matters Podcast

Eminent Domain Part 3 with Cornell Law's Professor Robert Hockett - A Mandelman Matters Podcast

Eminent domain means taking over underwater loans and writing them down for homeowners. Professor Robert Hockett authored the plan, and is consulting with cities all over the country now considering using eminent domain to save their cities from becoming...... (Continue reading)

Eminent Domain to Solve the Housing Crisis – PART 2 with Prof. Robert Hockett

Eminent Domain to Solve the Housing Crisis - PART 2 with Prof. Robert Hockett

Eminent domain is not only being considered as a solution to the housing crisis by Richmond, California... there are now some TWO DOZEN CITIES across the country considering the plan authored by Professor Robert Hockett of Cornell University Law School.... (Continue reading)

Prof Robert Hockett: Need Eminent Domain to Break Securitization Suicide Pact Killing Recovery – A Mandelman Matters Podcast

Prof Robert Hockett: Need Eminent Domain to Break Securitization Suicide Pact Killing Recovery – A Mandelman Matters Podcast

Eminent domain to answer the problems with underwater mortgages? Well, the lines have been drawn… the battle appears eminent… pun intended. But Professor Hockett, the man behind the eminent domain plan, says it’s not going to get tied... (Continue reading)

Why Can’t We FIX Something About the Loan Modification Process?

Why Can’t We FIX Something About the Loan Modification Process?

I’ve seen my government fail at lots of things over the years, but this failure is too important and too costly to allow it to continue. We’ve lost more than five million homes to-date… and recent forecasts show we’re... (Continue reading)

Testimony to Martin Andelman from Homeowner with Bank of America Loan

Testimony to Martin Andelman from Homeowner with Bank of America Loan

Martin’s blog is the place to go for the hard cold facts surrounding the housing crisis. He does not sugar coat reality, which sometimes make his articles hard to swallow. Even so, his blog is a vast well of... (Continue reading)

I have the best readers in the world… I am humbled by their words.

I have the best readers in the world... I am humbled by their words.

Mr. Martin Andelman is providing a much -needed function to humanity with his unfailing actions and skills as a media spokesman and intermediary to the banking/loan-servicing agencies. He needs to be acknowledged and compensated in kind for the work he... (Continue reading)

‘Twas the Night Before Christmas – 2013

'Twas the Night Before Christmas - 2013

'Twas the Night Before Christmas 2013 is an Annual Political and Economic Year in Review I write every year... I've been doing it since 2007, so this year makes it seven years in a row. If you want to... (Continue reading)

Borrowers Facing Foreclosure Should be Dancing in the Streets Over ‘X’ and ‘Z’ and Here’s Why

Borrowers Facing Foreclosure Should be Dancing in the Streets Over ‘X’ and ‘Z’ and Here’s Why

So, there you have it… a solid check mark in the “WIN” column for consumers over the interests of the banking industry. And I don’t think Realtors, mortgage brokers, or even the banks themselves have come to fully understand... (Continue reading)

I’m Betting We Get Extended Tax Relief on Forgiven Mortgage Debt for Christmas This Year

I’m Betting We Get Extended Tax Relief on Forgiven Mortgage Debt for Christmas This Year

Some are starting to worry about what is likely to happen if they let the Act’s tax relief provisions related to foreclosure avoidance expire. I simply don’t think there’s any real chance they won’t extend the Act for at... (Continue reading)

Bay Area Homeowner Writes to Say Thank You to Mandelman Matters and Bank of America

Bay Area Homeowner Writes to Say Thank You to Mandelman Matters and Bank of America

Ahsan Kushkaki discovered Mandelman Matters after Bank of America denied his loan modification. He was desperately seeking someone who might be able to help him explain the situation to the bank and after finding several of the thank you... (Continue reading)

NOW YOU CAN KNOW… How Much Your Investor is Losing by Foreclosing on Your Home.

NOW YOU CAN KNOW... How Much Your Investor is Losing by Foreclosing on Your Home.

I think the entire country is under the impression that servicers foreclose because it’s in the best financial interests of the investors, and perhaps sometimes they do… but data from this trust and others I’ve looked at, to my way... (Continue reading)

CNBC’s Diana Olick Has It Right, Says Housing Markets Headed for Trouble

CNBC's Diana Olick Has It Right, Says Housing Markets Headed for Trouble

Okay, so I'm just giving Diana a hard time... she's got a tough job being the only voice no blaming the whole housing debacle on deadbeat borrowers who all bought home they couldn't afford. Instead, Diana doesn't mention foreclosures... (Continue reading)

Thanksgiving Day Memories and What I Want for the Holidays this Year

Thanksgiving Day Memories and What I Want for the Holidays this Year

How about if everyone who knows how to postpone a sale date, volunteers to help anyone who needs to postpone a sale date in December or at least for the first two weeks of January… in other words help postponing... (Continue reading)

The Rush for Rentals by Investors Turns Into a Run for the Exit

The Rush for Rentals by Investors Turns Into a Run for the Exit

In addition, spurned on by the Fed’s QE and zero-interest-rate policy, Lord knows how many smaller companies and individual investors also jumped on the bandwagon, and as it has the tendency to do, the insanity drove up home prices at... (Continue reading)

I SAY GIVE HIM TWO – Ernie Banks Awarded Presidential Medal of Freedom

I SAY GIVE HIM TWO – Ernie Banks Awarded Presidential Medal of Freedom

Today, Ernie Banks was at the White House being awarded the Presidential Medal of Freedom by President Barack Obama. It is the highest civilian honor that this country bestows, and this year was the 50th anniversary of the award,... (Continue reading)

NOW AVAILABLE: The RMBS Trust/Modification Analysis Report for Homeowners

NOW AVAILABLE: The RMBS Trust/Modification Analysis Report for Homeowners

With this report, when your servicer says they can’t do something… you’ll know whether what they’ve said is accurate or not. Imagine the power of being able to show a mediator exactly what’s been done to modify the other... (Continue reading)

GUEST POST: Don’t Be Concerned Martin Is Dead Wrong, by Michael Pines

GUEST POST: Don’t Be Concerned Martin Is Dead Wrong, by Michael Pines

My article was nonsense, according to Michael Pines? Well, that would certainly be disappointing, I wasn't aware that I had ever written an article that was considered nonsense by anyone. I'm not saying that everyone likes what I... (Continue reading)


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