Posts Tagged ‘Federal Reserve Chairman Ben Bernanke’

The 2 Attorneys that Won $16 million Jury Verdict Against PHH Mortgage – A Mandelman Matters Podcast

The 2 Attorneys that Won $16 million Jury Verdict Against PHH Mortgage - A Mandelman Matters Podcast

This is not the first decision that punished a servicer for mistreating a homeowner in the loan modification process, in fact this past year there have been a dozen or more around the country. I think it's safe to... (Continue reading)

A Visit to the Front Lines: Richmond, California, Eminent Domain & Mortgage Resolution Partners

A Visit to the Front Lines: Richmond, California, Eminent Domain & Mortgage Resolution Partners

So, I went to visit Richmond, California, so I could see what the town looked like, and to sit and talk face to face with the CEO of Mortgage Resolution Partners. Join me below and I'll take you on... (Continue reading)

We All Agree: We want to keep people in their homes if possible… sort of.

We All Agree: We want to keep people in their homes if possible… sort of.

So, if Wells Fargo was now willing to allow Arthur to sell the home he’d built and lived in since 1988 for $375,000… why not sell the home to Arthur for $375,000, and Arthur would use a reverse mortgage for... (Continue reading)

Why Does Ocwen Want to Modify Loans? Answer: Because they profit by doing so.

Why Does Ocwen Want to Modify Loans?  Answer: Because they profit by doing so.

The thing is that no one wants to think that the horror show we’ve all witnessed these last five years hasn’t been part of a nefarious plot to steal homes and take over the world somehow. That would at... (Continue reading)

Garfield In & Garfield Out. Neil’s Wrong on Servicer Advances.

Garfield In & Garfield Out.  Neil’s Wrong on Servicer Advances.

Tweet   When it comes to legal theories related to foreclosure, Neil Garfield’s Living Lies Blog would have to be considered nothing short of jam packed.  An attorney, now practicing law in Florida, his ideas about foreclosure defense could be... (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)

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)

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)

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)

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)

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)

We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People

We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People

This is not a tragedy that discriminates. The race diminished as a result of what is being allowed to transpire will be “human”. ... (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)

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)

GLASKI TAKES A HIT: California Court Rejects Reasoning in Glaski Decision

GLASKI TAKES A HIT: California Court Rejects Reasoning in Glaski Decision

It’s not a matter of the Diunugala case being considered “binding authority,” because it’s not. But the question is, will other California courts consider the case persuasive… and tend to follow the more established case law. If that’s... (Continue reading)

Realtors & Mortgage Brokers: Toughest Year for Housing Markets Since 2010 Ahead

Realtors & Mortgage Brokers: Toughest Year for Housing Markets Since 2010 Ahead

This past September signified the fourth straight month of a decline in existing home sales, while mortgage interest rates hit two-year highs. The Mortgage Bankers Association index of mortgage activity is now at its lowest point since November of... (Continue reading)

IBANEZ & BACK: Attorney Glenn Russell Back in Front of the Mass Supreme Court – A Mandelman Matters Podcast

IBANEZ & BACK: Attorney Glenn Russell Back in Front of the Mass Supreme Court - A Mandelman Matters Podcast

Well, fast forward to today and Glenn Russell is still very much on the attack on behalf of homeowners, in fact, he just finished arguing his latest case, again in front of the Massachusetts' High Court. I don't want... (Continue reading)

The Discovery of Robo-Signing – Memorable Moments from the Foreclosure Crisis

The Discovery of Robo-Signing - Memorable Moments from the Foreclosure Crisis

By now the term "robo-signing" has practically become a household word. But it wasn't always that way. Just a few years ago no one had ever heard the term before. So, where did it all begin... and... (Continue reading)

The Weather In India – Memorable Moments from the Foreclosure Crisis

The Weather In India - Memorable Moments from the Foreclosure Crisis

President Obama said that all I needed to do to avoid foreclosure was get my loan modified. He said to just call my bank directly so I did. And I had the most interesting cultural experience. That... (Continue reading)

Re-Default Redoux… The Debate Over Loan Mods is as Stupid as Ever.

Re-Default Redoux... The Debate Over Loan Mods is as Stupid as Ever.

Another SIGTARP report shows Treasury knows nothing about loan modifications. Big surprise. Look, stop bothering Treasury... they don't want to know, so leave them alone. ... (Continue reading)

Another Hawaii Homeowner Writes to Thank Me for Helping Her Get a Bank of America Loan Modification

Another Hawaii Homeowner Writes to Thank Me for Helping Her Get a Bank of America Loan Modification

Another Hawaii homeowner writes to thank me for helping her with a loan modification at Bank of America. She's the one who did the heavy lifting, and I'm glad I was able to help push it over the finish... (Continue reading)

You’re not STUCK with a low credit score. And you CAN’T afford to ignore it.

You’re not STUCK with a low credit score. And you CAN’T afford to ignore it.

The U.S. Public Interest Research Group showed that nearly 80 percent of credit reports contained inaccuracies, and the mistakes in a quarter of those could result in the individual being denied for credit. 60 Minutes reported that a government study... (Continue reading)

Straightening Out the LA Times, Fannie, Freddie, Strategic Defaults and Deficiency Judgments

Straightening Out the LA Times, Fannie, Freddie, Strategic Defaults and Deficiency Judgments

Writing about strategic defaults for the LA Times this time out was Lew Sichelman, whose ability to remain oblivious to his interweaving of unrelated facts throughout the article was truly something to behold. ... (Continue reading)

Meet Thomas Cox, Esquire. A National Hero in Foreclosure Defense

Meet Thomas Cox, Esquire. A National Hero in Foreclosure Defense

Portland Maine attorney Thomas Cox is a national hero of the foreclosure crisis. Frankly, I thought everyone already knew that, but apparently not. So, if you aren't already familiar with what Tom has done and continues to do... (Continue reading)

Deadly Clear Blog is Dead Wrong on UETA, E-Sign & Foreclosure… A Guest Post by Attorney Tom Cox

Deadly Clear Blog is Dead Wrong on UETA, E-Sign & Foreclosure... A Guest Post by Attorney Tom Cox

Here's a Guest Post by Tom Cox in response to a Deadly Clear post, "Is the Promissory Note Even Enforceable?" But the short answer is that the only thing that's deadly clear about the post is that if you try... (Continue reading)

Painless Saving: Tricking Yourself into Saving a lot More Money

Painless Saving: Tricking Yourself into Saving a lot More Money

So, now I’m going to attempt the impossible. I’m going to show you how to beat back the obstacles to saving more… by tricking yourself into saving more… painlessly. Without you feeling it at all. Seriously... you... (Continue reading)

Carpe Domum! The Little City that Could: Richmond, California

Carpe Domum!  The Little City that Could: Richmond, California

Dear Richmond… You’re being outright threatened by literally ALL THE MONEY IN THE WORLD, and I don’t think there’s any question that they will, if nothing else, attempt to force you to drop the whole thing by tying you up... (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)

Hear Tom Cox Fight Foreclosure in Maine Supreme Court – Color Commentary by Max Gardner

Hear Tom Cox Fight Foreclosure in Maine Supreme Court - Color Commentary by Max Gardner

That's right, as Tom Cox fights to save his client's home from foreclosure, I ask Max Gardner to help us better understand what's going on and why... the background behind Tom's most penetrating arguments... and why it's such a specialized... (Continue reading)

New Abuses in the Foreclosure Process Make the Dire… Dreadful

New Abuses in the Foreclosure Process Make the Dire... Dreadful

More than any other single factor, shame has made it possible for this country to lose over six million homes to foreclosure... and relative to the number of homes lost, they’ve been lost without a peep uttered in protest. ... (Continue reading)

When Lawyers Break the Rules… The Code of Conduct for Florida Attorneys

When Lawyers Break the Rules... The Code of Conduct for Florida Attorneys

So, what does the Florida Bar’s Rules of Professional Conduct have to say about Szymoniak’s representation of Mr. Figueroa, as viewed in light of the emails between the two, over that six month period when Szymoniak was Damian's lawyer... (Continue reading)


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