Saturday 21st November
Home » Archives
Cuomo v. Clearing House: The Most Important Supreme Court Decision for Homeowners and Our Economy In Decades
Written on 7 Nov, 2009 at 18:40
So far this year, while most Americans have seemingly been preoccupied with other things, the banking lobby has managed to have its way with every single piece of legislation our legislature has considered or ultimately passed. ... (Continue reading)
Gov. Arnold Rips the California Bar a New One: Refuses to Sign SB 641
Written on 14 Oct, 2009 at 3:05
There’s no question now, but that the Bar is going to have to fix up their own glass house before their going to be allowed to collect dues from their members, and since they’ve been spending so much of their... (Continue reading)
SPOTLIGHT ON ARIZONA FIRM: Real Estate Consulting Services
Written on 13 Oct, 2009 at 2:02
All in all, I wanted to list REC because I've heard from quite a few people that its become hard to tell who you can trust in the Phoenix area, and when you need a loan modification, the last thing... (Continue reading)
Gov. Schwarzenegger Does the Right Thing: Signs SB 94 and Vetoes AB 764
Written on 12 Oct, 2009 at 18:21
I have to say that I was not originally in favor of SB 94's provisions on advance fees, as I saw the language and what I thought to be the original intent as being harmful to homeowners as I saw... (Continue reading)
Phoenix Officers Who Shot Homeowner Needed Better Training
Written on 3 Oct, 2009 at 3:15
First of all, I realize that I wasn’t there. And I understand that the guy had a beer in one hand and a gun in the other. But he was obviously thinking pretty clearly… after all, a couple... (Continue reading)
Liberal Billionaire George Soros… Major Shareholder in IndyMac/One West Bank
Written on 12 Sep, 2009 at 23:21
They declined to participate. Am I the only one that feels like a 5 year-old just told me he or she wasn’t going to take a bath as requested? Oh really? Get in the damn tub now…... (Continue reading)
Wells Fargo’s Exec Forecloses on $12 Million Malibu Beach House – Then Moves in for Summer Fun. And why not?
Written on 12 Sep, 2009 at 19:59
First of all… I’m sure the house-sitting Wells executive that hosted parties throughout the summer never invited anyone from Wells Fargo… or B of A… or Chase, IndyMac, etcetera, etcetera, etcetera. I’m sure most of the exec’s friends are... (Continue reading)
Hyper-Hype Over Hyperinflation
Written on 7 Sep, 2009 at 0:58
What I find most worth noticing is that this past week, the National Association for Business Economics reported that almost half the economists surveyed believed the Fed’s policy to be inflationary. Yet the fact is, not only is the... (Continue reading)
CA SB 94 on Lawyers & Loan Modifications Passes Assembly… 62-10
Written on 4 Sep, 2009 at 5:40
Extending unsecured credit to homeowners that are already struggling to pay their bills, and then having to sue them in order to collect simply isn't a business model that attorneys, or anyone else for that matter, are likely to embrace.... (Continue reading)
Geithner is Allowing Banks to Recapitalize on Backs of Homeowners, or… Games Bankers Play
Written on 3 Sep, 2009 at 2:37
I’ll say one thing for Secretary Geithner: He’s great at distraction. He goes, “Lookie over here.” Then he points his finger towards China… and a pigeon flies out of his ass. You really have to watch this... (Continue reading)
A Day in the Life: Four Homeowners
Written on 30 Aug, 2009 at 2:55
It was the worst of times… it was the worst of times. Okay, so go ahead… tell me your story… Homeowners #1 – The Smiths We bought our home in 2002 for $700,000. By 2005 it appraised for $1.1 million. We... (Continue reading)
Bernanke’s Fed: The Only Decent Thing to Do Is to Deceive Us
Written on 29 Aug, 2009 at 18:10
So, the Federal Reserve said: “Okay, we’re sorry,” and released the information. What? It could happen. It didn’t, of course, but it could… maybe… someday. In real life, the Fed is preparing an appeal. ... (Continue reading)
Bringing Up the Rear: ABA President Edward Yingling
Written on 24 Aug, 2009 at 19:07
“It is now widely understood that the current economic situation originated primarily in the largely unregulated non-bank sector. Banks watched as mortgage brokers and others made loans to consumers that a good banker just would not make and they... (Continue reading)
CUOMO’S CROSSING – An Outsider’s Appraisal of the New HVCC Rules
Written on 24 Aug, 2009 at 18:29
Of course, today Attorney General Cuomo has crossed over to the other side and is looking to play a very different role in the foreclosure crisis. Today, he’s going after mortgage brokers, rating agencies, loan modification firms, Fannie, Freddie…... (Continue reading)
Arizona Judge Orders Wells Fargo to Testify on Loan Modification Practices
Written on 24 Aug, 2009 at 10:28
So, now a federal bankruptcy judge in Phoenix, Judge Randolph Haines, has ordered that a top Wells Fargo executive must come and testify about the bank's loan modification policies. ... (Continue reading)
Obama’s Figured Out What’s Missing in Our Economy…
Written on 4 Aug, 2009 at 12:39
What we’re apparently missing is the “spirit of innovation” and according to the president, we have to recapture it. I knew this was going to end up being our fault somehow. Okay, who was supposed to be watching... (Continue reading)
Democrats Supporting a Bill Allowing NO DOWN PAYMENT on FHA Mortgages?
Written on 18 Jul, 2009 at 14:18
HR600 is about "Seller Assisted Down Payments," which is a euphemism for a scheme that enables people who cannot save enough money to make a down payment, to qualify for FHA insured mortgages. ... (Continue reading)
