Saturday 11th February
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Ex-Asst. Treasury Secretary Herb Allison Back at Beautiful Connecticut Home
Written on 18 Mar, 2011 at 12:04
See, because in the old days public servants, those that worked for the government, seemed to make less money than Phil Donahue or Marlo Thomas. They didn't used to have 7,379-sq.ft. 1911 wood and stucco $25 million Greens... (Continue reading)
Worst June EVER for New Home Sales
Written on 27 Jul, 2010 at 7:12
Adjusted down to a rate of 267,000 annual sales was the worst month on record. That "rate," and I do love the way they report monthly numbers as an "annual sales RATE," means that 22,250 new homes were... (Continue reading)
Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability
Written on 21 Jul, 2010 at 19:16
Perhaps most notably, but least mentioned, the bill requires the credit rating agencies, Moody’s, Fitch, and Standard & Poors, to not only be more transparent, but also potentially liable for issuing “bad ratings” on bonds. The role of the... (Continue reading)
FHFA Subpoenas Data from 64 Issuers of Mortgage Backed Securities
Written on 13 Jul, 2010 at 5:25
Uh oh. Someone’s gonna’ be in big trouble… as in… Lucy, you got some ‘splainin’ to do. Is it warm in here all of a sudden?... (Continue reading)
What We All Should Have Learned by Now About Loan Modifications
Written on 7 Apr, 2010 at 4:33
Okay class... if you've been keeping up with your reading assignments, then the following should be no problem for you to keep up with... but it also may cause motion sickness.... (Continue reading)
As Pressure Mounts, Bank of America Plans Principal Reductions for Underwater Homeowners
Written on 24 Mar, 2010 at 14:44
Bank of America will offer qualified homeowners an interest-free forbearance of principal that the homeowner can turn into forgiven principal annually over five years, provided they stay current on their mortgage payments. Over the five-year period, homeowner can bring... (Continue reading)
Fox Business Reports: Leaked Document Shows Obama Considering Changes to HAMP Loan Modification Program
Written on 21 Feb, 2010 at 8:29
Clearly, these proposed rules are being considered, assuming that they are in fact being considered, in response to our nation's lenders' and mortgage servicers' flagrant and total disrespect and disregard for the federal government's Making Home Affordable Program... (Continue reading)
SPOTLIGHT ON: The Law Offices of Kenneth E. Gertz
Written on 10 Feb, 2010 at 5:50
I’ve gotten to know Ken well over the last six months and I’ve had the opportunity to see how he works. First of all, Ken takes on a relatively small number of clients each month. He’s no assembly... (Continue reading)
ONCE AND FOR ALL, THE ANSWER IS YES. Water is wet, the sky is blue, and you need a lawyer… Period.
Written on 31 Jan, 2010 at 22:02
So, when an attorney fails to get a bank to agree that it would make more sense to modify a loan… when it would, by the way… and the bank forecloses anyway… let’s blame the people that are actually to... (Continue reading)
Loan Modifications: Obama’s Part of Problem, Not Solution
Written on 29 Nov, 2009 at 6:53
President Obama… we haven’t heard from you on the housing and foreclosure crisis since last spring when you gave a speech to adoring and cheering crowds. You set their expectations way above what your program delivers, your administration has... (Continue reading)
MANDELMAN’S MONTHLY MUSELETTER – ISSUE 5.0
Written on 10 Nov, 2009 at 0:47
1. University of Miami Law School says homeowners should hire lawyers if at risk of foreclosure. 2. Is the Great Recession Over in the Headlines? 3. ABC's Bob Weir and Truth. 4. House painting as a career choice. ... (Continue reading)
CNN.com Reports Receiving “Overwhelming Number” of Negative Reviews of Obama Housing Plan
Written on 29 Jul, 2009 at 13:10
Servicers charging loan modification fees? See, I had thought President Obama said that no one should ever have to pay for a loan modification. No? No kidding… I was almost positive that’s what he said. ... (Continue reading)
