Posts Tagged ‘mortgages’

Why Foreclosures Won’t Be Stopping Anytime Soon

Why Foreclosures Won’t Be Stopping Anytime Soon

The reason foreclosures won't stop is that life events won't stop happening, and we're no longer able to borrow our way out of trouble.... (Continue reading)

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Richard Antognini, the Lawyer Who Took Yvanova to California’s Supreme Court – A Mandelman Matters Podcast

Richard Antognini, the Lawyer Who Took Yvanova to California's Supreme Court - A Mandelman Matters Podcast

Richard Antognini is the lawyer who took the Yvanova v. New Century Mortgage case to California's Supreme Court. Don't miss what he has to say about the case.... (Continue reading)

University Professors Research Reverse Mortgages, Set Record Straight – A Mandelman Matters Podcast

University Professors Research Reverse Mortgages, Set Record Straight - A Mandelman Matters Podcast

Professor Johnson was actually primarily motivated to study and write about reverse mortgages by the the media's horribly slanted and generally inaccurate coverage of reverse mortgages, and he shares some examples that will make you cringe. A GREAT INTERVIEW FOR... (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)

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)

Ex-Asst. Treasury Secretary Herb Allison Back at Beautiful Connecticut Home

Ex-Asst. Treasury Secretary Herb Allison Back at Beautiful Connecticut Home

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

Worst June EVER for New Home Sales

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

Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability

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

FHFA Subpoenas Data from 64 Issuers of Mortgage Backed Securities

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)

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What We All Should Have Learned by Now About Loan Modifications

What We All Should Have Learned by Now About Loan Modifications

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

As Pressure Mounts, Bank of America Plans Principal Reductions for Underwater Homeowners

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

Fox Business Reports: Leaked Document Shows Obama Considering Changes to HAMP Loan Modification Program

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

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.

ONCE AND FOR ALL, THE ANSWER IS YES.  Water is wet, the sky is blue, and you need a lawyer… Period.

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

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)

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MANDELMAN’S MONTHLY MUSELETTER – ISSUE 5.0

MANDELMAN'S MONTHLY MUSELETTER - ISSUE 5.0

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)

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CNN.com Reports Receiving “Overwhelming Number” of Negative Reviews of Obama Housing Plan

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)

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