Posts Tagged ‘Ocwen’

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)

SECURITIZATION: How our society changed when we learned to turn lead into gold.

SECURITIZATION: How our society changed when we learned to turn lead into gold.

Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don’t need a source for that statistic. Water is wet, the sky is blue, and that’s a fact. Hotel rooms never cost $600... (Continue reading)

When Will the Pivotal Nature of the Foreclosure Crisis be Understood

When Will the Pivotal Nature of the Foreclosure Crisis be Understood

Once you’re underwater, however, as at least half of homeowners are today, you can’t borrow against your home’s equity, nor can you sell your home, so any of those life events are likely to hit you where you live. ... (Continue reading)

Last Minute Reminder: I’m Speaking at Meeting in Seattle This Evening

Last Minute Reminder: I'm Speaking at Meeting in Seattle This Evening

For those in the Seattle area... I'll be speaking to homeowners, lawyers and anyone else interested in the foreclosure crisis at a meeting this evening from 6:00pm - 8:00pm...... (Continue reading)

Bringing Up the REAR – Charles Gasparino, Fox Business Network

Bringing Up the REAR – Charles Gasparino, Fox Business Network

Also, I’m wondering something… when you say that, “foreclosures are a necessary ingredient to the housing market’s recovery,” how many do you figure we’re going to need in order to "recover?" ... (Continue reading)

FOR THE FATHERS

FOR THE FATHERS

But, it’s hard for me to be happy without thinking about the hundreds of thousands or perhaps millions of fathers who while they smile through their day, are also worrying about what will happen tomorrow because they know that, despite... (Continue reading)

SB 729 Fails – California Homeowners Get Banked but not Kissed Once Again

SB 729 Fails - California Homeowners Get Banked but not Kissed Once Again

Tweet California Senate Bill 729 failed to pass in the Senate Banking Committee for the second time in the last two weeks.  In a related story, it seems that the rights of chickens have suffered yet another blow, with the... (Continue reading)

AZ Rep. Seel Drops Amendment Requiring Pre-Foreclosure Chain of Title, 2 Days After Servicer Grants Principal Reduction

AZ Rep. Seel Drops Amendment Requiring Pre-Foreclosure Chain of Title, 2 Days After Servicer Grants Principal Reduction

As a result of that close involvement, Darrell says he personally saw the paperwork indicating both the trustee sale was being cancelled and that the significant principal reduction was being granted as part of Seel’s loan modification. He... (Continue reading)

THEY ONCE WERE LENDERS – Understanding government’s failure to stop bankers OR scammers from destroying homeowners.

THEY ONCE WERE LENDERS - Understanding government's failure to stop bankers OR scammers from destroying homeowners.

And, to add insult to injury, our government has stood by obtuse and witless as these same banks have been permitted to lie, mislead, abuse, disrespect, malign and outright torture homeowners trying to apply for a government program funded by... (Continue reading)

I’m So Happy that I Ignored the whole AGs-Investigate-the-Servicers Thing

I’m So Happy that I Ignored the whole AGs-Investigate-the-Servicers Thing

Well, what they’re calling the Attorneys General “Term Sheet” is out and to kick it all off, I went with an analysis of the AG’s work product written by Joshua Rosner, who is Managing Director at independent research consultancy Graham... (Continue reading)

The Psychology and Politics of Foreclosure

The Psychology and Politics of Foreclosure

Of course, there are times when more stuff happens to more people, and today is obviously an example of such times. The economic conditions that we're experiencing today are causing more foreclosures than at any time since the 1930s. When... (Continue reading)

Sen. Whitehouse Questions Expose a Kinder, Gentler and possibly more Frightened Tim Geithner

Sen. Whitehouse Questions Expose a Kinder, Gentler and possibly more Frightened Tim Geithner

They've finally realized it... do you think? They thought other things would have happened by now as a result of pumping trillions into banks and the economy overall... and they haven't. And housing is in a free fall,... (Continue reading)

Federal Regulators to Bring Enforcement Actions Against Banks… May Get Rid of Hot Towels in Washroom

Federal Regulators to Bring Enforcement Actions Against Banks... May Get Rid of Hot Towels in Washroom

You know what… go to hell. How about the servicers offer “enhanced, streamlined modifications to troubled borrowers” just because it’s the right thing to do? How about the servicers do it because although they can never come close... (Continue reading)

New Fed Governor Sarah Bloom Raskin Gives Me Reason to Hope

New Fed Governor Sarah Bloom Raskin Gives Me Reason to Hope

I read her speech yesterday evening; parts actually gave me chills, and parts left me with a hopeful tear in my eye. She says almost exactly what I’ve written in my articles on at least dozens and at this... (Continue reading)

Tomorrow, February 3rd, is Call Your Attorney General Day to Get Tough on Foreclosure Fraud!

Tomorrow, February 3rd, is Call Your Attorney General Day to Get Tough on Foreclosure Fraud!

Tomorrow is call your Attorney General Day nationwide. I need you to take action here... it's time to be heard. The foreclosure crisis must be stopped and servicers must be held accountable for their crimes.... (Continue reading)

SIGN THIS! StopServicerScams.com Petition Will Go to Geithner, Bair, Bernanke, and Walsh!

SIGN THIS! StopServicerScams.com Petition Will Go to Geithner, Bair, Bernanke, and Walsh!

PLEASE SIGN THIS yourself... but also could you please put in the extra effort and forward it to everyone you know that will also want to sign it? PLEASE? Post it on your Facebook page, your LinkedIn page...... (Continue reading)

Foreclosure Mom’s Rap

Foreclosure Mom's Rap

Here's Foreclosure Mom's rap... nothing further need be said... watch it. And if you're going to try to get your loan modified, get a REST Report... I wouldn't even consider trying it without it. You can find out more... (Continue reading)

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Mandelman’s Uncommon Advice for Getting Through the Loan Modification Process Without Losing It

Mandelman’s Uncommon Advice for Getting Through the Loan Modification Process Without Losing It

There’s no point in sugarcoating this… getting a bank or mortgage servicer to agree to modify a mortgage is never a pleasant experience. In fact, it’s pretty much horrible, even when it’s good. You may finish the process... (Continue reading)

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Bringing Up the Rear: Treasury Secretary Tim “Transparency” Geithner and his Band of Banking Sadists

Bringing Up the Rear: Treasury Secretary Tim “Transparency” Geithner and his Band of Banking Sadists

But Treasury officials told the bloggers that they knew all along that it wouldn’t work, that homeowners would be foreclosed on left and right, but, they explained, that was okay with them. In fact, it was a good thing.... (Continue reading)

NEW! Mandelman in the Morning… Podcast!

NEW! Mandelman in the Morning... Podcast!

Click on the link to tune in to the Mandelman in the Morning Podcast for September 3, 2010... ... (Continue reading)

Banks Kick Consumer’s Butts Once Again – SB 1275 Dies in the California Assembly

Banks Kick Consumer’s Butts Once Again – SB 1275 Dies in the California Assembly

Even though the bill was supported by EVERYONE but the banking lobby, it was rejected 36-30 in the Assembly. Even after it was approved by the state Senate and three Assembly committees. This time… no… but thank you... (Continue reading)

Federal Court: Borrower is INTENDED 3rd Party Beneficiary of HAMP – Homeowner Sues for Breach

Federal Court: Borrower is INTENDED 3rd Party Beneficiary of HAMP – Homeowner Sues for Breach

Potential Game-Changer Alert... District Court Judge Says Homeowner is the Intended Third Party Beneficiary to the contract between Fannie and servicers... and that means the right to sue yours.... (Continue reading)

Mandelman on the News Dissector Radio Show

Mandelman on the News Dissector Radio Show

My goodness, I've been doing quite a few radio programs on the foreclosure crisis and loan modifications and the economy lately, have you noticed? I really like doing the radio show thing, it's a lot easier than writing long,... (Continue reading)

Elizabeth Warren on the Foreclosure Crisis

Elizabeth Warren on the Foreclosure Crisis

Elizabeth Warren: "It's about respect. I believe that the American people ought to be part of the conversation about what's happening in our economy, and what's happening in Washington D.C. and what's happening on Wall Street. I truly... (Continue reading)

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JPMorgan Chase: We Had So Many Buy-Backs That We Had to Put This Policy in Place

JPMorgan Chase: We Had So Many Buy-Backs That We Had to Put This Policy in Place

CHASE now says that their new policy prohibits the postponing of sales, regardless of the reason, if the request to postpone is made within 7 days… or maybe 5 days… or it could be 2 days (depending on who you... (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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Chris Adams, McClatchy Newspapers, Gets It! Servicers Suck!

Chris Adams, McClatchy Newspapers, Gets It!  Servicers Suck!

The motive, he said, was simple: force people into foreclosure as a way to earn higher bonuses. "We would call the customers and ask them what bridge they were going to live under," Ocwen's Ron Davis testified. ... (Continue reading)

Suits Filed Against Sleazy Servicers – Treasury Knew

Another servicer, Ocwen, is apparently in line to receive more than $500 million from the Treasury, but is defending a federal class-action suit for harassing homeowners, charging illegal fees, and adding unnecessary insurance premiums to borrowers' bills. The complaint... (Continue reading)

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