Posts Tagged ‘one west bank’

‘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)

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)

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)

Why I haven’t written about the declarations by ex-Bank of America employees.

Why I haven't written about the declarations by ex-Bank of America employees.

I’m watching a fight for millions in cash that involves banks, pissed off ex-bank employees, and class action lawyers... and I’m supposed to be able to pick out which one is telling the most truth? Isn’t that like asking... (Continue reading)

What people NEED to know about the foreclosure crisis in 2013 & 2014

What people NEED to know about the foreclosure crisis in 2013 & 2014

My point is that the increasing sales volume of non-performing loans means the unthinkable... that it’s going to get even worse for homeowners who are seriously delinquent and need to get their loans modified in order to keep their homes.... (Continue reading)

What Happens in Nevada with Foreclosures, Ends Up on Mandelman Matters

What Happens in Nevada with Foreclosures, Ends Up on Mandelman Matters

It absolutely fascinates me, for example, that the Nevada legislature, in amending the law, took the time to write in a sentence saying: “require an affidavit containing a local or toll-free telephone number at which borrowers can obtain the current... (Continue reading)

Using the California Homeowner Bill of Rights to Fight Foreclosure

Using the California Homeowner Bill of Rights to Fight Foreclosure

So... for California homeowners facing foreclosure... who know the facts and have been unable to get a resolution to their situation... there's the California Homeowner Bill of Rights. Other states are considering adopting the same sort of legislation and... (Continue reading)

Discussing Foreclosure Crisis Solutions with Impac Mortgage CEO Joe Tomkinson

Discussing Foreclosure Crisis Solutions with Impac Mortgage CEO Joe Tomkinson

I think Impac has proven that it has the capability and desire to be a meaningful part of the solution to the foreclosure crisis... they successfully modified tens of thousands of loans, and in general, they got loans modified in... (Continue reading)

One Bank Did Right by Homeowners & Shareholders – A Story You Haven’t Heard Before

One Bank Did Right by Homeowners & Shareholders - A Story You Haven't Heard Before

There is one mortgage banker that did it right for their shareholders and borrowers. They didn’t take TARP funds or any sort of tax-payer funded bailout... instead they took their losses, restructured the company, and protected their shareholders... ... (Continue reading)

Illinois Latest State to Make Foreclosing Much Harder

Illinois Latest State to Make Foreclosing Much Harder

Okay, so that’s GAME OVER for the State of Illinois. Ball four... take a hike... we’ll see you back here in 2014 or 2015. Take some time off, you deserve it. ... (Continue reading)

Understanding Elite Fraud and the Mortgage Meltdown with William K. Black – A MM Podcast

Why has no one at the top been investigated or prosecuted for fraud or anything else for that matter as related to the financial meltdown that has destroyed trillions of dollars in consumer wealth? Especially when William K. Black's... (Continue reading)

Two Weeks in the Life of Mandelman Matters

Two Weeks in the Life of Mandelman Matters

It’s hard to describe what I do when I say I help homeowners. I’m not a lawyer and I never offer anything close to legal advice. I'm not a mortgage expert either. I think my value is... (Continue reading)

Things I think homeowners should know about loan modifications & HAMP-2

Things I think homeowners should know about loan modifications & HAMP-2

I’m not saying that HAMP is the best solution I could come up with, but under the circumstances, I don’t see anything better… or frankly anything close as far as keeping people in homes. I end up helping a... (Continue reading)

In the Words of Goldman Sachs CEO, Lord Blankcheck…

In the Words of Goldman Sachs CEO, Lord Blankcheck...

So, have you ever wondered what Goldman Sachs CEO is saying when the cameras aren't on, own what goes on under that highly polished dome of his? Well, I sure have. ... (Continue reading)

My Financial Recovery Plan for the Middle Class: Whistle While You Work

My Financial Recovery Plan for the Middle Class: Whistle While You Work

There's no reason to wait another day to begin building your Whislteblowing Futures Empire. It requires the smallest if investments, and the leverage involved can turn out to be off the charts... I mean, we're talking tens of thousands... (Continue reading)

Fannie Mae Wants Consequences for Strategic Default

Fannie Mae Wants Consequences for Strategic Default

Fannie Mae hates strategic default. Then you say it’s bad for communities, Terrence, why do you think that’s the case? I mean… bad is a relative term, wouldn’t you agree. And, in terms of doing bad things... (Continue reading)

UTAH Foreclosure Help from Mandelman Matters – START HERE

UTAH Foreclosure Help from Mandelman Matters – START HERE

I decided that I had to do more to help stop homeowners from getting ripped off, by providing the state specific information homeowners need to make the right decisions for their individual goals and circumstances. Moving forward on the... (Continue reading)

Attention Homeowners & Lawyers: AG Mortgage Settlement Launches Online Complaint Sites

Attention Homeowners & Lawyers: AG Mortgage Settlement Launches Online Complaint Sites

I for one am glad to see that this country is finally taking the foreclosure crisis seriously and that my tax dollars are being put to good use, and I really do hope that everyone take advantage of the new... (Continue reading)

Crimes of Hubris, Ineptitude & Folly: Geithner, Summers and Obama

Crimes of Hubris, Ineptitude & Folly: Geithner, Summers and Obama

Decisions made by Larry Summers have been disastrous for this nation… that much is abundantly clear. Tim Geithner’s been no peach either. Together their folly has cost our country incalculable amounts of money, but further, they have caused... (Continue reading)

GUEST POST: A Letter to President Obama, from James Deal, Attorney at Law

GUEST POST: A Letter to President Obama, from James Deal, Attorney at Law

I write to identify a policy change that would add trillions of dollars of liquidity to the housing market overnight. It would stimulate home sales, stabilize home prices, and reduce the number of home foreclosures.... (Continue reading)

MUST SEE TV: WA State Supreme Court Hears Arguments in Case Against MERS

MUST SEE TV: WA State Supreme Court Hears Arguments in Case Against MERS

The video below puts you in the courtroom to watch as both sides of the debate present oral arguments related to MERS’ involvement in the foreclosure process in front of the nine justices of the Washington State Supreme Court.... (Continue reading)

Ellen Brown, President of the Public Banking Institute, Has a Plan – A Mandelman Matters Podcast

Ellen Brown, President of the Public Banking Institute, Has a Plan - A Mandelman Matters Podcast

If you're not already familiar with Ellen Brown, then I might as well just go ahead and say: "Your welcome," because I can't imagine anyone not liking this prolific blogger, author of 11 books, attorney, and President and Chairman of... (Continue reading)

Max Gardner & Nye Lavalle Together in Concert – A Mandelman Matters Podcast

Max Gardner & Nye Lavalle Together in Concert - A Mandelman Matters Podcast

Having Nye Lavalle and Max Gardner together is a rare event. Together, they would have to be considered the founding fathers of today's foreclosure defense movement, so this is an opportunity to learn how it all began and where... (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)

New Jersey Supreme Court’s Guillaume decision meaningless – Should foreclosure defense rethink its strategy?

New Jersey Supreme Court's Guillaume decision meaningless - Should foreclosure defense rethink its strategy?

Why is there no effort to hold the administration and member of Congress accountable for what has clearly been their failure related to the federal government’s loan modification initiative? Why are we accepting such utter failure and holding them... (Continue reading)

Economy Recovering? No, it’s not. Housing? NO. Unemployment? NO. Stock Market? NO.

Economy Recovering? No, it's not. Housing? NO. Unemployment? NO. Stock Market? NO.

So… housing is not, not, not at bottom, – check. Unemployment not improving – check. And does the stock market at 13,000 mean something to the economy? Nothing good – check.You might want to bookmark this page, so... (Continue reading)

Bank sues itself, wins, and then forces itself into bankruptcy to satisfy judgment

Bank sues itself, wins, and then forces itself into bankruptcy to satisfy judgment

So, why did I write this? Because it makes just as much sense as everything else that’s going on in this country, and at least it made me smile. ... (Continue reading)

Insider Says Wells Fargo’s Independent Foreclosure Review for OCC is “a Sham”

Insider Says Wells Fargo’s Independent Foreclosure Review for OCC is “a Sham”

What follows is a podcast featuring the "whistle blower"... the anonymous independent file reviewer working for Promontory on the Wells Fargo Bank account that reached out to us because he was fed up. I verified his identity and spoke... (Continue reading)

It’s Gretchen Morgenson from The New York Times – A Mandelman Matters Podcast

It's Gretchen Morgenson from The New York Times - A Mandelman Matters Podcast

Lately, Gretchen has been really going strong on foreclosure-related topics... the fraudulent document scandal, the Fannie report, DocX, the AG settlement, so I thought now would be a good time to have her on a Mandelman Matters Podcast.... (Continue reading)

URGENT DOER ALERT – Wells Fargo You’ve deceived, confused and beaten another senior into submission

URGENT DOER ALERT - Wells Fargo You’ve deceived, confused and beaten another senior into submission

Wells Fargo… let me be clear about this because time is short. Particia Martin is scheduled for UD Court tomorrow. So, you have some law firm, some unsuspecting foreclosure mill, no doubt… and you should call and cancel... (Continue reading)

The Good, the Bad and the Ugly in the Mortgage Settlement

The Good, the Bad and the Ugly in the Mortgage Settlement

The settlement agreement is supposed to help one million households by reducing their loan balance reduced. There’s no way is there enough money in this settlement to do all that much for anyone. But Obama has said it’s... (Continue reading)

Foreclosing on Oscar… Mandelman’s List of Best Picture nominees

Foreclosing on Oscar… Mandelman's List of Best Picture nominees

I haven’t actually seen any of them, but I’ve gone ahead and described them, so you can see the candidates through my somewhat jaded perspective… and my list is likely a little different than the others you’ll run across… I... (Continue reading)

Foreclosure Politics Here and Across the Pond – Professor David Coates on a Mandelman Matters Podcast

Foreclosure Politics Here and Across the Pond - Professor David Coates on a Mandelman Matters Podcast

This Mandelman Matters Podcast with Professor David Coates is not the same thing you've heard before, as he covers the foreclosure crisis both here in the U.S and in the UK. He also talks about the global financial crisis... (Continue reading)

Freddie Mac’s Crimes Against Homeowners are NOT an Isolated Incident

Freddie Mac’s Crimes Against Homeowners are NOT an Isolated Incident

ProPublica is reporting that Freddie Mac has been placing “multi-billion dollar bets designed to only pay off when homeowners remain “trapped” in high interest rate loans, and that the government-owned mortgage monster began increasing such bets late in 2010, which... (Continue reading)

Our DOERS DID IT Again… One West Bank Stops Sale in East!

Our DOERS DID IT Again... One West Bank Stops Sale in East!

DOERS... you did it again. That's 7 out of 7 DOERS... we really are DOING it and making a real and very meaningful difference not only for the homeowners whose homes we've saved by helping them get sustainable loan... (Continue reading)

DOER ALERT: OneWest Bank Needs to STOP a Foreclosure Sale Monday Because It’s WRONG

DOER ALERT: OneWest Bank Needs to STOP a Foreclosure Sale Monday Because It's WRONG

In just two days from now, on Monday, January 30, 2012, at 3:00 PM… a terrible, tragic and yet easily avoidable event is scheduled to occur… and MUST BE STOPPED. OneWest Bank is scheduled to conduct a foreclosure auction... (Continue reading)

Look, this just isn’t that hard… The Solutions to Pressing Problems.

Look, this just isn't that hard... The Solutions to Pressing Problems.

If Mickey Mouse is going to sign it, and Donald Duck is going to notarize it... THEN DON'T SIGN IT... because we don't need it signed. BUT... if we DO need it signed, then don't forge it and file... (Continue reading)

Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”

Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”

Reducing mortgage balances is a risky idea that hasn’t been shown to keep borrowers who owe more than their property’s worth in their homes, according to Credit Suisse Group AG. (CSGN). Suspending accounting rules is a risky idea that hasn’t been... (Continue reading)

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I’ve found the problem in Washington… it’s some sort of time warp, or they’re just dumb.

I’ve found the problem in Washington… it’s some sort of time warp, or they're just dumb.

How does the Fed write a white paper and present it to the United State Congress that is packed with proof positive of an entirely inadequate level of knowledge, understanding… education, even? Am I going to find out that... (Continue reading)

Are they lying or are they stupid?

Are they lying or are they stupid?

Look… are you feeling me here? Do you see what I’m saying? What’s the deal? Are they lying or are they stupid, because there’s no way in the world we should be talking about whether the FOMC... (Continue reading)

The Quiet Man… Utah Attorney Walter Keane – A Mandelman Matters Podcast

The Quiet Man... Utah Attorney Walter Keane - A Mandelman Matters Podcast

Utah Attorney Walter Keene is the lawyer that filed four quiet title claims last year, which means he was seeking to obtain a court order granting clear title to the properties in question. And all four were granted by... (Continue reading)

MY DOERS DID IT AGAIN! But it’s not over yet. (And Holly Says Thank You!)

MY DOERS DID IT AGAIN!  But it's not over yet. (And Holly Says Thank You!)

I don't usually do this, but with Holly's permission, I've posted the three emails I received from her today. I get a lot of very flattering emails from homeowners across the country, and I appreciate them all very much...... (Continue reading)

DOER ALERT: Wells Fargo Bank… How could you do this to a mother of four?

DOER ALERT: Wells Fargo Bank… How could you do this to a mother of four?

Doug and Holly were excellent customers of your bank for over 16 years, and then they hit a rough patch. They needed the bank’s help… some guidance to get them through difficult times. You had a chance to... (Continue reading)

OhioFraudclosure Blog Warns… Fannie & Freddie Eviction Moratorium Ends January 3rd

OhioFraudclosure Blog Warns... Fannie & Freddie Eviction Moratorium Ends January 3rd

So, below is a video that Marco just put together. It's dramatic... disturbing even. It includes footage of the sheriff coming to evict a family, obviously without notice... or at least without adequate notice. Marco put the... (Continue reading)

ALJAZEERA… The year’s top story is not getting coverage…

ALJAZEERA... The year's top story is not getting coverage...

ALJAZEERA: "If you want to find out about this story of the year and years past, in all of its disgusting detail, you can't just trust major media. You have to read Matt Taibbi in Rolling Stone, a music magazine,... (Continue reading)

GUEST POST: Bob Cratchit Speaks Out on Christmas Foreclosure Freezes, Rated ‘PG-13’

GUEST POST: Bob Cratchit Speaks Out on Christmas Foreclosure Freezes, Rated ‘PG-13’

Every year I take a whole week off at Christmastime. Of course, it wasn’t always that way. When I started working for my Uncle Scrooge years ago, he never would have allowed that. In fact, back then,... (Continue reading)

HO, HO, HOmeless… A Sobering View of the Crisis Affecting Us All

HO, HO, HOmeless... A Sobering View of the Crisis Affecting Us All

And to the homeowners who feel ashamed… who have suffered the indignity of losing a home in silence… this wasn’t your fault. You didn’t break the bond market and send housing prices into a free fall. You didn’t... (Continue reading)

‘Twas the Night Before Christmas – 2011

'Twas the Night Before Christmas - 2011

And, since it is the holidays, it's also time for my annual year-in-review-in-rhyme, read to the famous holiday poem, 'Twas the Night Before Christmas. I started writing my 'Twas the Night year-in-review in 2007, or at least that's the year... (Continue reading)

Mandelman on The News Dissector Radio Show with Danny Schechter

Mandelman on The News Dissector Radio Show with Danny Schechter

I was a guest on the News Dissector radio show with Danny Schechter out of NYC. And I was joined by one of the Occupy Wall Street organizers and Capt. (Ret.) Ray Lewis. Check it out... given the... (Continue reading)

Foreclosure Fraud North by Northwest with Attorney Shawn Newman, A Mandelman Matters Podcast

Foreclosure Fraud North by Northwest with Attorney Shawn Newman, A Mandelman Matters Podcast

A Mandelman Matters Podcast - Washington State attorney, Shawn Newman is fighting to protect the rights of homeowners. His legal theories and experiences in court related to Fannie and Freddie "owned" loans are interesting, to say the least, and... (Continue reading)

The Stalinist Era of Consumer Protection

The Stalinist Era of Consumer Protection

Now, when right in front of our eyes, the banking lobby is pushing to make the only federal agency whose role is to protect consumers entirely toothless, once again we’re failing to make our voices heard. I know this... (Continue reading)

Register of Deeds, Jeff Thigpen, Is Not Playing Around – A Mandelman Matters Podcast

Register of Deeds,  Jeff Thigpen, Is Not Playing Around - A Mandelman Matters Podcast

Well, I caught up with Jeff after receiving a "friend request" from him on Facebook... I recognized the name right away and sent him a note asking him to join me for a podcast... and he said yes, of course.... (Continue reading)

Author Michael Hudson Knows The Monster – A Mandelman Matters Podcast

Author Michael Hudson Knows The Monster - A Mandelman Matters Podcast

Here's something you can't do anywhere else... listen to author Michael Hudson not only talk with me about his book, but listen to how he applies his vast knowledge of the subject matter to what's going on today in our... (Continue reading)

DeMarco of the FHFA… Like when the baby gets a hold of a hammer.

DeMarco of the FHFA... Like when the baby gets a hold of a hammer.

So, I’m bringing all of this up because Mr. Edward DeMarco, who is just the "acting" director of the independent federal agency that placed both Fannie Mae and Freddie Mac into conservatorship in the fall of 2008, has actually become... (Continue reading)

Mandelman’s Monthly Museletter – Version 16.0

Mandelman's Monthly Museletter - Version 16.0

In this edition you'll find: 1. Robo-signing KILLS... 2. OCC proposes credit rating duties go to banks - A real conversation with a banker-friend of mine. 3. PMI Files Bankruptcy - Regulators step in and take over yet another mortgage... (Continue reading)

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A Foot Soldier in the Foreclosure Wars – Matt Weidner, A Mandelman Matters Podcast

A Foot Soldier in the Foreclosure Wars - Matt Weidner, A Mandelman Matters Podcast

I wanted to have Matt on a podcast so both homeowners and other lawyers would have an opportunity to hear his views on the crisis today, and specifically what he's seeing in the Florida courts. And sure enough, Matt... (Continue reading)

Unmistakably April Charney – A Mandelman Matters Podcast

Unmistakably April Charney - A Mandelman Matters Podcast

So, whether you're a homeowner fighting to keep your home... or a lawyer who represents homeowners in foreclosure, here's an opportunity to hear what April has to say about where we've been, where we are today, and where she thinks... (Continue reading)

Home sales contracts are falling apart 2X as fast as last year

Home sales contracts are falling apart 2X as fast as last year

Why? Well, according to the Realtors, it’s credit scores and appraisals coming in too low. Well shave my head and call me Baldy… what do you know about that? I certainly do declare, how can such a... (Continue reading)

We’re Going to Need a Bigger Horse… Portland police back down, rather than engage Occupy Portland protesters

We're Going to Need a Bigger Horse... Portland police back down, rather than engage Occupy Portland protesters

We need, as perhaps the late, great Steve Jobs might have said... to think differently, to fight differently. We need to scare them by making them realize that we are their source of power and just as we bestow... (Continue reading)

Our future hinges on just ONE thing…

Our future hinges on just ONE thing...

You know the stereotype… we all do… reckless and greedy people who bought homes they could never hope to afford by signing their names on nothing down, 80/20 “liar loans” with negative amortization and teaser rates of 1%. And... (Continue reading)

Two Movies I Want to See… Bailout! and Margin Call

Two Movies I Want to See... Bailout! and Margin Call

Two movies I really want to see, and I think you will want to see them as well. One is Bailout, and it looks funny and great. The other is Margin Call, and it look dramatic and really... (Continue reading)

Disturbing News from Behind Closed Doors – Attorney Thomas Cox, A Mandelman Matters Podcast

Disturbing News from Behind Closed Doors - Attorney Thomas Cox, A Mandelman Matters Podcast

Tom's going to share some things that are very disturbing... things he's discovered are going on behind closed doors in the mortgage banking industry... thinks you probably haven't heard about before... things we all need to know. Don't even... (Continue reading)

OCC’s Independent Foreclosure Review for Homeowners is Ready – But, so are the Scammers

OCC’s Independent Foreclosure Review for Homeowners is Ready – But, so are the Scammers

The bottom-line is that this does appear to be a chance for people who were treated unfairly as part of the foreclosure process (and Lord knows there are plenty who fall into that category) to get a shot at some... (Continue reading)

The World of the Investor with Attorney Talcott Franklin – A Mandelman Matters Podcast

The World of the Investor with Attorney Talcott Franklin - A Mandelman Matters Podcast

WHAT'S THE DEAL WITH INVESTORS? WHO ARE THEY? ARE THEY LOSING MONEY ON FORECLOSURES? What do the investors think about all these foreclosures? What's the relationship like between investors and servicers? Do investors want to modify loans? Do... (Continue reading)

THE CRAVEN, A Halloween Trick-or-Treat, With Apologies to Edgar Allen Poe

THE CRAVEN, A Halloween Trick-or-Treat, With Apologies to Edgar Allen Poe

Quoth the Craven, "Nevermore."... (Continue reading)

Attorneys: Foreclosure Defense at a Whole New Level – Max Gardner In-person or On video

Attorneys: Foreclosure Defense at a Whole New Level - Max Gardner In-person or On video

Max basically gives attorneys his thirty-year law practice in a box with easy to follow assembly instructions and ongoing support. And there's nothing theoretical about what Max teaches attorneys at his workshops and seminars. In fact, I've seen... (Continue reading)

Optimism Lost, and by Optimism, I mean Ben Bernanke and the NYT

Optimism Lost, and by Optimism, I mean Ben Bernanke and the NYT

I think the nice folks at the New York Times have been spending too much time at Zabars? Because I’m pretty sure it’s not a confidence deficiency… I think it’s money we’re missing… as in income, and the lack... (Continue reading)

Are Homeowners Suffering from LAS – Legal Abuse Syndrome?

Are Homeowners Suffering from LAS – Legal Abuse Syndrome?

Homeowners who have been forced into litigation in an attempt to save their homes, whether choosing to represent themselves, or hire an attorney, are battling against the largest financial institutions in the world in a court system that’s anything but... (Continue reading)

Inside the Obama Administration with Ezra Klein … and Mandelman

Inside the Obama Administration with Ezra Klein … and Mandelman

Klein seems to think that it’s important to understand how the administration got it so wrong… but I could care less. I think the salient point is that they knew they had gotten it wrong soon enough, and yet... (Continue reading)

Two Top Tier Lawyers Ready to Sue Servicers for Defrauding Homeowners

Two Top Tier Lawyers Ready to Sue Servicers for Defrauding Homeowners

It's no secret to anyone close to the crisis that homeowners in distress are routinely lied to by servicers... often homes are lost as a result of those lies... and what's even more shocking than that is how so... (Continue reading)

Former Sub-Prime Lenders Are Back to Profit Off of the Housing Meltdown. Seriously?

Former Sub-Prime Lenders Are Back to Profit Off of the Housing Meltdown.  Seriously?

Basically, the architects of the sub-prime lending that caused the greatest financial crisis in the history of mankind, are now going to profit from the crisis they caused by buying and selling the very sub-prime loans they couldn’t sell before,... (Continue reading)

Mandelman’s Monthly Museletter – Version 15.0

Mandelman’s Monthly Museletter – Version 15.0

1. Obama Administration Leaps Into Action on the Foreclosure Crisis. 2. Nation's poverty rate climbs to 15.1%, highest in 18 years. 3. Obama Says Government to Help More People Refinance… Again. 4. Mortgage Defaults Skyrocket 33% Nationwide in... (Continue reading)

Obama Says Post Office Should Cut One Day of Mail Delivery… Now there’s change we can believe in.

Obama Says Post Office Should Cut One Day of Mail Delivery... Now there’s change we can believe in.

Obviously, Obama has been hard at work on this very important subject, and I think we have to give credit where credit is due. And he’s got more ideas than just cutting a day of mail delivery, oh yes... (Continue reading)

Irresponsible Borrowers Documentary Trailer 2 – We Need Your Support

Irresponsible Borrowers Documentary Trailer 2 - We Need Your Support

Watch it. Link to it. Post it. Support it. Everyone who contributes will be listed in the credits and we plan to take the film all the way to the Academy Awards. If "Inside Job"... (Continue reading)

We’re Simply Not Going to Win this Battle in Courts Alone…

We plan to release the final film by the end of this calendar year. This is an election year. We can’t afford to wait. Please help me change how this country views the tragedy that is the... (Continue reading)

I Failed… and I’m So Very Sorry

I Failed... and I’m So Very Sorry

I don’t know what to say except that I am so very sorry that I let them down. So deeply sorry… and I’ll never forget them… I’ll try never to let something like that happen again. ... (Continue reading)

Mandelman’s Reluctant Analysis of Obama’s Speech – The American Jobs Act

I didn’t want to do this. I was perfectly content ignoring his idiotic drivel as I’ve been doing pretty successfully for over a year. Or, maybe it’s because he hasn’t said anything in over a year, I’m not... (Continue reading)

$6 Billion in Reinsurance Kickbacks to the Banks – Un-reported, Un-Acted Upon & Un-believable

$6 Billion in Reinsurance Kickbacks to the Banks - Un-reported, Un-Acted Upon & Un-believable

Citigroup Inc, Wells Fargo & Co, SunTrust Bank Inc. and Countrywide allegedly required reinsurance partnerships on generous terms that violated the Real Estate Settlement Procedures Act, a 1974 law prohibiting abusive home sales practices.... (Continue reading)

GUEST POST: Prove Fannie & Freddie Innocent Before Suing the Banks – And Here Is How

GUEST POST: Prove Fannie & Freddie Innocent Before Suing the Banks - And Here Is How

For twelve years during and after the Savings & Loan crisis (1988-2000), I led the group of business analysts at PricewaterhouseCoopers that was responsible for monitoring Ginnie Mae’s $600 billion portfolio of mortgage-backed securities. During that period, I learned... (Continue reading)

Geithner is Allowing Banks to Recapitalize on Backs of Homeowners, or… Games Bankers Play

Geithner is Allowing Banks to Recapitalize on Backs of Homeowners, or... Games Bankers Play

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)

If Your Economic Forecasts are Wrong All the Time, Aren’t You Just Guessing?

If Your Economic Forecasts are Wrong All the Time, Aren't You Just Guessing?

Mark Zandi is not only misleading the American public, but he’s also misleading the American government, because he appears to have become the favorite economist of the Federal Reserve, the Treasury Department and the Senate and House Budget and Finance... (Continue reading)

From Insult to Injury and Back to Insult… A New Twist on the Demolition Derby

From Insult to Injury and Back to Insult... A New Twist on the Demolition Derby

I remember a year or two back when Warren Buffett quipped that one solution was to “blow up a lot of houses -- a tactic similar to the destruction of autos that occurred with the ‘cash-for-clunkers’ program.’” He was... (Continue reading)

And the Beat Goes On… Yeah, the Beat Goes On…

And the Beat Goes On… Yeah, the Beat Goes On...

And call me crazy, but I found the news oddly reassuring… you know… like a peanut butter and jelly sandwich and an ice cold glass of milk. ... (Continue reading)

HAMP, HARP, HOP, HOOP… Like Watching Someone Spend $10 Trying to Fly to the Moon

HAMP, HARP, HOP, HOOP... Like Watching Someone Spend $10 Trying to Fly to the Moon

Boy, that sure is a relief, wouldn’t you say? Because, see… I had been under the impression that he had actually been trying to do something big and important and was putting his best foot forward, as it were.... (Continue reading)

No Friend to the Banksters… Attorney Nick Wooten – A Mandelman Matters Podcast

No Friend to the Banksters... Attorney Nick Wooten - A Mandelman Matters Podcast

If I have to introduce Alabama foreclosure defense attorney Nick Wooten to you, then you're not much of a foreclosure crisis news junkie, because Nick has made headlines for his lawsuits against the banksters on behalf of homeowners as much... (Continue reading)

A Walk Down Memory Lane With President Obama & the Mortgage Crisis

A Walk Down Memory Lane With President Obama & the Mortgage Crisis

As a result, homeowners who begin the process of obtaining a loan modification with expectations largely set by the President, are likely to be disappointed at the outcome, regardless the outcome. ... (Continue reading)

Well, Now Isn’t That Interesting… All the News That Fits, We Print

Well, Now Isn’t That Interesting…  All the News That Fits, We Print

1. FDIC is suing former IndyMac CEO for a lot of dough. 2. Obama admits failure on foreclosure crisis. 3. What was the tru cost of the bank bailouts?... (Continue reading)

Mandelman SHOCKS Online Community, Says: “I don’t care about my readers anymore.”

Mandelman SHOCKS Online Community, Says: “I don’t care about my readers anymore.”

And the best part of the whole thing is that even if you’re weren’t a DOER this time around… even if until now you’ve just been a “reader,” it doesn’t matter… ANYONE CAN BECOME A DOER AT ANY MOMENT. ... (Continue reading)

The Independence Rap Video: Because the children ARE our future.

The Independence Rap Video: Because the children ARE our future.

Several classes later, when we were entering the year 1976, I used the opportunity to jump into a musical time machine to travel back to the year 1776 in the City of Philadelphia at the Continental Congress. I was... (Continue reading)

Mandelman’s Monthly Museletter – Version 14.0

Mandelman’s Monthly Museletter – Version 14.0

Happy Independence Day! 1. Bank of America... The wrong house AGAIN? 2. Let's call it: Bernankeconomics. 3. Fifty Million for 7,000 Short Sales, Cash for Sunkers? 4. The OCC says fewer than 5,000 principal reductions in... (Continue reading)

Bringing Up the Rear: Tom Deutsch, Executive Director, American Securitization Forum

Bringing Up the Rear: Tom Deutsch, Executive Director, American Securitization Forum

I asked a friend of mine who is a fairly senior executive at a major bank, although not one of those mentioned here, and he said that he can’t imagine the banks losing them. He explains that the truck... (Continue reading)

GUEST POST: Stop HAMP Discrimination Against the Disabled and the Elderly

GUEST POST: Stop HAMP Discrimination Against the Disabled and the Elderly

Retirees and the handicapped experience higher living expenses, including home maintenance, spiraling healthcare costs, utilities, and other expenses associated with age, disability, and/or deteriorating health. That fact progressively reduces their disposable income and ability to make mortgage payments. ... (Continue reading)

Ohio’s Former AG Marc Dann Talks Hawaii & Fighting Banks – A Mandelman Matters Podcast

Ohio's Former AG Marc Dann Talks Hawaii & Fighting Banks - A Mandelman Matters Podcast

While Marc was in office he was a very vocal opponent of Wall Street, and the mortgage servicers who were... and still are... destroying his state with unnecessary and even illegal foreclosures. And since he's left office, he's defended... (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)

GUEST POST: President Obama, please don’t let them take Grandma’s house!

GUEST POST: President Obama, please don’t let them take Grandma’s house!

A Guest Post by Chicago attorney, Rick Rogers of Rogers Law Group. Rick and I met last year when we attended Max Gardner's Boot Camp in North Carolina last year; we actually shared the Riverview Cabin on Max's ranch... (Continue reading)

The Definition of Dichotomy

The Definition of Dichotomy

So, now the Attorneys General from New York and Delaware are investigating in order to find out whether trillions of dollars in loans were seriously mishandled and therefore are not in the trusts, as the banksters said they were. ... (Continue reading)

Mandelman’s Monthly Museletter – Version 13.0

Mandelman’s Monthly Museletter – Version 13.0

In this issue: 1. Banker-Speak... A new language. 2. An Interesting List. 3. Lessons from History... How we handled foreclosures during the 1930s. 4. I wanted to like Bruce Marks of NACA... but I can't. 5.... (Continue reading)

Fannie Responds to Hawaii’s New Foreclosure Law – Says… WE’RE OUT!

Fannie Responds to Hawaii's New Foreclosure Law - Says... WE'RE OUT!

So, I really didn't know what the banking industry was going to do... I only knew one thing with certainty, even if everyone didn't agree... no way would they conform to the new law governing non-judicial foreclosures. Mediation sounded... (Continue reading)

Please Call the White House Today for Elizabeth Warren… Here’s the Number and a Script. Please Call.

Please Call the White House Today for Elizabeth Warren... Here's the Number and a Script. Please Call.

I had the privilege of meeting Elizabeth Warren about a month ago when she was in San Diego and here are a few of the things she said to me... I wrote them down at the time so I'd have... (Continue reading)


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