Posts Tagged ‘president obama’

Loan Modifications: 500,000 or 1200? All right… ENOUGH is ENOUGH.

Loan Modifications: 500,000 or 1200?  All right… ENOUGH is ENOUGH.

Of course, I’m no real estate expert, but maybe… just maybe… our government should step in and do something about the crimes being perpetrated by banks and mortgage servicers against homeowners and our nation every day in this country. ... (Continue reading)

AP Reports: Government Overstated Jobs Created by Stimulus by Many Thousands

AP Reports: Government Overstated Jobs Created by Stimulus by Many Thousands

And I most definitely want the $28.3 million that the administration was about to piss away on a company offering to staff a call center with a handful of underachievers that will answer questions like: “How do I find the... (Continue reading)

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NACA’s “Save the Dream Tour” Now Disappointing Thousands in Phoenix?

NACA’s “Save the Dream Tour” Now Disappointing Thousands in Phoenix?

So, as you might expect, our single mom tried to call her Wells Fargo representative at the number she had been given while she was saving her dream two months earlier… but she was never put through to her. ... (Continue reading)

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Mandelman’s Monthly Museletter: Issue 4.0

Mandelman’s Monthly Museletter: Issue 4.0

1. A Trial Period Modification is NOT a Modification 2. Mandelman’s Mandates… 3. Bernanke Blathers… 4. A Deflationary Spiral That Dreams of Being a Standstill 5. How’s the President Doing With His Whole Loan Modification Thing? 6. How About a Principal Reduction? Why yes,... (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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Today’s Weather in India: Low 80’s with 32% Humidity… Not a Cloud in the Sky… In Case You’re Interested.

So, I bet you’re wondering how this whole thing happened. Funny story… I was actually trying to get my mortgage modified and since President Obama announced that there was now a fabulous government help-line phone number I could call,... (Continue reading)

Liberal Billionaire George Soros… Major Shareholder in IndyMac/One West Bank

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)

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My Grandmother, Standard Oil & the Banks

With the foreclosure crisis still being allowed to ravage the country unchallenged, the risk to banks going forward is both significant and real. The line between being accepted by the public and being a pariah, is as thin as... (Continue reading)

MY SWAN’S SONG: Testimony Before the United States Senate on the State of Foreclosures & Loan Modifications

I read her testimony throughout last night, until the sun started to rise outside my window. And when I finished, I sat there and I cried. It’s been a long road… and I pray that this document at... (Continue reading)

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Obama’s New Federal Agency: The Comedy Board

President-elect Barack Obama, in a press conference held earlier today at a Georgetown Comedy Club, announced the formation of a new federal agency that will officially operate under the name: The United States of America Comedy Board, or TUSOACB, thus... (Continue reading)

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Giving Money Back, Not Profitable: Federal Reserve Study Proves

The Federal Reserve Bank of Boston released the results of its in-depth study on President Obama’s plan to solve the foreclosure crisis, and the conclusions shocked politicians and bureaucrats alike from coast to coast. ... (Continue reading)

July’s Issue of The Niche Report… Bringing Up the Rear: FDIC Chair Sheila Bair

In case you don’t already know, I wrote the cover story for the May issue of The Niche Report magazine, titled “Pigs, Puppets & People in Peril – The Administration’s Curious Case Against Loan Modification Firms”.  And it was... (Continue reading)

LOAN MODIFICATIONS: IS THIS WHAT I’M SUPPOSED TO BELIEVE??

USE YOUR HEAD. THIS MESS WASN'T YOUR FAULT. POOR PEOPLE WHO WANTED HOMES DIDN'T CAUSE THE WORLD'S BANKING SYSTEM AND WALL ST. TO FAIL. DON’T BE A SUCKER FOR THE BANKS... AGAIN.... (Continue reading)

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I’m Sorry Mr. President That’s Just Not Enough

President Barack Obama traveled to Mesa Arizona this week to tell the country about his Homeowner Affordability & Stability Plan to fix the housing market. I didn't watch his speech. I didn't listen to it on the radio. I didn't... (Continue reading)

NY’s Attorney General Cuomo & The Loan Modification Industry

Then, proving to me that he was completely ignorant and insensitive about the situation he is investigating, Cuomo said: "No one has to pay for this service."
 Well, alrighty then. At 48 years old I have just been shown the country’s... (Continue reading)

It’s Time to Play… Housing Jeopardy!

ANNOUNCER:Yes, it's time to play Let's Solve the Housing Crisis on the game that at least half the country loves: Heal the Misfortune!... (Continue reading)

Have You Called the Homeowner’s HOPE™ Hotline?

One of the things that concerns me is the way Ms. Hernandez talked about the need for even more patience than usual, saying: "The recent dramatic increase in calls to the hotline may require homeowners to be more patient... (Continue reading)

Obama Administration is Drawing Up Plans to Disclose Conditions of Biggest Banks

Here we have a senior official who declined to speak on the record because: “the extent of the disclosures were still being debated?” Were they now? By the Obama administration? Now that’s transparency. Change I can Goddamn... (Continue reading)

HUD Says Hope-4-Homeowners Modified ‘1′ Mortgage.

Yes, you read that right… just one very lonely mortgage.  Only 399,999 more to reach their goal! Well, it’s been a long time coming in my opinion, but Brian Sullivan of Fox Business News has finally looked under the covers... (Continue reading)

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Obama’s Campaign Against Mortgage Modifications

President Obama has apparently embarked upon a campaign to put all private sector loan modification firms out of business because some are apparently scams. It's a curious approach when you consider that there have been and continue to be... (Continue reading)