Posts Tagged ‘wall street bankers’

Hartford Beats Out Newark for Most Underwater Mortgages… What to Do, What to Do?

Hartford Beats Out Newark for Most Underwater Mortgages... What to Do, What to Do?

However, as it turns out, Newark’s housing market isn’t in the worst shape of any U.S. city. To visit the city with that distinction, you need to head north from Newark about 125 miles… and when you get to... (Continue reading)

I have the best readers in the world… I am humbled by their words.

I have the best readers in the world... I am humbled by their words.

Mr. Martin Andelman is providing a much -needed function to humanity with his unfailing actions and skills as a media spokesman and intermediary to the banking/loan-servicing agencies. He needs to be acknowledged and compensated in kind for the work he... (Continue reading)

We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People

We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People

This is not a tragedy that discriminates. The race diminished as a result of what is being allowed to transpire will be “human”. ... (Continue reading)

Straightening Out the LA Times, Fannie, Freddie, Strategic Defaults and Deficiency Judgments

Straightening Out the LA Times, Fannie, Freddie, Strategic Defaults and Deficiency Judgments

Writing about strategic defaults for the LA Times this time out was Lew Sichelman, whose ability to remain oblivious to his interweaving of unrelated facts throughout the article was truly something to behold. ... (Continue reading)

The “It’s Not Real Money” Argument – Perhaps the Best Way to Make the Banks Look Good in Court

The

The harm caused by our government's abominable handling of the foreclosure crisis... inconceivably made worse the complete absence of any communication on the subject by the Obama Administration... has barely begun to manifest itself let alone be understood... well, seemingly... (Continue reading)

3 out of 3 Dismissed WITH Prejudice! Tom Cox for the Homeowner – A Mandelman Matters Podcast

3 out of 3 Dismissed WITH Prejudice!  Tom Cox for the Homeowner - A Mandelman Matters Podcast

Tweet   Stewart, Sawyer and Oathout… three Maine homeowners… three separate foreclosure cases… each dismissed with prejudice, meaning none of the servicers trying to foreclose gets another chance at foreclosure. And Maine’s foremost foreclosure defense attorney, Tom Cox, gets the... (Continue reading)

Painless Saving: Tricking Yourself into Saving a lot More Money

Painless Saving: Tricking Yourself into Saving a lot More Money

So, now I’m going to attempt the impossible. I’m going to show you how to beat back the obstacles to saving more… by tricking yourself into saving more… painlessly. Without you feeling it at all. Seriously... you... (Continue reading)

Two -Year Housing Recovery Mirage Now Over… Bernanke Hoping to Retire Before Everyone Notices

Two -Year Housing Recovery Mirage Now Over... Bernanke Hoping to Retire Before Everyone Notices

At the end of 2010, the interest rate on a 30-year mortgage was just under 5 percent... 4.97% to be more precise. Over the next 28 months actions taken by the Fed pushed that rate down as low as... (Continue reading)

My Experience with Bank of America, Martin Andelman and Getting My Loan Modified

My Experience with Bank of America, Martin Andelman and Getting My Loan Modified

I wrote this to you and other homeowners because I’ve been a witness to what Martin’s help can lead to and what a homeowner can accomplish even when that homeowner has stopped believing that anything can work. Just because... (Continue reading)

SAFE MONEY INVESTING: An Interview with Mike Moorhead of Tippett Moorhead

SAFE MONEY INVESTING: An Interview with Mike Moorhead of Tippett Moorhead

why aren’t we all saving more? We know we’re not getting younger. Why aren’t we all doing more to put money away to ensure a more secure financial future? Maybe not a lot more... but why not... (Continue reading)

I’m Not a Total Idiot, You Know.

I'm Not a Total Idiot, You Know.

So, I know... you want to read about how a homeowner won some major victory in the courts somewhere... or how someone filed and got quiet title to their property... or how a bank couldn't figure out who owned a... (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)

I’m Back in the Saddle Again… What’d I miss? Nothing, unfortunately.

I’m Back in the Saddle Again... What’d I miss?  Nothing, unfortunately.

I know many have been wondering where I’ve been for the last two months from the slew of emails I’ve received, I thought I’d explain what I didn’t want to explain at the time... and let everyone know that not... (Continue reading)

Goldman Sachs on the Pacific – Inside Countrywide with Michael Winston… A Mandelman Matters Podcast

Goldman Sachs on the Pacific - Inside Countrywide with Michael Winston... A Mandelman Matters Podcast

When Countrywide had aspirations to become “Goldman Sachs on the Pacific,” they recruited Michael to help them get there. They may have appeared to understand when Michael spoke of the programs he would initiate, but soon it was quite... (Continue reading)

End of Credit Markets to Beginning of Bailouts with D.C. Insider, David Min – A Mandelman Matters Podcast

David takes us through concise and easy to understand explanations of most of the major events since the meltdown began on July 10, 2007... the day the credit markets went into a deep freeze that continues to this day. ... (Continue reading)

About foreclosures, our housing markets, and economic recovery… oh, and lying.

Then how in the world can we be "at the bottom," of housing price declines or starting to see ANY sort of "housing recovery" as the MORONS in the media are also reporting TODAY, after receiving your press releases?... (Continue reading)

SCAM PREVENTION PODCAST #3: With the One and Only Max Gardner

SCAM PREVENTION PODCAST #3: With the One and Only Max Gardner

Now, as anyone will tell you... Max Gardner knows this subject like the back of his hand, and he should... he's been at it for some 30 years... before the rest of us had any idea this sort of economic... (Continue reading)

The Fed blew it on Foreclosures. Ooops, we ruined the country?

The Fed blew it on Foreclosures.  Ooops, we ruined the country?

If you make a mistake and cause harm on a scale of the Great Depression, what happens to you? Don’t you even get fired? Reprimanded? A stern talking to?... (Continue reading)

FOMC Meeting Surprise! Committee Finds Justification to Continue Doing What They’re Doing

FOMC Meeting Surprise!  Committee Finds Justification to Continue Doing What They’re Doing

I don't know what we'd do without the FOMC... except maybe... be forced to make real progress in some substantive way. ... (Continue reading)

The Money in the OCC’s Cancelled Independent Foreclosure Review

The Money in the OCC's Cancelled Independent Foreclosure Review

It doesn't look to me like canceling the OCC IFR saved the banks money, in fact it looks to me like it cost banks quite a bit more than they would have paid under the IFR's "Financial Framework" as shown... (Continue reading)

Are Mortgages Fraudulent? The Case from Credit River.

Are Mortgages Fraudulent? The Case from Credit River.

It’s perfectly understandable that many people don’t know what to believe anymore, after all, what we’ve seen happen all around us could drive anyone a little batty. But, understand that holding onto something that’s not true isn’t going to... (Continue reading)

View from Inside the Financial Crisis with Former Treasury Chief Economist Phillip Swagel – A Mandelman Matters Podcast

View from Inside the Financial Crisis with Former Treasury Chief Economist Phillip Swagel - A Mandelman Matters Podcast

Here's your first chance to listen to Phillip Swagel on a Mandelman Matters Podcast... he'll be back again... but you don't want to miss this one because we won't be going backward in time, so click PLAY below and listen... (Continue reading)

In Case You’re of a Mind to Help…

In Case You're of a Mind to Help...

If you're a homeowner who would be interviewed about your specific experience saving your home from foreclosure, or if you have clients you've helped avoid foreclosure and they are okay with me calling to record an interview with them, let... (Continue reading)

What Can DocX’s Brown Do for LPS, Besides Forge a Million Documents

What Can DocX’s Brown Do for LPS, Besides Forge a Million Documents

Is that what I’m to believe? She hid it from LPS. For SIX years. A million documents. And the whole time, LPS must have just thought she was great at getting the signatures she... (Continue reading)

Spire Law Group’s Mass Torte Lawsuit Seeks $43 Trillion from Banks – Former AG Says it’s a FRAUD

Spire Law Group's Mass Torte Lawsuit Seeks $43 Trillion from Banks - Former AG Says it's a FRAUD

They call it a "mass torte," but it can also go by the name "mass joinder," or "multi-plaintif," or whatever other term d'art it might be using tomorrow, but no matter what it's called, the person calling to tell you... (Continue reading)

The Trillion Dollar Mistake That Triggered the Economic Meltdown

The Trillion Dollar Mistake That Triggered the Economic Meltdown

What could Mr. Bernanke and others have done differently? Addressed the real cause of the crisis, the lost trust part... by announcing that the U.S. government would be stepping into the bond market and guaranteeing the investment grade bonds…... (Continue reading)

The Foreclosure Crisis – We Won’t Be Able to Fix It, Until We Understand It

The Foreclosure Crisis - We Won’t Be Able to Fix It, Until We Understand It

By understanding the truth of what happened and why at these two pivotal moments in time, everything else will fall into place, for it was these two moments that set the course for a global economic downturn that, if history... (Continue reading)

Loan Modification Process Improving at BOA and Other Servicers

Loan Modification Process Improving at BOA and Other Servicers

why would Smith publish a report whose only meaningful certainty was to scare even more homeowners away from paying attention to Bank of America's borrower outreach efforts? BOA and its peers were already having a hard time reaching... (Continue reading)

Okay, So Now I Appreciate Mitt Romney

Okay, So Now I Appreciate Mitt Romney

They actually believe that too much regulation is the problem facing our financial institutions… that foreclosures are a good thing for the housing market… that tax cuts for the rich will create prosperity… that people on food stamps won’t get... (Continue reading)

Former SIGTARP Neil Barofsky – The Last Honest Man in Washington – A Mandelman Matters Podcast

Former SIGTARP Neil Barofsky - The Last Honest Man in Washington - A Mandelman Matters Podcast

Settle in and get ready to hear the real inside scoop on how Washington works and too often doesn't. It may cause vomiting and probably shouldn't be listened to if you have a heart condition... I'm really not sure.... (Continue reading)

Fannie’s “Decoy Assignment” a NEW Foreclosure Defense – A Mandelman Matters Podcast with Atty. Tom Cox

Tom has recently discovered a practice employed by the GSE's... Fannie and Freddie. It has to do with what we're calling "The Decoy Assignment," and it's a matter of policy. He's arguing it successfully in court.... (Continue reading)

GAO Study Finds OCC Foreclosure Review too Hard for Us to Understand

The GAO’s report, released earlier this month concluded that the OCC simply made submitting a complaint too difficult for us to understand. We couldn’t figure it out. It was over our collective heads. And so, completely... (Continue reading)

How’s the View from Where You’re Sitting?

If you want my advice... don't read this post, or watch it... just skip this page and head for the sports section or something. I'm sorry I'm even posting it... seriously... click away... while you still can.... (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)

Republican Filibuster Discloses that GOP Opposes DISCLOSURE

 Republican Filibuster Discloses that GOP Opposes DISCLOSURE

Killing this bill facilitates lying to the American people. And short of something that’s kept secret in order to protect our national defense, there is never a reason we should tolerate anyone or anything that does that.... (Continue reading)

LBO AMERICA with Catherine Austin Fitts, A Mandelman Matters Podcast

LBO AMERICA with Catherine Austin Fitts, A Mandelman Matters Podcast

Catherine Austin Fitts has perspective on the housing and mortgage meltdown like no other. Under President George Herbert Walker Bush, she was Assistant Secretary of Housing and Federal Housing Commissioner at HUD, where she basically ran the Federal Housing... (Continue reading)

Chase? Hello? Mr. Dimon? Are You Really Going to Do This to a Single Mom in this Situation?

Chase?  Hello?  Mr. Dimon?  Are You Really Going to Do This to a Single Mom in this Situation?

It was a bad path to be on, as things turned out, but she didn’t know that for about 18 months. Right up until the day Chase sold her home without any real notice, Chase kept saying that they... (Continue reading)

Loan Modifications Stop Foreclosures, Study Shows. DOER ALERT!

Loan Modifications Stop Foreclosures, Study Shows. DOER ALERT!

Don't have time right now? MAKE TIME RIGHT NOW. Read this and DO SOMETHING.... (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)


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