Wednesday 18th September
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CNN.com Reports Receiving “Overwhelming Number” of Negative Reviews of Obama Housing Plan
Written on 29 Jul, 2009 at 13:10
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)
SPOTLIGHT ON: Mortgage Restructuring Solutions
Written on 27 Jul, 2009 at 13:06
Obviously, I like Harvey Garte a lot. He's like an uncle of mine that always tells me when I have something stuck in my teeth, or that my hair is sticking up. And if you ask me, I... (Continue reading)
Ding Dong, Ding Dong… Bad Biz Finder’s Erin Baldwin Hit By Bucket of Water! The Flying Monkeys Are Free!
Written on 24 Jul, 2009 at 16:04
Breaking News: In a freak accident earlier this morning, Bad Biz Finder’s Erin Baldwin was doused by a large bucket of water. A witness reported seeing steam being emitted through her skin, and then she began shrinking in size... (Continue reading)
Support Obama’s Universal CarCare
Written on 23 Jul, 2009 at 0:38
My Universal CarCare program will not cost most taxpayers any more money than they're paying now. I've proposed that the plan be funded through a special sales tax on jewelry, which after what I've done to the economy, no... (Continue reading)
$23.7 TRILLION
Written on 22 Jul, 2009 at 0:29
It occurs to me that transparency is not something you should need to provide. As long as you don’t add any opacity, you’ll have transparency, no? ... (Continue reading)
So, It Wasn’t the Subprimers After All… What Do You Know About That?
Written on 20 Jul, 2009 at 15:18
Sub-prime borrowers hate moving… especially their refrigerators. They can't afford fancy moving companies who come pack everything up and unpack it at the next homestead. They call friends like me who are stupid enough to always own a truck. The... (Continue reading)
The Crowd Laughed…
Written on 20 Jul, 2009 at 8:13
Geithner went on to say: "We have the deepest and most liquid markets for risk-free assets in the world. We're committed to bring our fiscal deficits down over time to a sustainable level. We believe in a strong dollar ... and... (Continue reading)
So, It Wasn’t the Subprimers After All… Go Figure.
Written on 20 Jul, 2009 at 8:06
"The evidence from a huge national database containing millions of individual loans strongly suggests that the single most important factor is whether the homeowner has negative equity in a house -- that is, the balance of the mortgage is greater... (Continue reading)
ISSUE #1.0 of Mandelman’s Monthly Museletter!
Written on 20 Jul, 2009 at 0:37
Subscribe to the Mandelman Muse by clicking the SUBSCRIBE tab and you'll receive my electronic "Museletter" at least once a month... and maybe more often than that... but I'm not promising. Do it today!... (Continue reading)
Attorneys Offering Loan Modification Services Find a Friend in NACBA
Written on 19 Jul, 2009 at 21:37
One of the things the Commission has wanted to do from the beginning was lobby against SB 94 as it was written, and that became more important when the bill was modified just before July 4th to prohibit attorneys from... (Continue reading)
Who Are We Punishing?
Written on 18 Jul, 2009 at 15:57
We wanted to punish Germany after WWI. That's what the Treaty of Versailles was intended to do... punish the country that had caused so much pain. It was a bad idea. Ultimately it led to WWII. We learned, and we... (Continue reading)
Obama’s New Federal Agency: The Comedy Board
Written on 18 Jul, 2009 at 15:37
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)
What Happened On Wall Street and Why
Written on 18 Jul, 2009 at 15:27
But until homeowners are able to refinance their adjustable and recasting mortgages into affordable loans, and foreclosures abate as a result, we'll see no recovery. As they say, this too will pass… but not tomorrow, not next year, and not... (Continue reading)
Joe the Plumber Hired as Journalist
Written on 18 Jul, 2009 at 14:33
This will not be a long article, I promise. I don't even feel like talking about it much, to tell you the truth. I don't even know why I started it. I mean, I don't have the foggiest idea of... (Continue reading)
Income Inequality Gap Widens, Government Report Shows
Written on 18 Jul, 2009 at 14:22
"It remains to be seen just how far the rich have fallen behind," said Sen. Bunkie T. Witherspoon III (R-Texas). "It may only be a temporary problem and the federal government has no business giving further entitlements to the rich... (Continue reading)
Democrats Supporting a Bill Allowing NO DOWN PAYMENT on FHA Mortgages?
Written on 18 Jul, 2009 at 14:18
HR600 is about "Seller Assisted Down Payments," which is a euphemism for a scheme that enables people who cannot save enough money to make a down payment, to qualify for FHA insured mortgages. ... (Continue reading)
Changing the Way the President Gets Elected and What it Means to Your Business
Written on 18 Jul, 2009 at 14:11
A long, long time ago there were "Media Kings". They had names like King Henry and King George. Sure, they also controlled armies and wealth, but as they were soon to discover, it was their control of the media that... (Continue reading)
The Employer No Choice Act
Written on 18 Jul, 2009 at 13:57
The new legislation essentially gets rid of the secret ballot election that in the past, has always been held to determine the outcome of a unionization drive. But that isn't really that bad, is it? I don't know what all... (Continue reading)
Confidence Lost
Written on 18 Jul, 2009 at 13:41
Even if we can't agree on what to call it, can we agree on the cause of our latest national catastrophe? With every single economist, policy expert, and regulatory official apparently working on the problem, surely we've gotten to the... (Continue reading)
It’s Been a Year Since I Lost My Friend to Suicide
Written on 18 Jul, 2009 at 13:28
I wanted to write something about Alvar's death because I wanted to share my feelings with others who have lost someone to suicide, because I think when you lose someone that way, the wound never heals. And maybe it helps... (Continue reading)
Business Owners Need to Face Strategic Truths of 2009 and Beyond
Written on 18 Jul, 2009 at 13:20
Web 2.0 technologies are one are in which business can gain a competitive advantage and be noticed by their target audiences. Many have already adopted these new tools, and some implementations are better than others, but most have not. ... (Continue reading)
I Say… Keep Guantanamo Open!
Written on 18 Jul, 2009 at 13:12
You see, I have an idea that perhaps the Obama administration hasn't considered as yet, and I think the American people, both those on the right and on the left, might see it as being a good one. After all,... (Continue reading)
How Many Light Bulbs Does It Take To Change An Investor?
Written on 18 Jul, 2009 at 12:34
People ignored anyone suggesting that yet another bubble was in the making. The fact that housing prices had fallen after previous booms, such as in 1990, didn't seem to matter. "This time is different", was the order of the day.... (Continue reading)
Bad Biz Finder’s Erin Baldwin is Awe Inspiring…
Written on 18 Jul, 2009 at 1:45
Anyway, then she goes on to say that I’ve never worked anywhere I said I did, that no one’s ever heard of me at those companies, that my companies either don’t exist or they’re suspended, and frankly I'm relieved that... (Continue reading)
Matt Padilla… Again? Matt, Matt, Matt…
Written on 15 Jul, 2009 at 17:22
Tweet Matt Padilla of the Orange County Register has done it yet again… reported a story about loan modifications without having the foggiest idea what’s actually going on. I don’t know about everyone else, but it’s getting annoying, as far... (Continue reading)
Mandelman vs. Matt Padilla of the Orange County Register
Written on 13 Jul, 2009 at 3:06
Matt... all articles like this one do is hurt homeowners. People read them... and as a result they don't hire a firm to represent them in the negotiations with their bank... and they lose their home as a result,... (Continue reading)
July’s Niche Report: Cover Story by Mandelman on HVCC
Written on 11 Jul, 2009 at 10:07
Tweet The July issue of The Niche Report is in mailboxes across the country and the cover story was written by me once again. It’s on HVCC, the Home Valuation Code of Conduct, which is a new set of rules... (Continue reading)
Excuse Me… Secretary Geithner? Secretary Donovan? With All Due Respect…
Written on 10 Jul, 2009 at 20:01
Is it just me? Am I really the only one who wants to push these clowns around the playground after school? Really? Come on… you kneel down behind them and I push them over… then we can... (Continue reading)
Lucas Law Center Reports Saving 500 Homes Before FTC Files Injunction to Temporarily Close Firm
Written on 10 Jul, 2009 at 13:28
Tweet At just after 9:00 AM this morning, the FTC (Federal Trade Commission), served a temporary injunction requiring Lucas Law Center in Aliso Viejo, California to cease operations until the firm appears in federal court next week to defend itself... (Continue reading)
July’s Issue of The Niche Report… Bringing Up the Rear: FDIC Chair Sheila Bair
Written on 9 Jul, 2009 at 15:42
Tweet 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”. Â And it was... (Continue reading)
Economy Watch: State of California Says Attorneys Stealing Smaller Sums
Written on 7 Jul, 2009 at 5:53
Tweet It wasn’t that long ago when you couldn’t get a practicing attorney to even consider stealing anything under seven figures from a client. Â And the Ivy League law school grads wouldn’t be caught dead ripping off anything under eight... (Continue reading)
Gov. Schwarzenegger Move Will Deprive Homeowners of Legal Representation When Negotiating Loan Modifications
Written on 5 Jul, 2009 at 9:34
The only group this provision helps is the bankers, and with the hundreds of billions of bailout dollars WE'VE GIVEN THEM, don't you think they've have enough going for them? Homeowners NEED help. Don't deprive them of their... (Continue reading)
LOAN MODIFICATIONS: IS THIS WHAT I’M SUPPOSED TO BELIEVE??
Written on 2 Jul, 2009 at 1:13
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)
A Gangster Government: Is that what we’ve come to?
Written on 1 Jul, 2009 at 12:26
Rep. Michele Bachmann (R-Minn.) speaking on the House floor: Now weve moved into the realm of gangster government.... (Continue reading)
