Friday 6th December
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The California Bar’s Scarlet Lawyer List
Written on 30 Sep, 2009 at 6:50
In the press release issued by the State Bar on Friday, Weiner said that the lawyers listed have "allegedly taken fees for promised services and then failed to perform those services, communicate with their clients or return the unearned fees."... (Continue reading)
Investor Tired of Servicers Not Modifying Take Action
Written on 22 Sep, 2009 at 16:24
Well, as it turns out, one investor, Impac Funding/Impac Holdings, has run a calculator on this and discovered that you've been right all along. They would in fact be better off modifying... but they can't seem to get servicers... (Continue reading)
The Unbelievable Price Being Paid by the Prices: SLS and US Bank Need to Be Taught Some Manners
Written on 21 Sep, 2009 at 8:13
And just to add further insult to life-threatening injury, Ms. Reed also received an email from the attorney for U.S. Bank. Apparently, US Bank doesn't even want to see checks. They simply and unequivocally reject any extension to... (Continue reading)
CALPIRG’s Morillas Proves His Ignorance on Loan Modifications
Written on 19 Sep, 2009 at 17:42
Being a modification service is a hard and thankless job, in part because of dolts like you who stand willing to open your mouth and speak about a subject you know absolutely nothing about in the press. It's unbelievable,... (Continue reading)
Superior Court Judge Says: HAMP Has NO TEETH
Written on 18 Sep, 2009 at 6:07
The NPV formula is also, according to the HAMP guidelines, to be disclosed and transparent... the two things it's never been close to being, and which, I've been told by a very credible source who didn't want to be identified... (Continue reading)
UNBELIEVABLE BREAKING NEWS: Senior Couple Being Screwed Royally By Mortgage Servicer – Specialized Loan Servicers
Written on 16 Sep, 2009 at 13:56
You can just imagine what happened next. The Prices began calling the servicer asking to speak with the three representatives that had been speaking with over the last several months... the ones that had told them about the waiver... (Continue reading)
Liberal Billionaire George Soros… Major Shareholder in IndyMac/One West Bank
Written on 12 Sep, 2009 at 23:21
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)
Wells Fargo’s Exec Forecloses on $12 Million Malibu Beach House – Then Moves in for Summer Fun. And why not?
Written on 12 Sep, 2009 at 19:59
First of all... I'm sure the house-sitting Wells executive that hosted parties throughout the summer never invited anyone from Wells Fargo... or B of A... or Chase, IndyMac, etcetera, etcetera, etcetera. I'm sure most of the exec's friends are... (Continue reading)
My Grandmother, Standard Oil & the Banks
Written on 11 Sep, 2009 at 7:30
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)
The Commission on Homeowner Representation Moves Ahead
Written on 8 Sep, 2009 at 1:25
Regardless, the Commission has determined that there is an acceptable way to work under SB 94, AT LEAST UNTIL THE LAW CAN BE CHALLENGED IN THE COURTS. And the thirty-some firms will soon be forty-some and then fifty-some. ... (Continue reading)
Mandelman’s Monthly Museletter Issue #3.0
Written on 7 Sep, 2009 at 3:03
The HOPE NOW people reported a six percent jump in homeowners delinquent by 60-days plus. That means that 3.1 million more Americans are now behind on their mortgage payments, one step closer to losing their homes.... (Continue reading)
Hyper-Hype Over Hyperinflation
Written on 7 Sep, 2009 at 0:58
What I find most worth noticing is that this past week, the National Association for Business Economics reported that almost half the economists surveyed believed the Fed's policy to be inflationary. Yet the fact is, not only is the... (Continue reading)
CA SB 94 on Lawyers & Loan Modifications Passes Assembly… 62-10
Written on 4 Sep, 2009 at 5:40
Extending unsecured credit to homeowners that are already struggling to pay their bills, and then having to sue them in order to collect simply isn't a business model that attorneys, or anyone else for that matter, are likely to embrace.... (Continue reading)
Lies and Damn Lies About Getting a Loan Modification
Written on 1 Sep, 2009 at 22:32
Months ago we weren't sure of many of these things and so you could say just about anything related to the loan mod process and no one could call you on it. Now the jury has come in. Guess you'll... (Continue reading)