March, 2011

Ex-Asst. Treasury Secretary Herb Allison Back at Beautiful Connecticut Home

Ex-Asst. Treasury Secretary Herb Allison Back at Beautiful Connecticut Home

See, because in the old days public servants, those that worked for the government, seemed to make less money than Phil Donahue or Marlo Thomas. They didn't used to have 7,379-sq.ft. 1911 wood and stucco $25 million Greens... (Continue reading)

Mandelman’s Monthly Museletter – Version 11.0

Mandelman’s Monthly Museletter - Version 11.0

Inside this month's Museletter: 1. FDIC Sues 3 Top WaMu Executives. 2. American Banker Reporting "Lack of Leadership" is the Problem. 3. Video by North Carolina Realtor Says it All About BofA. 4. New Report Should Be... (Continue reading)

The California Department of Real Estate Issues “CONSUMER ALERT” Warning Consumers About “Mass Joinder” Lawsuits

The California Department of Real Estate Issues

The California Department of Real Estate has issued a Consumer Warning specifically to address the multitude of marketing efforts promoting participation in "mass joinder lawsuits," as filed by at least two law firms, The Law offices of Mitchell J. Stein... (Continue reading)

BoA’s Bad Bank – Pay No Attention to the 6.7 Million Loans Behind the Curtain

BoA's Bad Bank - Pay No Attention to the 6.7 Million Loans Behind the Curtain

See, these are the kinds of things that make me afraid of the world around me… like, now I don’t want to even leave my house. Does stuff like this work on “investors?” What… are the “investors” he... (Continue reading)

Mandelman U. Presents – Securitization & Mortgage Backed Securities

Mandelman U. Presents - Securitization & Mortgage Backed Securities

Come back to 6th Grade where I’ll be teaching real 6th graders all about what the banks did to break the world. We’re going to cover the Bond Market and Securitization, CDOs and CDSs… and even Synthetics and... (Continue reading)

House Financial Services Committee: Spending $1610 to Save a Home is Too Much – Votes to Kill HAMP

House Financial Services Committee: Spending $1610 to Save a Home is Too Much – Votes to Kill HAMP

You should all hide your faces from the people who sent you to Washington… you should all be ashamed for everything you have and haven’t done. Your ignorance and insensitivity will be disdained for many years to come.... (Continue reading)

Republicans Leap to the Aid of Banker-Servicers Over AG Settlement Proposal

Republicans Leap to the Aid of Banker-Servicers Over AG Settlement Proposal

But, unquestionably, the best part of Senator’s Shelby’s largely unintelligible rant, was when he threw down the “don’t fine them or there’ll be no lending” card. He draws that card like a gun, doesn’t he? He even sounds... (Continue reading)

I’m So Happy that I Ignored the whole AGs-Investigate-the-Servicers Thing

I’m So Happy that I Ignored the whole AGs-Investigate-the-Servicers Thing

Well, what they’re calling the Attorneys General “Term Sheet” is out and to kick it all off, I went with an analysis of the AG’s work product written by Joshua Rosner, who is Managing Director at independent research consultancy Graham... (Continue reading)

Finally 60 Minutes Shows It – But, it’s not news… and it’s late.

Finally 60 Minutes Shows It - But, it's not news... and it's late.

Just think about it... millions of children being evicted from homes while according to the latest Fannie Mae survey, 53% of Americans blame the borrowers for buying homes they couldn't afford... do you know how stupid that sounds? ... (Continue reading)

The Psychology and Politics of Foreclosure

The Psychology and Politics of Foreclosure

Of course, there are times when more stuff happens to more people, and today is obviously an example of such times. The economic conditions that we're experiencing today are causing more foreclosures than at any time since the 1930s. When... (Continue reading)

Homeowner Suffers Horrific Injustice at the Hands of JPMorgan Chase

Homeowner Suffers Horrific Injustice at the Hands of JPMorgan Chase

We're not people who simply decided to skip out on our mortgage. We did everything as upright and by the book as we were instructed to do by Chase yet we still lost our home. On the day they took... (Continue reading)

In Re Walker, Part Deux – March 3rd, 2011, may just be a HUGE day for California Homeowners

In Re Walker, Part Deux – March 3rd, 2011, may just be a HUGE day for California Homeowners

So, Citi’s lawyers filed a new proof of claim… and Ricki Walker’s attorney, Mitchell Abdallah, filed a new objection, so Judge Sargis will once again have a chance to uphold the rule of law and change the playing field for... (Continue reading)

Fannie Mae’s Latest Housing Survey Shows Many Have No Idea What’s Happening

Fannie Mae’s Latest Housing Survey Shows Many Have No Idea What’s Happening

When that is understood by the majority of Americans, I believe we will finally be ready to throw away the meaningless distinctions, "responsible homeowners and irresponsible homeowners," and we'll return to just being American homeowners. ... (Continue reading)


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