December, 2013

‘Twas the Night Before Christmas – 2013

Written on 25 Dec, 2013 at 6:49

'Twas the Night Before Christmas 2013 is an Annual Political and Economic Year in Review I write every year... I've been doing it since 2007, so this year makes it seven years in a row. If you want to... (Continue reading)

Borrowers Facing Foreclosure Should be Dancing in the Streets Over “˜X’ and “˜Z’ and Here’s Why

Written on 12 Dec, 2013 at 1:38

So, there you have it... a solid check mark in the "WIN" column for consumers over the interests of the banking industry. And I don't think Realtors, mortgage brokers, or even the banks themselves have come to fully understand... (Continue reading)

Tagged with: bank of america california homeowner bill of rights CFPB New Mortgage Rules CFPB servicing rules citibank diana olick economic recovery economy elizabeth warren Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP HOEPA impac mortgage jpmorgan chase loan modification loan modifications Loan Originator Compensation Making Home Affordable Plan mandelman mandelman matters martin andelman mortgage crisis mortgage refinancing NACA National Mortgage Settlement new qualified mortgage rules qualified mortgage rules Reg X Reg z RESPA richard cordray safe harbor for qualified mortgages TILA trial modifications Truth in lending act wells fargo bank

I’m Betting We Get Extended Tax Relief on Forgiven Mortgage Debt for Christmas This Year

Written on 11 Dec, 2013 at 14:30

Some are starting to worry about what is likely to happen if they let the Act's tax relief provisions related to foreclosure avoidance expire. I simply don't think there's any real chance they won't extend the Act for at... (Continue reading)

Tagged with: #IRS $taxrelief bank of america citibank deed in lieu diana olick economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac H.R. 3648 HAMP jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman mortgage crisis Mortgage Forgiveness Debt Relief Act mortgage refinancing mortgage servicers NACA obama administration principal reductions short sales short sales tax consequences tax relief on debt forgiveness taxable short sales trial modifications wells fargo bank will congress extend tax relief on debt forgiveness will congress extend the tax relief on debt forgiveness

Bay Area Homeowner Writes to Say Thank You to Mandelman Matters and Bank of America

Written on 11 Dec, 2013 at 4:38

Ahsan Kushkaki discovered Mandelman Matters after Bank of America denied his loan modification. He was desperately seeking someone who might be able to help him explain the situation to the bank and after finding several of the thank you... (Continue reading)

Tagged with: bank of america bank of america and Mandelman Matters modify loans bank of america and principal reductions bank of america loan modifications bank of america success story diana olick economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac getting bank of america to modify my mortgage HAMP homeowner success story homeowner thanks mandelman jpmorgan chase loan modification loan modification success story loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman helps homeowner get loan modification martin andelman ml-implode ml-implode mortgage crisis mortgage modifications with bank of america mortgage refinancing mortgage servicers NACA TARP trial modifications unemployment

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

Written on 5 Dec, 2013 at 8:59

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)

Tagged with: Afghanistan bank accounting rules bank of america bankruptcy bond market Center for Responsible Lending citibank consumer spending deficit spending eminent domain extend and pretend FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure and race foreclosure crisis General Motors get out of debt greece economy Gulf of Mexico HAMP housing market housing prices Indymac bank japan economy jpmorgan chase loan modifications mandelman mandelman matters martin andelman medicare mortgage refinancing NACA national debt obama administration richmond social security spain economy stimulus sub-prime borrowers sub-prime loans TARP Treasury Secretary Tim Geithner triple A U.S. Census Department wall street bankers wells fargo bank