Wednesday 15th January
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California Homeowner Loses $16.2 Million Awarded by Jury
Written on 29 Oct, 2014 at 10:23
What's the worst case for Mr. Linza at this point? His loan was around $240,000 plus the arrearages, which I suppose could amount to six figures... but still. He can't be more than $158,000 behind, right? So, assuming that's true,... (Continue reading)
LATE START STRATEGY: Creating retirement income to last a lifetime… even if you haven’t saved a nickel.
Written on 28 Oct, 2014 at 17:44
Is it even possible to be financially prepared for thirty years of living without getting a paycheck from work? The answer is simple: INCOME. And even without savings it can be done.... (Continue reading)
SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending, Can Mean Only 3% Down
Written on 23 Oct, 2014 at 9:52
FHFA director Mel Watt, not ironically speaking while in Las Vegas, offered government's desperate response to help housing... the only thing they can think of to do at this point. ... (Continue reading)
AMERICA’S BILLIONAIRES: Aristocracies that are sure to be with us for a very long time.
Written on 21 Oct, 2014 at 1:50
We have 97 billionaires, each with over $5 billion. After this generation is gone, that number will likely double. We creating aristocracies. Inequality USA.... (Continue reading)
GAO REPORT SAYS IT AGAIN: Treasury NEEDS to improve HAMP Data Analysis
Written on 20 Oct, 2014 at 17:42
Latest GAO Report once again has recommended that Treasury improve its capability to track and analyze data related to HAMP loan modifications. Again and again.... (Continue reading)
Foreclosures Rising 1st Time in 3 Years, Says RealtyTrac. So, is that good or bad?
Written on 18 Oct, 2014 at 19:16
We have to take steps to put an end to foreclosures caused by the meltdown... not slow them down with another bandage, but actually make a commitment to stop the bleeding. We have to come to realize what's still happening... (Continue reading)
Bank of America: Lending Tight as Ever and Won’t Change Soon
Written on 17 Oct, 2014 at 5:27
What compelled me to write after reading the Origination News article was that it told a story that I've longed to read for a long time... finally, the mortgage industry was taking over my job these last six years, by... (Continue reading)
Future SHOCK for Older Homeowners: You Won’t Get a HELOC, a Second, or Refi based on your Equity
Written on 15 Oct, 2014 at 23:54
If you're over 62, you have to ask yourself what you'd do in the event your income dropped or your expenses rose unexpectedly? You could tap your savings, but that's not something you want to do because spending your nest... (Continue reading)
Dear Bloomberg & Financial Advisors: They can’t get a HELOC & don’t want to sell their homes.
Written on 8 Oct, 2014 at 2:38
Okay, Ben you blew it on reverse mortgages, but I feel certain that you'll try very hard not to let it happen again. It's important, because if you get it wrong, you might end up writing something that ends... (Continue reading)
HOMEOWNER ALERT: Mortgage Investors Fraud Recovery’s 50-2-40 Program & CFLA’s Quiet Title, Audits and Experts
Written on 6 Oct, 2014 at 18:16
MIFR and Group Trust are clearly scamming homeowners, and should be shut down. And what CFLA's website claims about their people and their audits, and what can be found out about their performance in the real world are as... (Continue reading)
How are you feeling and what are you thinking? A Mandelman Matters Survey.
Written on 3 Oct, 2014 at 0:49
I really want to know how you're feeling and what you're thinking. If you wouldn't mind taking a few minutes to answer these 12 questions, it would really help me understand what's going on out there. And I'd... (Continue reading)
Percentage Over 65 Still Paying a Mortgage Doubles to 40%
Written on 2 Oct, 2014 at 6:28
According to a new report from Harvard University’s Joint Center for Housing Studies, as of 2010, “40 percent of households 65 and up were still paying a mortgage.” In 1992, according to the report, there were only about 18 percent over... (Continue reading)