Thursday 25th April
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It’s the END OF HAMP… And the Beginning of a New Era in Loan Modifications
Written on 21 Dec, 2016 at 23:41
HAMP has to be one of the least popular government programs ever. The irony is that it also became the best answer for modifying loans to prevent foreclosures.... (Continue reading)
Erwin Chemerinsky: Does Anything Trump the U.S. Constitution? A Mandelman Matters Podcast
Written on 14 Dec, 2016 at 13:02
Constitutional law scholar and Dean of UCI Law School, Erwin Chemerinsky talks with me about the Trump Presidency in terms of what he thinks Trump will be able to do... and what our constitution won't allow him to do.... (Continue reading)
Trump threatens to prosecute Clinton if she pursues recount? Now there’s a good reason for her to do it.
Written on 28 Nov, 2016 at 9:06
Trump is now saying that there’s a conspiracy to throw votes to Hillary by casting ballots on behalf of dead people... and that’s simply not true.... (Continue reading)
Understanding the Real Story on Immigration and Sanctuary Cities
Written on 21 Nov, 2016 at 6:57
Can Trump do what he's promised related to immigration? Are there millions here illegally that are criminals? And are "sanctuary cities" the problem or the only practical solution?... (Continue reading)
Are Foreclosures Impacting the Presidential Election in 2016?
Written on 3 Nov, 2016 at 20:44
It's the Obama Administration’s handling of the foreclosure crisis has left millions of Americans so mad they can’t see straight and at this point, don’t want to try. Want to know what created Trump v. Hillary? Maybe that... (Continue reading)
The First Presidential Debate… Can we be honest about this?
Written on 4 Oct, 2016 at 20:43
It’s only a few weeks until Election Day and we’re still talking about irrelevant nonsense, split down the middle, locked in a deepening deadlocked partisan divide.... (Continue reading)
The Media Continues to Get it Wrong on Reverse Mortgages
Written on 4 Oct, 2016 at 1:49
No one should write about a HECM reverse mortgage as being good or bad, because it depends on so many variables… and 94% of homeowners with a HECM say it gave them peace of mind.... (Continue reading)
Fannie Mae CEO Agrees: Trump and Hillary should talk more about housing
Written on 3 Oct, 2016 at 20:07
Fannie Mae and I apparently agree on one thing… the candidates are both missing the boat by ignoring future U.S. housing policy in their respective campaigns. ... (Continue reading)
Wells Fargo’s Tolstedt Did Exactly What She Was Supposed to Do
Written on 13 Sep, 2016 at 5:15
See, I thought that working at a bank like Wells Fargo would mean having to persuade customers to open new accounts. So, obviously I'm no Carrie Tolstedt.... (Continue reading)
Attorney Nick Wooten is Suing Banks in Illinois for Breaking Into Homes
Written on 12 Sep, 2016 at 7:12
Banks are still breaking into homes they don't own and homeowners are still coming home to find that all of their belongings are gone... sold or dropped off at the dump. Nick Wooten has a plan to make them... (Continue reading)
The Single Best Tool for Downsizing in Retirement is Called: HECM-for-Purchase
Written on 9 Sep, 2016 at 19:28
There's no better tool for downsizing in retirement than the HECM for Purchase, a mortgage insured by the FHA. So why do so few homeowners and/or Realtors know anything about it? ... (Continue reading)
How a HECM Reverse Mortgage Saved a Homeowner Over $200,000
Written on 9 Sep, 2016 at 1:03
Homeowners with significant amounts in their retirement accounts can often benefit from using the HECM because it’s a tax free source of funds.... (Continue reading)
Thank You Specialized Loan Servicing (SLS) for Helping Mrs. Presterl Keep Her Home
Written on 1 Sep, 2016 at 0:54
Specialized Loan Servicing (SLS) has agreed to provide Mrs. Presterl with a loan modification so she will not lose her home after all!... (Continue reading)
Kevin Carter (aka Kevin Rasher) Finally In Jail for Defrauding Homeowners… But He Should be Indicted for Murder, Here’s Why
Written on 10 Aug, 2016 at 19:54
This story epitomizes why we as a nation needed to do more, not only to prevent foreclosures, but also to stop the scammers targeting those at risk of losing homes.... (Continue reading)
A Reverse Mortgage Ruined His Life? Nonsense.  Not true.
Written on 4 Aug, 2016 at 17:08
The reverse mortgage didn’t cause Mr. Feil any harm. In fact, it’s because of the HECM reverse mortgage that Mr. Feil was able to keep the home instead of losing it to foreclosure.... (Continue reading)
The Foreclosure Crisis is Dead. Long Live the Foreclosure Crisis.
Written on 2 Aug, 2016 at 17:50
RealtyTrac's June foreclosure report puts the best possible face on the foreclosure crisis, instead of admitting that it's far from over... and that HAMP needs to be extended. ... (Continue reading)
What is Credit Damage and What Can You Do About It?
Written on 1 Aug, 2016 at 6:35
Credit damage occurs when a bank, other debt collector or a credit reporting agency causes negative information to appear on your credit report.... (Continue reading)
Ex-Goldman Execs Now “Help” Foreclosure Victims Buy Homes at 10% (Homes they probably shouldn’t have lost in the first place?)
Written on 18 Apr, 2016 at 10:16
Shelter Growth Capital Partners, founded by ex-Goldman execs, buy foreclosed homes on the cheap and re-sell them for tens of thousands more at 10% interest rates. From the people who brought you the foreclosure crisis... get ready for the... (Continue reading)
FINALLY… Time Magazine Realizes New Reverse Mortgages May be a Good Idea
Written on 4 Apr, 2016 at 16:47
My point is that Kadlec does a decent job writing about the new HECM reverse mortgage… not a great job, but one that’s better than most. And that’s encouraging.... (Continue reading)
Average Home Prices Are Irrelevant for You or Me
Written on 4 Apr, 2016 at 14:29
Forecast are predicting home prices will fall over the next 2-3 years. Some say by 10 percent, others say as much as 20 percent. Either way, no credible source is saying averages will rise in the 2-3 years.... (Continue reading)
Why Foreclosures Won’t Be Stopping Anytime Soon
Written on 12 Mar, 2016 at 19:02
The reason foreclosures won't stop is that life events won't stop happening, and we're no longer able to borrow our way out of trouble.... (Continue reading)
Attorney Mark Didak Who Wrote Amicus Brief in Yvanova v. New Century – A Mandelman Matters Podcast
Written on 11 Mar, 2016 at 18:46
Los Angeles attorney, Mark Didak, who wrote an amicus brief in the Yvanova v. New Century Mortgage case, shares views and excitement related to the decision.... (Continue reading)
Richard Antognini, the Lawyer Who Took Yvanova to California’s Supreme Court – A Mandelman Matters Podcast
Written on 11 Mar, 2016 at 8:48
Richard Antognini is the lawyer who took the Yvanova v. New Century Mortgage case to California's Supreme Court. Don't miss what he has to say about the case.... (Continue reading)
Max Gardner on Yvanova v. New Century Mortgage – A Mandelman Matters Podcast
Written on 8 Mar, 2016 at 17:07
Max Gardner is one of the superstar lawyers of the foreclosure crisis. Here's a chance to hear his analysis of the recent California Supreme Court decision that everyone's talking about.... (Continue reading)
California Court’s Yvanova Decision Opens Door to Very Dark Room
Written on 7 Mar, 2016 at 5:08
In Yvanova, the court didn’t say whether her claim that the trust didn't own her loan would prevail, only that a borrower now has standing to make that claim.... (Continue reading)
Max Gardner’s Consumer Defense Academy: Latest in Loss Mitigation – March 19th, Portland
Written on 2 Mar, 2016 at 16:34
Learn the most up-to-date loss mitigation & legal strategies, based on new state & federal statutes that have dramatically changed the playing field.... (Continue reading)
DOER ALERT: Support Homeowner Survivor Bill of Rights – Extend Foreclosure Protections to Widowed Spouses
Written on 28 Feb, 2016 at 7:45
Senate Bill 1150... “clarify the responsibilities of a mortgage lender when a borrower dies and passes the home along to a survivor who wishes to assume the home loan.” Lenders say that widows and heirs, if not on the... (Continue reading)
Okay, so tell me why everyone who can doesn’t use a reverse mortgage this way.
Written on 15 Feb, 2016 at 22:16
Who wouldn’t want a line of credit that’s guaranteed to increase every year even if the home’s value remains flat or goes down. Nothing does what the HECM Line of Credit does.... (Continue reading)
Are You Overestimating Your Ability to Access Your Own Money in Retirement?
Written on 15 Feb, 2016 at 9:14
I’ve found that most homeowners are dramatically overestimating their ability to pay off mortgages in retirement and/or access the equity in their homes once retired.... (Continue reading)
Nationstar: Servicer’s Stock Price Closes at New Low… Look Out Below!
Written on 9 Feb, 2016 at 7:24
It seems like only yesterday that I was writing about mortgage servicing's latest disaster-in-the-making, Nationstar and today the company's stock sank to a new single-digit low of $8.99.... (Continue reading)
Nationstar: A Multi-billion Dollar Settlement over Foreclosure Practices Waiting to Happen
Written on 8 Feb, 2016 at 16:19
Just when I was sure that no servicer could be worse than Wells Fargo or HSBC... here comes Nationstar, a servicer seemingly dedicated to reaching new lows.... (Continue reading)
California No Longer Foreclosure Kingpin? Playing with the data… again.
Written on 5 Feb, 2016 at 18:52
The headline in the OC Register about California no longer being the foreclosure kingpin is just flat out misleading.... (Continue reading)
Why Did Obama Wait Until December 2015 to Extend Mortgage Debt Forgiveness Act?
Written on 5 Feb, 2016 at 17:21
I wonder how many people chose foreclosure last year because the Act had not been extended… only to find out now that Obama made the extension retroactive.... (Continue reading)
California Supreme Court Ruling is an Important Win for Homeowners
Written on 3 Feb, 2016 at 6:03
California's Supreme Court has ruled... assuming a purchase money mortgage, homeowners don’t have to worry about deficiency judgments regardless of whether foreclosure or short sale.... (Continue reading)
Mortgage Forgiveness Debt Relief Act Extended Again… and Again… and Again
Written on 2 Feb, 2016 at 7:02
President Obama extended the Mortgage Forgiveness Debt Relief Act through December 31, 2016. The extension is retroactive and covers mortgage debt cancelled in 2015. ... (Continue reading)
Measuring the Real Costs of Credit Damage
Written on 26 Jan, 2016 at 17:15
The question is how you can determine whether the damage done to your credit reaches the degree that it makes sense to try to recover monetary damages as part of a lawsuit.... (Continue reading)
