Will the Post Office be able to handle the unprecedented number of mail-in ballots expected? Here's what you can do to ensure your vote gets counted.... (Continue reading)
Billionaire David Geffen completely humiliated himself last weekend when he decided to tell the world how he’s escaping to the Caribbean to avoid Covid-19. His Instagram post read: “Isolated in the Grenadines avoiding the virus. I’m hoping everybody is staying safe.”... (Continue reading)
Student loans are another in a long line of predatory lending, securitization scams, but this time judges are dismissing suits in which creditors can't prove ownership of the loan.... (Continue reading)
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)
"Kissing Persuasive Lips" is the story of a former banker, Mick Lord, who cashed out when he sold his bank, but after losing his wife to a tragic accident, is finding out the hard way that there are quite a... (Continue reading)
In the tradition of John Grisham, Dale Wiley's new novella, Kissing Persuasive Lips, introduces anti-bankster hero, Mick Lord. It's a thriller everyone who reads Mandelman Matters will want to read.... (Continue reading)
New home sales are down. They're only a small part of the much larger housing market, but their numbers are important to the U.S. economy in terms of job creation along with being a strong indicator of builder confidence... (Continue reading)
Thank you to my DOERS who DID SOMETHING to let Wells Fargo know how they felt about what was about to happen to Linda Normand. And thank you to Wells Fargo for DOING the RIGHT THING for Linda... (Continue reading)
Fair Isaac, the FICO score company, announced that they're introducing a new higher score to get people borrowing again. But will we fall for it this time?... (Continue reading)
Here lies the body of Mary Lee; tried to modify her loan when she was 33. For over five years she fought to keep her sanity; didn't tell a soul as a matter of vanity. ... (Continue reading)
Over the last few weeks I've learned that we're a country that actually doesn't care about people in their 80s that run into financial difficulties. In fact... and as incredible as it may seem, WE EVICT THEM.... (Continue reading)
Home sales volume and home prices in Southern California are falling... precipitously. As in... both volume and prices are going down. There are two things I would add to this fact: 1. It's not just happening here. 2. It... (Continue reading)
"I heard they cost $112,000." I'm dumbfounded at how many talk about a reverse mortgage without mentioning that they don't know what they're talking about. ... (Continue reading)
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)
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)
Professor Johnson was actually primarily motivated to study and write about reverse mortgages by the the media's horribly slanted and generally inaccurate coverage of reverse mortgages, and he shares some examples that will make you cringe. A GREAT INTERVIEW FOR... (Continue reading)
Having saved $2 million in your retirement nest egg is a wonderful accomplishment, and if you've done so, you are to be commended. But, it does not mean that you have nothing to worry about when facing what could... (Continue reading)
If a company was misinforming seniors about reverse mortgages with deceptive advertising in order to sell them on reverse mortgages, everyone would be disgusted and demand that it stop. So, why would anyone be any less outraged with U.S.... (Continue reading)
Doesn't anyone think it's bad form to misinform senior citizens... to scare older Americans away from a source of money that could easily be a couple hundred thousand dollars or more by feeding them inaccurate and misleading garbage disguised as... (Continue reading)
How would you like to find out that no one had told you that you had easy access to several hundred thousand dollars, and so not knowing, you made other plans that you didn't want to make and wouldn't have... (Continue reading)
In other words, the housing market hasn't recovered, and won't recover because it can't recover until the underlying fundamentals change, and that won't happen for a long, long time. It certainly won't happen as long as we refuse to... (Continue reading)
I can't help but wonder how many seniors have made less favorable decisions as a result of biased and wholly inaccurate reporting on reverse mortgages, but it's impossible for me to believe that it's not quite a few. How... (Continue reading)
If you've seen one article about the "risks" or "perils" or "nightmares," associated with reverse mortgages, you've quite literally seen them all. It feels almost like one writer started a chain letter on the subject, and the rest of... (Continue reading)
I'm constantly amazed at the negative press and misconceptions surrounding reverse mortgages, because the bottom-line is they are an absolutely wonderful product that almost everyone over 62 years old should have, and yet in a year of talking to seniors... (Continue reading)
It was an honor to help Arlie Matthews get his loan modified with Bank of America. At the times when I sit and wonder why I've done what I've done, and how I can possibly continue doing it for... (Continue reading)
I was not involved in her foreclosure battle. She wrote to me because she wanted to tell other homeowners what she came to discover about Mandelman Matters after going through the same sort of journey that far to many... (Continue reading)
The reverse mortgage is the only vehicle that allows the flexibility of repayment terms that includes no repayment at all until after the death of the second spouse. There's nothing else like the HECM reverse mortgage... we should all... (Continue reading)
Today was a BIG day for Frank and Brian over at the National Real Estate Post... they have officially proclaimed that the mortgage lending industry HAS CHANGED. Not IS changing, but HAS changed... they were shocked, by the way.... (Continue reading)
So, if you add it all up, there's only one way that U.S. housing markets are recovering... Magical thinking!... (Continue reading)
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)
The U.S. Public Interest Research Group showed that nearly 80 percent of credit reports contained inaccuracies, and the mistakes in a quarter of those could result in the individual being denied for credit. 60 Minutes reported that a government study... (Continue reading)
The harm caused by our government's abominable handling of the foreclosure crisis... inconceivably made worse the complete absence of any communication on the subject by the Obama Administration... has barely begun to manifest itself let alone be understood... well, seemingly... (Continue reading)
I just received the letter below from Melissa... a homeowner who has been reading Mandelman Matters for five years. She just received her second permanent loan modification from Bank of America and is quite pleased with the terms of... (Continue reading)
Portland Maine attorney Thomas Cox is a national hero of the foreclosure crisis. Frankly, I thought everyone already knew that, but apparently not. So, if you aren't already familiar with what Tom has done and continues to do... (Continue reading)
Here's a Guest Post by Tom Cox in response to a Deadly Clear post, "Is the Promissory Note Even Enforceable?" But the short answer is that the only thing that's deadly clear about the post is that if you try... (Continue reading)
So, what does the Florida Bar's Rules of Professional Conduct have to say about Szymoniak's representation of Mr. Figueroa, as viewed in light of the emails between the two, over that six month period when Szymoniak was Damian's lawyer... (Continue reading)
HUD's new rules related to reverse mortgages are just a part of those changes made in the wake of the financial crisis and resulting economic meltdown, and in fact, relative to changes made that affect other areas of mortgage finance,... (Continue reading)
In the past, reverse mortgages were seen as something only to be used as a last resort. But, in the past we had more options for borrowing money. ... (Continue reading)
It's easy to misinterpret something about this crisis. But, it's important that we try to guard against that happening whenever possible for all sorts of reasons, not the least of which is that being wrong means wasting time that... (Continue reading)
Being behind on your mortgage is never any fun, but don't listen to those that would have you believe that the loan modification process hasn't changed at Bank of America over the last few years because they're wrong... it's much... (Continue reading)
So, I know... you want to read about how a homeowner won some major victory in the courts somewhere... or how someone filed and got quiet title to their property... or how a bank couldn't figure out who owned a... (Continue reading)
Understand... I'm not telling you which path you should choose, but I am saying that you should choose one and then do everything in your power to achieve the goals that lie at the end of that path. Just... (Continue reading)
The problem is that when we start believing things that aren't true... even though do so might make us feel better for the moment... that's when we lose all of our power. No one is powerful when they've got... (Continue reading)
Okay, so that's GAME OVER for the State of Illinois. Ball four... take a hike... we'll see you back here in 2014 or 2015. Take some time off, you deserve it. ... (Continue reading)
Enjoy Table Tennis Daily's Christmas Edition of The Best Table Tennis Shots of 2012! And really... closely watch the whole thing... it's really worth it. Unbelievable! ... (Continue reading)
If you're a homeowner who would be interviewed about your specific experience saving your home from foreclosure, or if you have clients you've helped avoid foreclosure and they are okay with me calling to record an interview with them, let... (Continue reading)
I pray for the parents of the children that were senselessly taken away on Friday... I pray that those that have other children at home find some way to go on. For a parent who lost their only child... (Continue reading)
In all but a very small number of cases, homeowners have continued to find the courts either unwilling or incapable of dispensing what they would consider fair and just solutions, and while the federal government has remained essentially mute on... (Continue reading)
Please take this chance to make your voice heard, and tell everyone you know whose home is underwater they should do the same. We screamed our heads off about AIG bonuses, both in the streets and in the tens... (Continue reading)
They call it a "mass torte," but it can also go by the name "mass joinder," or "multi-plaintif," or whatever other term d'art it might be using tomorrow, but no matter what it's called, the person calling to tell you... (Continue reading)
I know what happened here. A homeowner in Connecticut was denied for a loan modification based on excessive income and her lawyer told her she would have to file bankruptcy to stop the sale of her home. Then... (Continue reading)
For those in the Seattle area... I'll be speaking to homeowners, lawyers and anyone else interested in the foreclosure crisis at a meeting this evening from 6:00pm - 8:00pm...... (Continue reading)
So, this year started out depressed, as well it should have, but very quickly, and I do mean within weeks, a six-year downturn was transformed into a robust recovery based on... well... nothing really. None of the fundamentals changed,... (Continue reading)
If even ten years ago, someone would have tried to tell me that in 2012, young people in Russia would be doing this, while in the U.S.A. our young people would be drowning, I NEVER would have believed it.... (Continue reading)
And I will likely never view the U.S.A. as being a great nation again. For me, that is over. For I have seen our pettiness, our insensitivity, our callous disregard to the plight of our neighbors right up... (Continue reading)
And now I'm supposed to come to terms with the idea that the administration's bored with the topic itself? I could understand it if they were bored with something they'd mastered, although I can't for the life of me... (Continue reading)
So, I'm certainly not going to say that the FTC shutting down a forensic loan audit scam in LA is anything but a terrific thing... one less scam is one less scam... regardless of what others are still around. ... (Continue reading)
Nancy Pelosi sent a Mandelman Matters reader, Amy Sheaffer, an email. Any wrote back. Brilliant! Lord, I do love my readers.... (Continue reading)
Tim Miller, is a singer/songwriter from Dallas, Texas. Here he is performing a song he wrote after reading a news story about a family who lost their home, the victim of predatory lending.... (Continue reading)
I'm not sure why, but meeting with a "Home Save Counselor" doesn't make me feel like I'll be talking with a commissioned salesperson who will be potentially making up to $1,000 on my loan modification case? A "Home Save... (Continue reading)
Originally posted in February 2010. What do… P.T. Barnum H.J. Heinz Mark Twain Henry Ford Debbie Reynolds Burt Reynolds Kim Basinger Walt Disney Larry King, and Donald Trump … have in common? They ALL filed for bankruptcy protection. That’s really my... (Continue reading)
Ireland journalist won't give up. Why do our journalists fail to get started?... (Continue reading)
Heidi Cuda, a producer from Fox 11 News in Los Angeles produced a week long series on the foreclosure crisis for the Channel 11 news and asked to interview me. I didn't like Part 1, but Part 2 was... (Continue reading)
The monetary terms aspect of the mortgage settlement agreement is completely worthless to everyone. Three billion to provide refinancing for underwater mortgages? If that was executed perfectly, it MIGHT refinance 15,000 homes nationwide. Why even bother doing... (Continue reading)
Arizona's hundreds of thousands of hopelessly underwater homeowners are having the best day they've had since the "days of equity" back in 2006. The bill not only passed, but it passed unanimously... '6' Ayes to '0' Nays. ... (Continue reading)
Because I just can't believe that anyone would intentionally do this to the parents of an autistic 12 year-old girl... invite them to apply for a loan modification, and then after six months, leave them over a weekend with the... (Continue reading)
FIRST UP: A favorable ruling from Florida's Supreme Court in the Pino Case... I ask attorney Matt Weidner and Foreclosure Hamlet's Lisa Epstein to tell us what it means to homeowners. SECOND STORY: A blogger in Ohio teams up with... (Continue reading)
Bank of America... stop torturing disabled American veterans, and stop torturing Arlie Matthews and I do mean immediately... and I also mean... or else. He's a brave and strong guy, but I know he's got to be scared to... (Continue reading)
The OCC’s Independent Foreclosure Review program has started sending out the program’s Review Forms, which are required to begin the process. A reader sent me this photo of what the form looks like when it comes in the mail, so now you’ll... (Continue reading)
Why? Well, according to the Realtors, it's credit scores and appraisals coming in too low. Well shave my head and call me Baldy... what do you know about that? I certainly do declare, how can such a... (Continue reading)
We need, as perhaps the late, great Steve Jobs might have said... to think differently, to fight differently. We need to scare them by making them realize that we are their source of power and just as we bestow... (Continue reading)
Two movies I really want to see, and I think you will want to see them as well. One is Bailout, and it looks funny and great. The other is Margin Call, and it look dramatic and really... (Continue reading)
The bottom-line is that this does appear to be a chance for people who were treated unfairly as part of the foreclosure process (and Lord knows there are plenty who fall into that category) to get a shot at some... (Continue reading)
Yesterday, for the first time since the recession began, the Wall Street Journal survey of 50 economists now say that incomes in this country have been falling since 2000 and they don't expect us to make up the lost ground... (Continue reading)
It's no secret to anyone close to the crisis that homeowners in distress are routinely lied to by servicers... often homes are lost as a result of those lies... and what's even more shocking than that is how so... (Continue reading)
Watch it. Link to it. Post it. Support it. Everyone who contributes will be listed in the credits and we plan to take the film all the way to the Academy Awards. If "Inside Job"... (Continue reading)
You have to understand that while I'm happy to see any and all deceptive sales practices targeting homeowners stopped, I take no pleasure in seeing Philip Kramer prevented from suing Bank of America or any of the other banksters, all... (Continue reading)
The fact is that the path we're on can only end badly, and although I quite proud of how this nation has managed to hold it together until this point at least, as the man said, it's all downhill from... (Continue reading)
While Marc was in office he was a very vocal opponent of Wall Street, and the mortgage servicers who were... and still are... destroying his state with unnecessary and even illegal foreclosures. And since he's left office, he's defended... (Continue reading)
So, there you have it... a veritable cornucopia of bad news... and all of it from CNBC, a cable news channel that normally broadcasts nothing but bull... markets. Bull markets... that's what I meant. But, it's getting impossible... (Continue reading)
Today, she writes a Republican conservative blog on azcentral.com. And she's found Mandelman Matters and joined the group of Americans who know the foreclosure crisis must be stopped. ... (Continue reading)
In 2014, it will be seven years since the meltdown began in the summer of 2007, and something in the neighborhood of 15 million homes will have been lost to foreclosure. And there's no reason to believe that foreclosures... (Continue reading)
Spolier Alert: Rep. Seel, who wonder of wonders... serves on the... wait for it... BANKING AND INSURANCE COMMITTEE... DENIES that his $100,000 principal reduction had anything to do with his decision to run late that day and not propose the... (Continue reading)
Why did you become a reporter, Carolyn? Because if it was to write about events such as these in the style and tone of your article, then I'd suggest you consider looking for a copywriting gig at an ad agency.... (Continue reading)
But then... the people in Arizona... well, they don't have Brudda IZ... now do they? Click play... turn up your speakers... close your eyes... and pray for SB 651 to pass tomorrow. Amen.... (Continue reading)
Mitchell Stein's complaint in the Ronald v. Bank of America lawsuit has been used as the model for suits filed by Phillip Kramer and others. I spoke with Mitch for several hours the other day and I can tell... (Continue reading)
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)
And not only are we splitting off in more directions than the London subway, but I'm afraid too many of us have started to like it that way. It's become a badge of honor for some people. ... (Continue reading)
I'm not sure if this means anything or not, but about holiday retail activity in stores like Nordstrom... well, I live in Southern California... Orange County... the O.C. if that helps, and I took some photos of the Nordstom in... (Continue reading)
I never do this, but ProPublica posted an article about real life foreclosures not fitting the conventional wisdom of what most people think they are... they're not a bunch of low income minorities who should never have been able to... (Continue reading)
ACCE says that now they plan to up the ante by " bringing together the collective power of the homeowners themselves in alliance with their supporters among labor unions, the religious community and community organizations." And in fact, among... (Continue reading)
I hope anyone interested takes the time to read my response and that it clears things up, once and for all about Erin Baldwin, and her claims about Martin Andelman and Mandelman Matters being a scam. I hope everyone... (Continue reading)
But that was before I knew Elizabeth Warren as the TARP chief... the Harvard professor... the advocate for the middle class... the woman who was the only person in Washington D.C. who could stare down Treasury Secretary Tim "Transparency" Geithner... (Continue reading)
PLUNDER - The Crime of Our Time, is a movie produced and directed by Danny Schechter, that shows what Wall Street did to destroy our economy. It's the first movie that clearly shows that what's happened over the last... (Continue reading)
Initially, I didn't think there was any need to address Ms. Baldwin's accusations one by one because, they were either obviously untrue or just goofy. Additionally, they are the kind of things that are easily verified, so I figured why... (Continue reading)
No, folks... the good news for our emerging foreclosure industry, and for my new Empty Homes Hi-Yield Bond Fund, is that our government has failed at every single turn in trying to stem the tide of foreclosures in this country,... (Continue reading)
I'm also fearful that we've become a nation of people that doesn't believe in our democracy anymore. A nation of people who will wait for things to happen to them, rather than trying to change what happens to them.... (Continue reading)
Tomorrow, the country will go on as it did yesterday, foreclosures will continue essentially unabated, and more and more Americans will fall into the abyss of disenchantment with all authority... the frequent and extended strikes by workers during the 1970s... (Continue reading)
He points out, for example, that when you talk about a group that borrowed too much on the assumption that housing prices would never fall and sub-prime loans presented no risk, you're talking about the Wall street crowd. Some... (Continue reading)
A Hundred Thousand Homeowners - A wake-up call in Washington. By contributing $1.00, you'll be supporting something important... something that will be heard... something that will make a difference, because when politicians see that 100,000 people have taken the time to... (Continue reading)