Wednesday 4th December
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Bank of America’s SVP Eric Tellijohann Provides an Advance Update on the National Mortgage Settlement Progress
Written on 16 Nov, 2012 at 22:33
What's going on inside BOA as of the end of the second quarter of the National Mortgage Settlement? Here's your chance to hear it straight from the source... in advance of the monitor's report. Another Mandelman Matters Exclusive!... (Continue reading)
Earth to Bankers, Earth to Bankers… Your Planet is Dying, You Must Evacuate, It’s Time to Come Home.
Written on 7 Jun, 2011 at 7:39
The bankers... yes, the very same bankers who leveraged up on garbage CDOs as if housing prices would never ever go anywhere but up are now supposedly shocked and dismayed that mortgage lending volumes don't seem to be "coming back,"... (Continue reading)
Elizabeth Warren Battles With GOP Over CFPB
Written on 26 May, 2011 at 7:29
How can ANYONE support today's Republicans in the House of Representatives or United States Senate? How can they think anyone will after seeing their behavior related to the Consumer Financial Protection Bureau ("CFPB")? ... (Continue reading)
Mandelman’s Monthly Museletter – Version 11.0
Written on 18 Mar, 2011 at 9:31
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)
Man Drives Car Through Bank of America’s Lobby – Police Investigate, Unsure of Motive
Written on 28 Feb, 2011 at 23:26
So, wait a minute here... he drove into the bank... into it... he was inside a Bank of America at 4:00 AM... and police are still trying to determine if any property was taken... but he's only being charged with... (Continue reading)
New Bankruptcy Court Decision Sounds the Alarm – The USS MERS is Going Down
Written on 14 Feb, 2011 at 10:07
Now, clearly this is a decision that's worth reading for one's self... Judge Grossman is one heck of a writer and not one to play patty-cake with MERS or those of the banking persuasion, but I thought I'd at least... (Continue reading)
BANKERS: Count on them to be petty and offensive, every single time.
Written on 16 Jul, 2010 at 5:21
The bill is important at a time like this, because it would clearly encourage more lawyers to represent homeowners in foreclosure actions "because attorneys can be confident, if successful, that they will be paid for their work." And, as... (Continue reading)
For Bankers of Failed Financial Institutions… the Pain Is Not Over Yet
Written on 13 Jul, 2010 at 22:11
Shiela! There you are! Where the heck have you been girl? Last I heard, Hank Paulson sent you for coffee, and you've been standing in Geithner's shadow ever since. It's about damn time, girl! ... (Continue reading)
Banks Obviously in Trouble, 91 Banks Missed May Payments to Treasury
Written on 17 Jun, 2010 at 23:00
In some cases, banks are attempting to renegotiate or modify their loans. For example, Midwest Banc Holdings offered to swap $84.8 million in preferred shares issued under the TARP program for $15.5 million in common shares, but that would... (Continue reading)
Bringing Up the Rear: ABA President Edward Yingling
Written on 24 Aug, 2009 at 19:07
"It is now widely understood that the current economic situation originated primarily in the largely unregulated non-bank sector. Banks watched as mortgage brokers and others made loans to consumers that a good banker just would not make and they... (Continue reading)