Wednesday 4th December
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Former SIGTARP Neil Barofsky – The Last Honest Man in Washington – A Mandelman Matters Podcast
Written on 14 Sep, 2012 at 11:25
Settle in and get ready to hear the real inside scoop on how Washington works and too often doesn't. It may cause vomiting and probably shouldn't be listened to if you have a heart condition... I'm really not sure.... (Continue reading)
What Shall We Tell Our Children, Mr. President?
Written on 27 Oct, 2011 at 9:19
What shall we tell the children, Mr. President? How can we tell them the truth? How can we tell them we've lost faith in America... that our government has abandoned us... that we no longer feel like a... (Continue reading)
President Obama… Thank You. Elizabeth Warren… Will You Marry Me?
Written on 15 Sep, 2010 at 20:53
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)
Obama Administration in a Scramble to Do Something Right for Housing Market
Written on 13 Sep, 2010 at 7:54
Most of the suits allege that the trial modification plans are contracts, and that Bank of America and every other servicer broke them by not granting permanent modifications to homeowners who made their trial payments on time and provided the... (Continue reading)
AMERICA LOST: Treasury’s meetings with bloggers tells a story that I didn’t want to hear.
Written on 30 Aug, 2010 at 10:34
It made me sad to know what Treasury Department officials had said about the foreclosure crisis and HAMP... very, very sad. In fact, I can't think of another time in history when my government acted as these guys have... (Continue reading)
It’s a Matter of Principal – HAMP’s New PRA
Written on 6 Aug, 2010 at 7:31
And NPV 4.0 is what drives the PRA, which is a "deferred principal reduction program" that allows the homeowner to earn a principal reduction over a three-year timeframe by making all payments in accordance with the loan's modified terms. According... (Continue reading)
JPMorgan Chase Blows Away Analysts’ Estimates, Lies Beyond Expectations
Written on 21 Jul, 2010 at 7:34
But, I suppose as long as Geithner doesn't make the mega-bank write down any losses in the future, everything will work out just fine and dandy. What, me worry? No chance of that. Besides, I don't know... (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)
SO, HAMP ISN’T GREAT. WE KNOW. WHAT ARE YOU GOING TO DO ABOUT IT?
Written on 4 May, 2010 at 3:01
Why the banking lobby starts to look downright puny next to millions of American homeowners all shouting at the same time... "Congress better take note! We intend to use our VOTE!" Yep, after that the foreclosure crisis would... (Continue reading)
BREAKING NEWS: Treasury Announces Much-Awaited Major Improvements to HAMP Loan Modifications
Written on 28 Jan, 2010 at 23:15
Recognizing that the Making Home Affordable and HAMP loan modification plan are ridiculous failures, President Obama and Secretary Geithner worked tirelessly and today announced how they've fixed the problems.... (Continue reading)
Today’s Weather in India – Low 80s, Not a Cloud in the Sky.
Written on 25 Jan, 2010 at 3:00
So, I bet you're wondering how this whole thing happened. Funny story... I was actually trying to get my mortgage modified and since President Obama announced that there was now a fabulous government help-line phone number I could call,... (Continue reading)
THE JURY IS IN: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever
Written on 3 Dec, 2009 at 19:11
I don't know about you, but 1700 out of 650,000 makes me want to believe that the 1700 were mistakes that slipped through. It makes more sense to think that the HAMP program was designed to create foreclosures... and... (Continue reading)
Speech By Asst. Treasury Sec. Barr on President’s Plan to Strengthen Housing Sector… with commentary by Mandelman
Written on 29 Nov, 2009 at 0:52
Barr's predominantly an academic. He taught at the University of Michigan Law School, was a Senior Fellow at the Center for American Progress and at the Brookings Institute, and it looks like he's co-written a couple of books with... (Continue reading)