Monday 20th May
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The Recession is Over! Long Live the Recession!
Written on 11 Oct, 2011 at 12:33
Look people… don’t get bummed out about this study, because a few years from now the NBER is probably going to refer to today as having been a peak. ... (Continue reading)
Only One Paycheck Away from Disaster… No kidding, really? Go figure.
Written on 5 Oct, 2011 at 17:19
Since then, we’ve been bubbled into financial ruin. We bought high and sold low, until our 401(k)s turned into 201(k)s, and then we doubled down on shares of Pets.com, never bothering to question how the company planned to deliver... (Continue reading)
Attitudes on Wall Street: Dear God, Give Me Strength
Written on 4 Oct, 2011 at 6:03
Brancaccio asked about whether these Wall Street types recognized that bonuses are usually paid on profits, but that profits are "radically down," and Bethany replied that they don't. She said that there's a widespread belief that "it wasn't my fault,... (Continue reading)
Former Sub-Prime Lenders Are Back to Profit Off of the Housing Meltdown. Seriously?
Written on 3 Oct, 2011 at 6:16
Basically, the architects of the sub-prime lending that caused the greatest financial crisis in the history of mankind, are now going to profit from the crisis they caused by buying and selling the very sub-prime loans they couldn’t sell before,... (Continue reading)
There’s Pain in Spain as Banks Go Down the Drain… Let Me Explain
Written on 29 Sep, 2011 at 9:12
I wonder what will happen in the next few years as more loans default and the condition of Spain’s banks deteriorates further. You don’t suppose that will mean fewer loans and tighter credit, which will reduce the demand for... (Continue reading)
Hard Truths Block Solutions to Foreclosure Crisis – But, I have the answers that will fix it.
Written on 26 Sep, 2011 at 0:59
BUT… the odds are that they won’t win their lawsuits, their legal arguments will not prevail and ultimately they will lose their homes to foreclosure. Many arrive in court having not made a mortgage payment in several years, and... (Continue reading)
AM I DREAMING ALL OF THIS? (If you can read this, please let me know.)
Written on 23 Sep, 2011 at 20:21
Is it possible that I’m only dreaming all of this? Like, maybe I don’t really blog about the financial and foreclosure crises… maybe it’s all just part of a reoccurring, and incomprehensibly maddening dream? ... (Continue reading)
Mandelman’s Monthly Museletter – Version 15.0
Written on 20 Sep, 2011 at 9:30
1. Obama Administration Leaps Into Action on the Foreclosure Crisis. 2. Nation's poverty rate climbs to 15.1%, highest in 18 years. 3. Obama Says Government to Help More People Refinance… Again. 4. Mortgage Defaults Skyrocket 33% Nationwide in... (Continue reading)
Obama Says Post Office Should Cut One Day of Mail Delivery… Now there’s change we can believe in.
Written on 20 Sep, 2011 at 2:53
Obviously, Obama has been hard at work on this very important subject, and I think we have to give credit where credit is due. And he’s got more ideas than just cutting a day of mail delivery, oh yes... (Continue reading)
Bringing Up the REAR: House Speaker Rep. John Boehner
Written on 19 Sep, 2011 at 19:46
Look, I’ve been an “employer” for some 20 years, and I’d just like to assure everyone that breaking the collective back of our nation’s middle class is precisely what is stopping America’s employers from spending the massive amounts of cash... (Continue reading)
Irresponsible Borrowers Documentary Trailer 2 – We Need Your Support
Written on 15 Sep, 2011 at 22:25
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)
We’re Simply Not Going to Win this Battle in Courts Alone…
Written on 14 Sep, 2011 at 19:01
We plan to release the final film by the end of this calendar year. This is an election year. We can’t afford to wait. Please help me change how this country views the tragedy that is the... (Continue reading)
I Failed… and I’m So Very Sorry
Written on 13 Sep, 2011 at 13:47
I don’t know what to say except that I am so very sorry that I let them down. So deeply sorry… and I’ll never forget them… I’ll try never to let something like that happen again. ... (Continue reading)
Mandelman’s Reluctant Analysis of Obama’s Speech – The American Jobs Act
Written on 10 Sep, 2011 at 22:21
I didn’t want to do this. I was perfectly content ignoring his idiotic drivel as I’ve been doing pretty successfully for over a year. Or, maybe it’s because he hasn’t said anything in over a year, I’m not... (Continue reading)
$6 Billion in Reinsurance Kickbacks to the Banks – Un-reported, Un-Acted Upon & Un-believable
Written on 8 Sep, 2011 at 18:17
Citigroup Inc, Wells Fargo & Co, SunTrust Bank Inc. and Countrywide allegedly required reinsurance partnerships on generous terms that violated the Real Estate Settlement Procedures Act, a 1974 law prohibiting abusive home sales practices.... (Continue reading)
GUEST POST: Prove Fannie & Freddie Innocent Before Suing the Banks – And Here Is How
Written on 7 Sep, 2011 at 13:29
For twelve years during and after the Savings & Loan crisis (1988-2000), I led the group of business analysts at PricewaterhouseCoopers that was responsible for monitoring Ginnie Mae’s $600 billion portfolio of mortgage-backed securities. During that period, I learned... (Continue reading)
Geithner is Allowing Banks to Recapitalize on Backs of Homeowners, or… Games Bankers Play
Written on 7 Sep, 2011 at 8:37
I’ll say one thing for Secretary Geithner: He’s great at distraction. He goes, “Lookie over here.” Then he points his finger towards China… and a pigeon flies out of his ass. You really have to watch this... (Continue reading)
The Case Against Philip Kramer, Et Al
Written on 7 Sep, 2011 at 8:00
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)
Mandelman on Arizona’s Channel 12 NBC News… And other news.
Written on 25 Aug, 2011 at 14:00
While in Phoenix filming a documentary on the foreclosure crisis, I got a call from NBC Channel 12 reporter Melissa Blasius who said she had heard I was in town and wanted to feature what I was doing in one... (Continue reading)
If Your Economic Forecasts are Wrong All the Time, Aren’t You Just Guessing?
Written on 8 Aug, 2011 at 14:31
Mark Zandi is not only misleading the American public, but he’s also misleading the American government, because he appears to have become the favorite economist of the Federal Reserve, the Treasury Department and the Senate and House Budget and Finance... (Continue reading)
From Insult to Injury and Back to Insult… A New Twist on the Demolition Derby
Written on 3 Aug, 2011 at 6:47
I remember a year or two back when Warren Buffett quipped that one solution was to “blow up a lot of houses -- a tactic similar to the destruction of autos that occurred with the â€cash-for-clunkers’ program.’” He was... (Continue reading)
Lawyers, foreclosure fatigue and the dreaded FREE HOUSE
Written on 29 Jul, 2011 at 19:23
Wake up people, we’re running out of time. We need to do better and that means we need to get smarter. And since I still have faith that our laws will prevail, we’ll be needing our nation’s lawyers... (Continue reading)
And the Beat Goes On… Yeah, the Beat Goes On…
Written on 23 Jul, 2011 at 2:05
And call me crazy, but I found the news oddly reassuring… you know… like a peanut butter and jelly sandwich and an ice cold glass of milk. ... (Continue reading)
16 Banks Ordered to Compensate Victims of Improper Foreclosure
Written on 21 Jul, 2011 at 16:31
Guess what… the federal government has ordered 16 of the largest mortgage servicers to reimburse homeowners who they foreclosed on IMPROPERLY. Well, isn’t that nice? What a lovely surprise. ... (Continue reading)
GOING UP… The Rising Bar of Homeowner Rage
Written on 20 Jul, 2011 at 7:08
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)
HAMP, HARP, HOP, HOOP… Like Watching Someone Spend $10 Trying to Fly to the Moon
Written on 19 Jul, 2011 at 5:06
Boy, that sure is a relief, wouldn’t you say? Because, see… I had been under the impression that he had actually been trying to do something big and important and was putting his best foot forward, as it were.... (Continue reading)
No Friend to the Banksters… Attorney Nick Wooten – A Mandelman Matters Podcast
Written on 16 Jul, 2011 at 10:59
If I have to introduce Alabama foreclosure defense attorney Nick Wooten to you, then you're not much of a foreclosure crisis news junkie, because Nick has made headlines for his lawsuits against the banksters on behalf of homeowners as much... (Continue reading)
A Walk Down Memory Lane With President Obama & the Mortgage Crisis
Written on 12 Jul, 2011 at 18:00
As a result, homeowners who begin the process of obtaining a loan modification with expectations largely set by the President, are likely to be disappointed at the outcome, regardless the outcome. ... (Continue reading)
Well, Now Isn’t That Interesting… All the News That Fits, We Print
Written on 9 Jul, 2011 at 7:44
1. FDIC is suing former IndyMac CEO for a lot of dough. 2. Obama admits failure on foreclosure crisis. 3. What was the tru cost of the bank bailouts?... (Continue reading)
Mandelman SHOCKS Online Community, Says: “I don’t care about my readers anymore.”
Written on 9 Jul, 2011 at 0:54
And the best part of the whole thing is that even if you’re weren’t a DOER this time around… even if until now you’ve just been a “reader,” it doesn’t matter… ANYONE CAN BECOME A DOER AT ANY MOMENT. ... (Continue reading)
Mandelman’s Monthly Museletter – Version 14.0
Written on 2 Jul, 2011 at 7:28
Happy Independence Day! 1. Bank of America... The wrong house AGAIN? 2. Let's call it: Bernankeconomics. 3. Fifty Million for 7,000 Short Sales, Cash for Sunkers? 4. The OCC says fewer than 5,000 principal reductions in... (Continue reading)
Bringing UP the Rear – Fannie Mae’s President and CEO, Michael J. Williams
Written on 1 Jul, 2011 at 3:20
And I’ll never be able to prove this, but I’m al most positive that I could have bankrupted Fannie Mae for a lot less than $1.5 trillion, and I don’t know anything about the mortgage business. In fact, I... (Continue reading)
Bringing Up the Rear: Tom Deutsch, Executive Director, American Securitization Forum
Written on 1 Jul, 2011 at 2:52
I asked a friend of mine who is a fairly senior executive at a major bank, although not one of those mentioned here, and he said that he can’t imagine the banks losing them. He explains that the truck... (Continue reading)
GUEST POST: Stop HAMP Discrimination Against the Disabled and the Elderly
Written on 30 Jun, 2011 at 18:46
Retirees and the handicapped experience higher living expenses, including home maintenance, spiraling healthcare costs, utilities, and other expenses associated with age, disability, and/or deteriorating health. That fact progressively reduces their disposable income and ability to make mortgage payments. ... (Continue reading)
Ohio’s Former AG Marc Dann Talks Hawaii & Fighting Banks – A Mandelman Matters Podcast
Written on 30 Jun, 2011 at 4:06
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)
Ocwen Loan Servicing Takes Home from Handicapped Because There’s Equity
Written on 27 Jun, 2011 at 5:44
Also, call me naïve, but I have to believe that this is all some sort of gigantic oversight, and you’re going to learn of it… correct it immediately… and the Giangregorios are going to live in their home… happily ever... (Continue reading)
Fannie Mae Chickens Out of Phone Conference with Hawaii’s Homeowners
Written on 26 Jun, 2011 at 5:16
For example, in response to Fannie's announcement, there was talk of circulating a petition asking that Fannie... I suppose... reconsider their position and agree to participate in the state's new mediation program. Adorable, right?... (Continue reading)
Bringing Up the REAR – Jamie Dimon, Chairman & CEO, JPMorgan Chase & Co.
Written on 19 Jun, 2011 at 16:47
“You have exactly 11 hours to sign and notarize this form. Then deliver three copies to one of three addresses in your home city between 3:00 PM and 4:30 PM on Thursday. The catch is that you must... (Continue reading)
FOR THE FATHERS
Written on 19 Jun, 2011 at 5:48
But, it’s hard for me to be happy without thinking about the hundreds of thousands or perhaps millions of fathers who while they smile through their day, are also worrying about what will happen tomorrow because they know that, despite... (Continue reading)
Civil Beat Reporter in Hawaii Interviews Mandelman on Fannie Mae Decision to Foreclose Judicially
Written on 15 Jun, 2011 at 18:28
"The people of Hawaii today are very proud of their Legislature for (Act 48)," Andleman said. "It was a grassroots movement, they felt like they had a real success on a national scale. I mean it was a big deal.... (Continue reading)
The Definition of Dichotomy
Written on 15 Jun, 2011 at 3:25
So, now the Attorneys General from New York and Delaware are investigating in order to find out whether trillions of dollars in loans were seriously mishandled and therefore are not in the trusts, as the banksters said they were. ... (Continue reading)
Mandelman’s Monthly Museletter – Version 13.0
Written on 12 Jun, 2011 at 3:11
In this issue: 1. Banker-Speak... A new language. 2. An Interesting List. 3. Lessons from History... How we handled foreclosures during the 1930s. 4. I wanted to like Bruce Marks of NACA... but I can't. 5.... (Continue reading)
Fannie Responds to Hawaii’s New Foreclosure Law – Says… WE’RE OUT!
Written on 12 Jun, 2011 at 0:35
So, I really didn't know what the banking industry was going to do... I only knew one thing with certainty, even if everyone didn't agree... no way would they conform to the new law governing non-judicial foreclosures. Mediation sounded... (Continue reading)
NBC/MSNBC.com Try to Cover the Foreclosures Crisis
Written on 10 Jun, 2011 at 6:34
No matter, at least you're understanding that today the people falling into foreclosure did nothing to cause their fate. It's now happening at every socio-economic level of our society, and you may be assured that it will spread and... (Continue reading)
Treasury Official: “HAMP’s Incentives Meaningless” – SO, PROGRAM WASTED $560 MILLION?
Written on 9 Jun, 2011 at 21:59
If that’s the case, and I have no reason to believe that it isn’t, then I would only like to suggest that perhaps some of the millions eligible for withholding could have been withheld prior to paying them the $560... (Continue reading)
Please Call the White House Today for Elizabeth Warren… Here’s the Number and a Script. Please Call.
Written on 9 Jun, 2011 at 14:06
I had the privilege of meeting Elizabeth Warren about a month ago when she was in San Diego and here are a few of the things she said to me... I wrote them down at the time so I'd have... (Continue reading)
Bank of America forecloses on un-mortgaged Florida home… that’s hardly news. Is EVERYONE missing the point here?
Written on 8 Jun, 2011 at 18:50
What the heck is going on around here? We’re now passing around a story about a stupid PR stunt by a lawyer that ended up making Bank of America look REASONABLE? Oh my God, people… listen to me... (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)
MAX GARDNER from the Front Lines of the Battle… A Mandelman Matters PODCAST!
Written on 5 Jun, 2011 at 16:43
Click the button below... and you'll hear a Mandelman Matters PODCAST... A PODCAST THAT MATTERS, if you will. From start to finish, it's unquestionably MAX GARDNER at his candid best. ... (Continue reading)
Hey Everybody… It’s “Pretend You’re Surprised About the Economy Day!”
Written on 1 Jun, 2011 at 9:51
Falling Home Prices, the Next Financial Crisis is Near, Defaulters Aren't Deadbeats After All, the Economy with Gwen Ifill and MERS has No Clothes.... (Continue reading)
Dylan Ratigan on “Fraudclosure” Still Seems to be “Lite” on Servicers
Written on 1 Jun, 2011 at 4:59
I'm not kidding about this... every morning I wake up, get my coffee, turn on some cable news show, look over at my wife and say: "Look at that, honey... BofA didn't blow up again today! Will wonders never... (Continue reading)
Today’s New… “But, You Didn’t Make Your Payment” Exemption to the Law
Written on 29 May, 2011 at 19:20
Don't make this more complicated than it need be. If you came and repossessed my car but were NOT the person or entity holding my pink slip, then we had a phrase to describe that occurrence as well ...... (Continue reading)
On Friday I turned 50 years old, and although I haven’t changed, this country sure has…
Written on 29 May, 2011 at 17:01
What’s changed is this country. It’s not at all the same as it’s been throughout my lifetime, in fact it’s very different in quite a few substantive ways… do you feel it too, or is it just me? ... (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)
Guest Post: Max Gardner on Rep. McHenry’s Shameful Treatment of Elizabeth Warren
Written on 26 May, 2011 at 5:11
And now we have Brother Patrick McHenry attacking in an outrageous fashion the one and only person in America who is trying to stand up for consumers and to protect us from the Banksters who singleâ€handedly brought about the biggest... (Continue reading)
Marques LIVES! Homeowner wins, then loses, then WINS!
Written on 25 May, 2011 at 8:11
Okay, so Mr. Marques is nothing if not persistent, apparently, and God bless him for that, because this time out… his third time at bat… he hits one out of the park! ... (Continue reading)
Paula Pennypacker – An Arizona Republican Conservative Finds Mandelman Matters
Written on 24 May, 2011 at 4:33
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)
Breaking Down the Real Cause of the Foreclosure Crises
Written on 23 May, 2011 at 7:29
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)
When Auditing Foreclosures, the OCC’s Definition of the Word “Thorough” is “Hidden”
Written on 21 May, 2011 at 9:50
The findings of the independent reviews will be… sealed… closed to the public… whatever the independent reviews uncover or determine will remain a well-publicized secret. ... (Continue reading)
KILL BILL: Arizona Mortgage Lender’s Association Takes Credit for Killing SB 1259
Written on 19 May, 2011 at 6:33
Hagen went on to explain that he had lobbied “the individual that issued the strike everything amendment, which I would say would have to be Rep Nancy McClain, but I suppose it could also have something to do with Sen.... (Continue reading)
Over There… Over There… Send The Word, We’ll Foreclose, While You’re There
Written on 16 May, 2011 at 18:52
So, what exactly is the problem here, banker-people? Don’t you have enough homeowners under consideration for a loan modification that you can foreclose on without notice that aren’t active duty military? No one, save a handful of foreclosure... (Continue reading)
KPHO Channel 5 Arizona Airs Story on Rep. Seel’s Principal Reduction
Written on 12 May, 2011 at 10:46
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)
Mandelman Responds to SF Chronicle Article: Fighting Banks and Winning – How Homeowners Did it
Written on 12 May, 2011 at 10:00
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)
Is Bank of America Worth $200 Billion?
Written on 12 May, 2011 at 1:30
Bank of America bought Countrywide for $4 billion and change. That sounds funny to me now. You’ve got to admit it. The idea that someone would PAY money for Countywide has to make you giggle at least... (Continue reading)
A case of major lending institutions with no respect for the law… Part of the system that destroyed the American economy
Written on 7 May, 2011 at 8:20
Thigpen says that a large number of national banks, including Bank of America, Wells Fargo, HSBC and others repeatedly filed documents with forged signatures illegally notarized and other false information, and not only in his Register of Deeds office, but... (Continue reading)
SB 729 Fails – California Homeowners Get Banked but not Kissed Once Again
Written on 6 May, 2011 at 1:36
Tweet California Senate Bill 729 failed to pass in the Senate Banking Committee for the second time in the last two weeks. In a related story, it seems that the rights of chickens have suffered yet another blow, with the... (Continue reading)
Governor Abercrombie Signs SB 651 – Toughest Foreclosure Bill in Nation NOW LAW!
Written on 6 May, 2011 at 0:17
The new law makes mediation prior to foreclosure MANDATORY if requested by the borrower, and requires mortgage servicers attempting to foreclose to submit to the mediation board, 14 days prior to mediation, proof that the chain of title is intact,... (Continue reading)
Wal-Mart, Bill Clinton & Now Act 885… Things I know about Arkansas?
Written on 4 May, 2011 at 9:14
Isn’t that the 800 lb. gorilla in the room that we’re talking about here? I mean, can they provide any of those things? It certainly doesn’t seem so, unless LPS or DOCX or some foreclosure mill law firm... (Continue reading)
Hawaii 2011 – My Prayer for Hawaii’s Homeowners and SB 651
Written on 3 May, 2011 at 0:16
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)
Hawaii’s Legislature Poised to Pass Nation’s Strongest Foreclosure Protection Bill
Written on 2 May, 2011 at 7:33
The dialog about the foreclosure crisis began when FACE member ministers began talking openly about there being no dignity for the families trying to save their homes from foreclosure by the mainland banks. That’s what motivated FACE to get... (Continue reading)
AZ Rep. Seel Drops Amendment Requiring Pre-Foreclosure Chain of Title, 2 Days After Servicer Grants Principal Reduction
Written on 29 Apr, 2011 at 19:24
As a result of that close involvement, Darrell says he personally saw the paperwork indicating both the trustee sale was being cancelled and that the significant principal reduction was being granted as part of Seel’s loan modification. He... (Continue reading)
A Nation So Utterly Divided…
Written on 6 Jan, 2011 at 11:45
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)
Mandelman Commenting on ProPublica Article…
Written on 19 Dec, 2010 at 4:16
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)
Watch Which Words You Use With Republicans – They Could Take Their Toys and Go Home
Written on 18 Dec, 2010 at 7:52
The Republican’s version of the report is said to be a whopping 13 pages long, and is expected to place the blame for the crisis squarely on the shoulders of poor people who wanted to buy houses, and how some... (Continue reading)
Legal Aid for Homeowners: Perhaps the only thing on the planet for which TARP funds CANNOT be used.
Written on 11 Dec, 2010 at 22:32
For some strange reason I also had it in my mind that he was the one who wouldn’t tell us what the banks did with the TARP funds… like we had no right to know what the bankers did with... (Continue reading)
Banks Kick Consumer’s Butts Once Again – SB 1275 Dies in the California Assembly
Written on 1 Sep, 2010 at 7:41
Even though the bill was supported by EVERYONE but the banking lobby, it was rejected 36-30 in the Assembly. Even after it was approved by the state Senate and three Assembly committees. This time… no… but thank you... (Continue reading)
Elizabeth Warren’s Appointment In Jeopardy-We Have to Act Now
Written on 23 Jul, 2010 at 5:37
Elizabeth Warren’s appointment to the Consumer Financial Protection Bureau, the agency she conceived of and has lobbied for since 2007, is by no means assured, and in fact, sources on The Hill say they don’t think Warren will get the... (Continue reading)
Elizabeth Warren on the Foreclosure Crisis
Written on 19 Jul, 2010 at 8:58
Elizabeth Warren: "It's about respect. I believe that the American people ought to be part of the conversation about what's happening in our economy, and what's happening in Washington D.C. and what's happening on Wall Street. I truly... (Continue reading)
Elizabeth Warren or Bust, I’m Drawing the Line
Written on 18 Jul, 2010 at 5:11
Ms. Warren should unquestionably be asked to head up this new Consumer Financial Protection Bureau, bribed, begged and/or pleaded with, if need be. Without her philosophy and leadership setting the standards and tone of this new bureau as it... (Continue reading)
Once in a Great While You See Something That Means Something
Written on 17 Jul, 2010 at 17:33
It doesn't happen every day... far from it, perhaps... but, once in a great while you see something that really means something... something that you are unlikely to ever forget. Â This video is one of those types of things. ... (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)
Nina Easton’s HOT Stocks for Homeowners Losing Homes
Written on 1 Jun, 2010 at 5:42
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)
We Are On the Brink of a New Age of Rage
Written on 29 May, 2010 at 7:17
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)
Banks Lobbying, Financial Reforms & Who’s Recovering?
Written on 16 May, 2010 at 18:07
Like the flying monkeys from the Wizard of Oz, they’ve been summoned by the bankers to our nation’s capital; flying in from around the country until they hit the steps of the U.S. Capital building… when they’re transformed into lobbyists... (Continue reading)
Who is Freddie Mac to Strategic Defaulters? Well, I Have a Message for Freddie Mac.
Written on 12 May, 2010 at 9:00
What is Freddie Mac anyway? I’ve personally spoken with several thousand homeowners from all over the country, hundreds that have considered walking away from their mortgages, or are now in the process of doing so, and let me assure... (Continue reading)
My Year in A-Trance: What I’ve Learned About Loan Modifications
Written on 4 May, 2010 at 1:50
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)
MANDELMAN’S MONTHLY MUSELETTER ISSUE 6.0
Written on 3 Feb, 2010 at 15:54
1. Obama Administration touts success with housing. 2. Quotes about Goldman Sachs. 3. HAMP Waiver 4. FHA is Going Down 5. Florida Bankers Draft Legislation... (Continue reading)
First Premier Bank Credit Cards… Now at 79.9% Interest!
Written on 18 Dec, 2009 at 3:56
Yes folks, it’s true… the banking lobby strikes yet again. No limit on interest rates charged by credit cards. It’s funny too, because I could have sworn there was a cap of 390% voted in, but maybe I... (Continue reading)
CONTACT CONGRESS: Support Judges Modifying Mortgages NOW! Otherwise, It’s All Up to the Banks.
Written on 10 Dec, 2009 at 21:20
Click the button below NOW. There is literally NO TIME TO SPARE... You don't even need to know your representative's name. All you need to know is your own name, address, phone and zip code. The letter... (Continue reading)
EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW… SAVE BANKRUPTCY REFORM!
Written on 10 Dec, 2009 at 16:45
PLEASE TAKE TIME NOW TO contact your friends, family and business associates... stop whatever your staff is doing to give them time to call in. Put it on your Facebook pages, on your LinkedIn pages, Twitter it... re-tweet it! ... (Continue reading)
BREAKING NEWS: Amendment Allowing Judges to Modify Mortgages to be Included in H.R. 4173 – Wall Street Reform and Consumer Protection Act
Written on 8 Dec, 2009 at 4:01
We need judges to be able to write down mortgages on primary residences because the banks aren’t doing it voluntarily, the administration’s Making Home Affordable plan isn’t working, and the result continues to be millions of foreclosures that are destroying... (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)
A Hundred Thousand Homeowners – Voices of Hope & Change
Written on 13 Nov, 2009 at 20:12
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)
Cuomo v. Clearing House: The Most Important Supreme Court Decision for Homeowners and Our Economy In Decades
Written on 7 Nov, 2009 at 18:40
So far this year, while most Americans have seemingly been preoccupied with other things, the banking lobby has managed to have its way with every single piece of legislation our legislature has considered or ultimately passed. ... (Continue reading)
So, It Wasn’t the Subprimers After All… What Do You Know About That?
Written on 20 Jul, 2009 at 15:18
Sub-prime borrowers hate moving… especially their refrigerators. They can't afford fancy moving companies who come pack everything up and unpack it at the next homestead. They call friends like me who are stupid enough to always own a truck. The... (Continue reading)
Income Inequality Gap Widens, Government Report Shows
Written on 18 Jul, 2009 at 14:22
"It remains to be seen just how far the rich have fallen behind," said Sen. Bunkie T. Witherspoon III (R-Texas). "It may only be a temporary problem and the federal government has no business giving further entitlements to the rich... (Continue reading)
I Say… Keep Guantanamo Open!
Written on 18 Jul, 2009 at 13:12
You see, I have an idea that perhaps the Obama administration hasn't considered as yet, and I think the American people, both those on the right and on the left, might see it as being a good one. After all,... (Continue reading)
Economy Watch: State of California Says Attorneys Stealing Smaller Sums
Written on 7 Jul, 2009 at 5:53
Tweet It wasn’t that long ago when you couldn’t get a practicing attorney to even consider stealing anything under seven figures from a client. Â And the Ivy League law school grads wouldn’t be caught dead ripping off anything under eight... (Continue reading)
Wells Fargo’s “Ghetto Loans” and the “Mud People”
Written on 28 Jun, 2009 at 22:40
Beth Jacobson says that she and fellow loan officers at Wells Fargo Bank systematically singled out blacks in and around Baltimore in order to sell them high-interest sub-prime mortgages, whether they would have qualified for prime loans or not. ... (Continue reading)
Former sub-prime lenders are back to profit off the mess they made. Seriously?
Written on 9 Jun, 2009 at 15:22
Apparently, they were not quite satisfied with the hundreds of millions they stole… I mean made, so they’ve launched a company that will buy distressed mortgages from banks and the government at a discount, modify the loans so that the... (Continue reading)
