Posts Tagged ‘Center for Responsible Lending’

We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People

We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People

This is not a tragedy that discriminates. The race diminished as a result of what is being allowed to transpire will be “human”. ... (Continue reading)

What Makes a Mortgage a “Bad Loan?” I’m Confused.

What Makes a Mortgage a “Bad Loan?”  I’m Confused.

Or do we only judge a loan to be “bad” after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan “good” until it defaults and then it becomes “bad.” And is... (Continue reading)

California Bar: Disregards Attorney General’s Views, Screws Homeowners

California Bar: Disregards Attorney General's Views, Screws Homeowners

What’s even harder to understand is that the State Bar’s most recent interpretation of SB 94 completely disagrees with how California Attorney General Harris and Governor Brown interpreted the law in documents filed with the court last year when... (Continue reading)

Loan Modifications Stop Foreclosures, Study Shows. DOER ALERT!

Loan Modifications Stop Foreclosures, Study Shows. DOER ALERT!

Don't have time right now? MAKE TIME RIGHT NOW. Read this and DO SOMETHING.... (Continue reading)

Author Michael Hudson Knows The Monster – A Mandelman Matters Podcast

Author Michael Hudson Knows The Monster - A Mandelman Matters Podcast

Here's something you can't do anywhere else... listen to author Michael Hudson not only talk with me about his book, but listen to how he applies his vast knowledge of the subject matter to what's going on today in our... (Continue reading)

The Care Bair – FDIC’s Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements

 The Care Bair - FDIC's Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements

I know… you think not modifying those loans is punishing the homeowners for getting in over their heads… but in realty, it’s not punishing them… it’s punishing you… you are running about, commenting on blogs, advocating the kicking of your... (Continue reading)

CalHFA’s $2 Billion Home Rescue Program… Here’s How Stupid They Think We Are.

CalHFA's $2 Billion Home Rescue Program... Here's How Stupid They Think We Are.

You see, it’s a very well thought out no-lose proposition, this new California foreclosure rescue program… because if the banks refuse to participate in it, which would kill the whole principal reduction aspect of the plan, it’s really not a... (Continue reading)

Geithner Won’t Quit in Battle Over Elizabeth Warren – WE NEED YOU NOW!

Geithner Won't Quit in Battle Over Elizabeth Warren - WE NEED YOU NOW!

I didn’t realize it was liberal to want to see someone put a stop to the kind of abusive lending behavior that has stripped the middle class of just about everything they had. I guess conservatives are now the... (Continue reading)

California’s SB 1275, What’s Not to Like?

California's SB 1275, What's Not to Like?

“The confusion and errors that cost Californians their homes, are devastating to the state’s housing market, but are avoidable and we need this measure to stop further deterioration of the California housing market.” Center for Responsible Lending ... (Continue reading)


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