Wednesday 4th December
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Mandelman’s Monthly Museletter… Version 10.0
Written on 3 Feb, 2011 at 6:25
1. California's ex-AG, Governor Jerry Brown Settles Countrywide Suit for $6.5 million. 2. Mandelman ADMITS HE WAS WRONG About AZ's Foreclosure Program's Potential. 3. Wall Street Journal: $135 Billion for Bankers in 2010... Breaks Previous Record Set in 2009.... (Continue reading)
As Pressure Mounts, Bank of America Plans Principal Reductions for Underwater Homeowners
Written on 24 Mar, 2010 at 14:44
Bank of America will offer qualified homeowners an interest-free forbearance of principal that the homeowner can turn into forgiven principal annually over five years, provided they stay current on their mortgage payments. Over the five-year period, homeowner can bring... (Continue reading)
Bank of America Says They Modified 50,000 Mortgages… Whatever That Means…
Written on 24 May, 2009 at 16:23
Look, if loan modifications aren't taken more seriously and soon, we're all in serious trouble. Foreclosures breed foreclosures. They lower housing prices, which leads to lower consumer spending... which leads to reduced corporate profits... which leads to more layoffs... which... (Continue reading)