Posts Tagged ‘deficiency judgement’

How to Strategic Default? Ask the MBA.

Written on 21 May, 2012 at 7:15

How to strategic default? There's just one little, teeny-tiny, almost insignificant smidgeon of a problem with what the Mortgage Bankers Association's CEO was saying: He was completely full of shit. ... (Continue reading)

Arizona’s SB 1451 – Does Arizona Have the Right to Save Itself from Drowning in Underwater Loans?

Written on 19 Feb, 2012 at 6:11

Senate Bill 1451 only uses PRIVATE MONEY. There is no government money involved, no subsidies, no guarantees, and no taxes. This Program utilizes a completely different structure than any current mortgage program. It includes a cash insurance... (Continue reading)

Tagged with: abrogate loan agreements Arizona arizona constitution arizona foreclosure laws Arizona SB 1451 Associate Professor of Law at Loyola Law School Lauren Willis banking lobby CDOs chain of title deficiency judgement double dip eminent domain Fannie Mae foreclosure crisis foreclosures Freddie Mac good for banks good for borrowers Home Building & Loan Association v. Blaisdell invalid assignments Lauren Willis loan modification loan modifications mandelman mandelman matters martin andelman MERS mortgage crisis mortgage fraud mortgage refinance negative equity private contracts recession robert robb Robo-Signing Scottsdale securitization securitization audit Senator Michelle Reagan strategic default The Housing Finance Reform Act of 2012 underwater mortgages

Arizona’s Rep. Jack Harper Says Walk Away and You’ll Pay

Written on 14 Dec, 2011 at 2:02

The Arizona Bankers Association has been trying to change that for years so banks could go after the homeowners for the amount of the deficiency, and finally they've found their boy in Jack Harper. Inconceivably, Harper says he will... (Continue reading)

Tagged with: Arizona Bankers Association Arizona Daily Star Arizona foreclosures Arizona House Ways and Means Committee banking lobby Community Reinvestment Act deficiency judgement economic recovery economy Fannie Mae foreclosure crisis foreclosures Freddie Mac HAMP hardest Hit States Jack Harper jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman mortgage crisis mortgage refinancing mortgage servicers non-recourse state president obama recession Representative Jack Harper REST Report strategic default TARP Treasury Secretary Tim Geithner trial modifications unemployment walk-away from underwater mortgage wall street bankers