Monday 20th May
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FREE BERNIE MADOFF FREE BERNIE MADOFF
Written on 2 Aug, 2012 at 16:22
If no one else is going to go to jail having to do with the financial meltdown, then I don’t actually care if Bernie is in there either. I mean, if crime pays… then let’s embrace the change. ... (Continue reading)
Fannie’s “Decoy Assignment” a NEW Foreclosure Defense – A Mandelman Matters Podcast with Atty. Tom Cox
Written on 30 Jul, 2012 at 6:03
Tom has recently discovered a practice employed by the GSE's... Fannie and Freddie. It has to do with what we're calling "The Decoy Assignment," and it's a matter of policy. He's arguing it successfully in court.... (Continue reading)
No Bottom in Sight – Im Starting to Feel Sorry for Realtors
Written on 29 Jul, 2012 at 0:54
So, this year started out depressed, as well it should have, but very quickly, and I do mean within weeks, a six-year downturn was transformed into a robust recovery based on… well… nothing really. None of the fundamentals changed,... (Continue reading)
It’s Official: Thanks to Former Citigroup CEO Sandy Weill… I Have Now Seen Everything.
Written on 26 Jul, 2012 at 9:09
So, I guess I had this dream. I was watching CNBC... which, by the way, is how I knew it was a dream because I never watch CNBC... anyway, so I was watching CNBC and on comes Sanford "Sandy"... (Continue reading)
GAO Study Finds OCC Foreclosure Review too Hard for Us to Understand
Written on 25 Jul, 2012 at 8:22
The GAO’s report, released earlier this month concluded that the OCC simply made submitting a complaint too difficult for us to understand. We couldn’t figure it out. It was over our collective heads. And so, completely... (Continue reading)
Mortgage Servicing The Winds Have Shifted, the Pendulum is About to Swing
Written on 25 Jul, 2012 at 0:43
The recent passage of California’s Homeowner Bill of Rights (53-25, 25-13) is the most conclusive example that what I spoke of at that conference in 2010, has come to pass. The financial services industry lobbied heavily against the passage... (Continue reading)
Understanding Elite Fraud and the Mortgage Meltdown with William K. Black – A MM Podcast
Written on 21 Jul, 2012 at 10:08
Why has no one at the top been investigated or prosecuted for fraud or anything else for that matter as related to the financial meltdown that has destroyed trillions of dollars in consumer wealth? Especially when William K. Black's... (Continue reading)
Scott Stafne for Washington State Supreme Court – A Mandelman Matters Podcast
Written on 12 Jul, 2012 at 10:10
Washington State consumer attorney Scott Stafne is running for a seat on the State Supreme Court in the State of Washington. Why is he running, and why should you care regardless of where you live... click play and listen... (Continue reading)
LBO AMERICA with Catherine Austin Fitts, A Mandelman Matters Podcast
Written on 7 Jul, 2012 at 5:50
Catherine Austin Fitts has perspective on the housing and mortgage meltdown like no other. Under President George Herbert Walker Bush, she was Assistant Secretary of Housing and Federal Housing Commissioner at HUD, where she basically ran the Federal Housing... (Continue reading)
I Would Have Bet Anything Against This 10 Years Ago…
Written on 6 Jul, 2012 at 5:30
If even ten years ago, someone would have tried to tell me that in 2012, young people in Russia would be doing this, while in the U.S.A. our young people would be drowning, I NEVER would have believed it.... (Continue reading)
Announcing the National Mortgage Settlement – My Favorite President Obama Speech of All
Written on 4 Jul, 2012 at 7:42
But, I'm now posting the speech from last February, at which the president announced the conclusion of the AG investigations/negotiations because I think it was his best speech ever in many ways. It's the only speech he's ever given... (Continue reading)
President Obama, Bored With the Foreclosure Crisis. That Explains A Lot, Actually.
Written on 1 Jul, 2012 at 9:07
And now I'm supposed to come to terms with the idea that the administration's bored with the topic itself? I could understand it if they were bored with something they'd mastered, although I can't for the life of me... (Continue reading)
Attention DOERS… You DID IT Again! SunTrust Responds.
Written on 1 Jul, 2012 at 0:43
Marty said that the SunTrust Bank executive said they should be able to do something to prevent her from losing her home. Marty said it was the first time in four years that she felt like someone was actually... (Continue reading)
Chase? Hello? Mr. Dimon? Are You Really Going to Do This to a Single Mom in this Situation?
Written on 29 Jun, 2012 at 17:07
It was a bad path to be on, as things turned out, but she didn’t know that for about 18 months. Right up until the day Chase sold her home without any real notice, Chase kept saying that they... (Continue reading)
Loan Modifications Stop Foreclosures, Study Shows. DOER ALERT!
Written on 29 Jun, 2012 at 9:33
Don't have time right now? MAKE TIME RIGHT NOW. Read this and DO SOMETHING.... (Continue reading)
CAR- California Assn. of Realtors Tries to Kill Homeowners Bill of Rights
Written on 28 Jun, 2012 at 22:53
Let’s let C.A.R. know that even though many of us may be losing homes today, that doesn’t make us deadbeats… it makes us strong… it makes us focused… and it makes us remember who was and who wasn’t on our... (Continue reading)
Through a Glass Darkly – The State Bars Lack of Transparency On Loan Mod Lawyers
Written on 21 Jun, 2012 at 22:13
What the state bar is left with are not the lawyers that SB94 was intended to address but a target nonetheless because of SB 94's overly broad and possibly unconstitutional remedy… lawyers simply caught up in the loan mod dragnet.... (Continue reading)
FTC Shuts Down Forensic Audit Scam that claims: 95% of mortgages may be legally unenforceable. (Where have I heard that before?)
Written on 18 Jun, 2012 at 7:28
So, I'm certainly not going to say that the FTC shutting down a forensic loan audit scam in LA is anything but a terrific thing... one less scam is one less scam... regardless of what others are still around. ... (Continue reading)
Elizabeth Warren Asks Netroots Nation a Question. Problem is, I think the answer is NO.
Written on 18 Jun, 2012 at 5:03
The real point is that we don't deserve someone like Elizabeth Warren and likely won't get her or anyone like her until we can answer her question about being ready with a resounding YES! and really mean it, as in... (Continue reading)
Were Being Fed a Steady Diet of Econocrap
Written on 16 Jun, 2012 at 18:39
Overall, the point I’m making is that I don’t really care that the government wants to pay Scrabble-type word games with the word “recession” or “recovery.” I don’t care how they want to screw around with the unemployment rate... (Continue reading)
Just Another Wells Fargo Tale. Mr. Stumpf, With All Due Respect…
Written on 15 Jun, 2012 at 10:15
Wells Fargo denied her application for a loan modification after roughly 18 months of trying. The letter said, “we carefully reviewed your… blah, blah, blah… and the investor has declined to modify your mortgage.” ... (Continue reading)
Wells Fargo Hates Me! Bank Freezes, Closes Wrong Account
Written on 14 Jun, 2012 at 7:59
Tweet Wells Fargo Bank CEO John Stumpf Did you see what happened yesterday? It’s hysterical, really. I mean, not for Aaron Krowne at ML-Implode, or Michael Nazarinia at Rest Report Matters… you see, Wells Fargo was shooting at me… but... (Continue reading)
Arizona Supreme Court Ends the Argument – No Note Needed to Foreclose
Written on 12 Jun, 2012 at 16:13
It’s worth noting that in this case, the borrower did not allege that the two Banks had right to enforce the notes, only said the notes had to be shown, and the Court simply ruled that no such requirement was... (Continue reading)
What is Ed DeMarco Thinking?
Written on 10 Jun, 2012 at 17:48
Edward DeMarco of the FHFA is the conservator for the GSEs, Fannie Mae and Freddie Mac. At this point the president, the Secretary of the Treasury, and many in congress have asked him about participating in anything... HAMP, principal... (Continue reading)
Nancy Pelosi sent my reader Amy an email. And Amy replied brilliantly.
Written on 10 Jun, 2012 at 7:26
Nancy Pelosi sent a Mandelman Matters reader, Amy Sheaffer, an email. Any wrote back. Brilliant! Lord, I do love my readers.... (Continue reading)
Should States Use Settlement Money for Deficits or Housing? Oh, So What and Who Cares?
Written on 8 Jun, 2012 at 19:02
When I saw the very first state make a grab for the settlement cash allegedly headed the state’s way, I laughed and vowed not to let it get to me. Mandelman Matters, after all, only writes about things that... (Continue reading)
Inside the Mind of JPMorgan Chase CEO, Jamie Dimon
Written on 6 Jun, 2012 at 22:21
What goes on in Jamie Dimon's head? He loses billions in a few weeks and then goes on Sunday morning talk shows looking like he's just written a cookbook or whatever, saying that he's getting tired of people hating... (Continue reading)
Mandelman made $454,000 in 1 year as student loan debt collector?
Written on 4 Jun, 2012 at 16:52
Have you found your mortgage servicer to be a tad offensive at times. Well, that's to be expected, after all, they are a bill collector, right? Well, here's some news that will drive you insane... mortgage servicers are... (Continue reading)
For My Birthday… Love, Your Broken Home. By Tim Miller
Written on 3 Jun, 2012 at 7:15
Tim Miller, is a singer/songwriter from Dallas, Texas. Here he is performing a song he wrote after reading a news story about a family who lost their home, the victim of predatory lending.... (Continue reading)
In the Words of Goldman Sachs CEO, Lord Blankcheck…
Written on 2 Jun, 2012 at 22:15
So, have you ever wondered what Goldman Sachs CEO is saying when the cameras aren't on, own what goes on under that highly polished dome of his? Well, I sure have. ... (Continue reading)
My Financial Recovery Plan for the Middle Class: Whistle While You Work
Written on 2 Jun, 2012 at 11:27
There's no reason to wait another day to begin building your Whislteblowing Futures Empire. It requires the smallest if investments, and the leverage involved can turn out to be off the charts... I mean, we're talking tens of thousands... (Continue reading)
OBLABLA or MITTENS for President in 2012? Here’s how I’m going to choose…
Written on 31 May, 2012 at 6:27
"While Paulson didn’t want to write down mortgages, the single biggest factor in determining whether the American middle class has any stored wealth, Paulson was willing to do so in response to pressure. Barack Obama... (Continue reading)
A New Low for the California State Bar – HOMEOWNER & LAWYER ALERT!
Written on 29 May, 2012 at 15:24
Homeowners should take great care when hiring a lawyer for any reason. And I HATE it when anyone gets ripped off for anything, especially when their home is on the line. But this article is a blatant attempt... (Continue reading)
Follow the Bouncing Home Price Statistics
Written on 22 May, 2012 at 5:09
So, demand is rising while prices are falling… fascinating. Perhaps it’s because of a combination of factors, such as incredibly tight credit markets, an ongoing avalanche of foreclosures coming onto the market, a worsening jobs market, higher unemployment, and... (Continue reading)
Arizona Foreclosure News – More like a motivational pep talk for Realtors
Written on 19 May, 2012 at 8:39
RealtyTrac is so entirely full of horsey do-do that the entire organization should be lined up against a wall and shot a dawn for pedaling garbage statistics in a state still being decimated by the foreclosure crisis.... (Continue reading)
Foreclosure crisis now includes Irresponsible Churches
Written on 18 May, 2012 at 7:09
Praise the Lord, and please pass the foreclosures, right? We need to get through the foreclosures… clear the market… let it hit bottom… isn’t that what Mitt Romney, Rick Santelli, House Republicans, quite a few Democrats too... and a... (Continue reading)
Wells Fargo gives $22,000 to Suicide Hotline A gift the bank can use too.
Written on 16 May, 2012 at 13:01
Wells Fargo “stepped up” with a $22,000 “gift.” Is that how that should ideally be phrased? I suppose it’s fine. But, having spent the last few days writing and talking about Norm Rousseau, who took his own... (Continue reading)
A Letter to Brian Stevens at TBWS: We Need More Houses?
Written on 15 May, 2012 at 8:18
Just to make sure I understand what you said there… the problem is that there aren't enough homes for people to buy? We're having a shortage of houses for sale, are we? Wow… you know, I was sleeping... (Continue reading)
Husband’s Suicide Yesterday, Wells Fargo to Evict Wife Tomorrow Anyway
Written on 14 May, 2012 at 14:03
You’re a liar, Wells Fargo. Either you knew you weren’t going to approve their loan modification, or you’re the most incompetent financial institution in the history of the world. And you don’t just do this sometimes, you do... (Continue reading)
UTAH Foreclosure Help from Mandelman Matters START HERE
Written on 12 May, 2012 at 0:17
I decided that I had to do more to help stop homeowners from getting ripped off, by providing the state specific information homeowners need to make the right decisions for their individual goals and circumstances. Moving forward on the... (Continue reading)
California Homeowner in Foreclosure Wins Quiet Title Its a Free House!
Written on 7 May, 2012 at 7:11
For one thing, filing quiet title did work out well for Denise Saluto, and since I would never have predicted it happening in her case, I’m certainly not going to tell you it won’t happen again in yours, because as... (Continue reading)
Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works
Written on 7 May, 2012 at 6:25
Iceland’s mortgage write-down program happened as a result of thousands of its citizens taking to the streets demanding that something be done about the debts the people had incurred buying homes during the bubble at what turned out to be... (Continue reading)
We know theyre not evil, because theyre simply not smart enough to be evil.
Written on 23 Apr, 2012 at 14:06
The European bankers are no different than is the FHFA, which is led by Ed DeMarco, the guy stopping Fannie and Freddie from reducing principal balances of mortgages. He says he won’t do it because his job is to... (Continue reading)
Thinking Out Loud ber-Trendy Rich New Yorkers & Ethiopian Cuisine
Written on 22 Apr, 2012 at 9:34
Doesn’t it just figure that in this country, where we have so much food we that throw away inconceivable amounts on an hourly basis and literally pay farmers millions of dollars not to grow stuff… that we’d have trendy intellectuals... (Continue reading)
Introducing 30 MINUTES OF TALKING – A Mandelman Matters Podcast
Written on 20 Apr, 2012 at 19:46
This week's show focuses on the Obama Administration's handling of the foreclosure and housing crisis, by examining the statements made during the press conference the administration held to announce the settlement between the 49 state attorneys general and the five... (Continue reading)
Federal Judge Magner: Wells Fargo’s Behavior “Highly Reprehensible”
Written on 19 Apr, 2012 at 5:59
I can tell you that I receive more complaints about Wells Fargo refusing to approve loan modifications than any three other mortgage servicers combined. But then, Wells did modify one of the homeowners I wrote about a few months... (Continue reading)
Crimes of Hubris, Ineptitude & Folly: Geithner, Summers and Obama
Written on 18 Apr, 2012 at 11:15
Decisions made by Larry Summers have been disastrous for this nation… that much is abundantly clear. Tim Geithner’s been no peach either. Together their folly has cost our country incalculable amounts of money, but further, they have caused... (Continue reading)
Hawaii Court rules: No valid assignment means Deutsche has no standing to foreclose
Written on 5 Apr, 2012 at 21:59
Tweet Last week, Hawaii homeowners at risk of foreclosure had reason to be pleased. Not ecstatic… not jubilant… and certainly not electrified, as other bloggers have intimated might be appropriate. The decision is not cause for any of those emotions…... (Continue reading)
NY Appeals Court Dismisses Fraud Suit Brought by Investors Says Investors can take care of themselves.
Written on 4 Apr, 2012 at 4:57
Some are saying the case may set a precedent for the packagers of CDOs, making their only responsibility to disclose risks and conflicts of interest involved. A lawyer said to be “deeply involved” in the case, was quoted as... (Continue reading)
An Insider’s View of an Actual RMBS Securitization at Mandelman U.
Written on 2 Apr, 2012 at 8:15
What follows below are slides from an actual presentation of a Residential Mortgage-backed Securities - RMBS/REMIC deal... but NOT the slides from a "road show" presentation to potential investors... what you're about to see are slides from an INTERNAL meeting... (Continue reading)
GUEST POST: A Letter to President Obama, from James Deal, Attorney at Law
Written on 29 Mar, 2012 at 11:28
I write to identify a policy change that would add trillions of dollars of liquidity to the housing market overnight. It would stimulate home sales, stabilize home prices, and reduce the number of home foreclosures.... (Continue reading)
MUST SEE TV: WA State Supreme Court Hears Arguments in Case Against MERS
Written on 29 Mar, 2012 at 11:07
The video below puts you in the courtroom to watch as both sides of the debate present oral arguments related to MERS’ involvement in the foreclosure process in front of the nine justices of the Washington State Supreme Court.... (Continue reading)
If WE owned a pool of loans would WE allow principal reductions?
Written on 27 Mar, 2012 at 10:12
To really understand what happens when trying to determine the present and future value of a pool of loans within a mortgage-backed security, let’s put ourselves in the place of the investors… we’ll be investors together… and we’ll want to... (Continue reading)
Youve got to give it up for the Spaniards unless theyre bankers.
Written on 26 Mar, 2012 at 19:11
Clearly, today’s news from Spain shows that when it comes to protesting, Americans have lost some of our creativity and are simply not up for it as often as we once were. Frankly, many have expressed concern about... (Continue reading)
Ellen Brown, President of the Public Banking Institute, Has a Plan – A Mandelman Matters Podcast
Written on 24 Mar, 2012 at 14:39
If you're not already familiar with Ellen Brown, then I might as well just go ahead and say: "Your welcome," because I can't imagine anyone not liking this prolific blogger, author of 11 books, attorney, and President and Chairman of... (Continue reading)
Nothing Goes Down in a Straight Line
Written on 23 Mar, 2012 at 13:23
But, the structural problems we face have NOT changed, so I see no possibility that we aren't going to see some continued weakening in the housing market in the years ahead, and I don't care whether we're talking Phoenix, or... (Continue reading)
Max Gardner & Nye Lavalle Together in Concert – A Mandelman Matters Podcast
Written on 22 Mar, 2012 at 21:04
Having Nye Lavalle and Max Gardner together is a rare event. Together, they would have to be considered the founding fathers of today's foreclosure defense movement, so this is an opportunity to learn how it all began and where... (Continue reading)
GUEST POST: Good for the Banks, Good for the Borrowers by Law Professor, Lauren E. Willis
Written on 21 Mar, 2012 at 11:52
With so many Americans removed from the pool of potential buyers, those who own their homes with smaller mortgages or outright cannot sell their homes for decent prices, trapping them too in place and forcing some to delay retirement. The... (Continue reading)
Bringing Up the REAR Charles Gasparino, Fox Business Network
Written on 21 Mar, 2012 at 10:14
Also, I’m wondering something… when you say that, “foreclosures are a necessary ingredient to the housing market’s recovery,” how many do you figure we’re going to need in order to "recover?" ... (Continue reading)
Frank & Brian in Arizona for Spring Training: Think… Not, Work… Not.
Written on 21 Mar, 2012 at 7:42
Who knows... trying to pick the bottom has long since proven itself to be a fool's errand anyway, right? It certainly should have by now. My advice would be to buy on the way up. Missing the... (Continue reading)
Atty. Bruce Levitt of Kemp v. Countrywide – A Mandelman Matters Podcast
Written on 20 Mar, 2012 at 11:07
Join me and New Jersey bankruptcy and foreclosure defense attorney, Bruce Levitt as we talk about Kemp v. Countrywide, a much anticipated New Jersey Supreme Court from 2010 that really made it clear that there were some problems with the... (Continue reading)
Watch this! Ireland wants the same answers we do.
Written on 9 Mar, 2012 at 11:52
Ireland journalist won't give up. Why do our journalists fail to get started?... (Continue reading)
New Jersey Supreme Court’s Guillaume decision meaningless – Should foreclosure defense rethink its strategy?
Written on 1 Mar, 2012 at 11:02
Why is there no effort to hold the administration and member of Congress accountable for what has clearly been their failure related to the federal government’s loan modification initiative? Why are we accepting such utter failure and holding them... (Continue reading)
Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing
Written on 29 Feb, 2012 at 8:16
Actually, I don’t even know if she can pull off that angry black woman thing, but that’s exactly what we need at a time like this. You think Weezy Jefferson would be putting up with some nerdy pasty white... (Continue reading)
Economy Recovering? No, it’s not. Housing? NO. Unemployment? NO. Stock Market? NO.
Written on 27 Feb, 2012 at 15:18
So… housing is not, not, not at bottom, – check. Unemployment not improving – check. And does the stock market at 13,000 mean something to the economy? Nothing good – check.You might want to bookmark this page, so... (Continue reading)
Bank sues itself, wins, and then forces itself into bankruptcy to satisfy judgment
Written on 27 Feb, 2012 at 13:54
So, why did I write this? Because it makes just as much sense as everything else that’s going on in this country, and at least it made me smile. ... (Continue reading)
Best Picture Nominees Meet the Foreclosure Crisis at the 84th Annual Academy Awards
Written on 26 Feb, 2012 at 22:02
The foreclosure crisis is seeping into our society everywhere. Or, at least it soon will be... ... (Continue reading)
America Needs Buddy for President in 2012!
Written on 26 Feb, 2012 at 8:12
If one million people give $70 each, that’s more than any of the GOP candidates has raised. He needs to get 15% in a national poll to get on the stage during the presidential debates so he can challenge... (Continue reading)
Insider Says Wells Fargos Independent Foreclosure Review for OCC is a Sham
Written on 24 Feb, 2012 at 0:11
What follows is a podcast featuring the "whistle blower"... the anonymous independent file reviewer working for Promontory on the Wells Fargo Bank account that reached out to us because he was fed up. I verified his identity and spoke... (Continue reading)
Wells Fargo Bank and Patricia Martin Part 2 A Bank that Cannot Be Trusted
Written on 22 Feb, 2012 at 1:17
The bottom-line is, as anyone should be able to clearly see… Patricia Martin should NOT have lost her home and Wells Fargo SHOULD help her get it back with a modified payment so she can continue to live in the... (Continue reading)
It’s Gretchen Morgenson from The New York Times – A Mandelman Matters Podcast
Written on 21 Feb, 2012 at 7:47
Lately, Gretchen has been really going strong on foreclosure-related topics... the fraudulent document scandal, the Fannie report, DocX, the AG settlement, so I thought now would be a good time to have her on a Mandelman Matters Podcast.... (Continue reading)
Stuff Ex-Homeowners Can Buy for $2,000
Written on 14 Feb, 2012 at 7:28
The monetary terms aspect of the mortgage settlement agreement is completely worthless to everyone. Three billion to provide refinancing for underwater mortgages? If that was executed perfectly, it MIGHT refinance 15,000 homes nationwide. Why even bother doing... (Continue reading)
The Good, the Bad and the Ugly in the Mortgage Settlement
Written on 12 Feb, 2012 at 17:37
The settlement agreement is supposed to help one million households by reducing their loan balance reduced. There’s no way is there enough money in this settlement to do all that much for anyone. But Obama has said it’s... (Continue reading)
The Top Twelve Reasons Why You Should Hate the Mortgage Settlement – Yves Smith
Written on 9 Feb, 2012 at 12:09
Here's the deal... I wrote a year ago when the whole AG/banker political circus started that I was not going to follow it, not going to write about it, and certainly not care about it. It was a colossal... (Continue reading)
Foreclosing on Oscar Mandelman’s List of Best Picture nominees
Written on 9 Feb, 2012 at 9:16
I haven’t actually seen any of them, but I’ve gone ahead and described them, so you can see the candidates through my somewhat jaded perspective… and my list is likely a little different than the others you’ll run across… I... (Continue reading)
IT’S UNANIMOUS! AZ’s SB 1451 Passes Senate Banking Committee
Written on 7 Feb, 2012 at 21:09
Arizona's hundreds of thousands of hopelessly underwater homeowners are having the best day they've had since the "days of equity" back in 2006. The bill not only passed, but it passed unanimously... '6' Ayes to '0' Nays. ... (Continue reading)
OneWest Bank DOES IT for Lisa in Massachusetts! (DOERS ROCK!)
Written on 7 Feb, 2012 at 15:44
Plus, in Massachusetts, do you know how they do it? They auction the home off right on the soon to be ex-homeowner's front lawn, for all to see. I'll tell you what... that is some 17th century nonsense... (Continue reading)
MM EXCLUSIVE: AZ Bill Writes Down Underwater Loans for Homeowners – A Mandelman Matters Podcast
Written on 5 Feb, 2012 at 20:23
"In Arizona we don't ignore problems, nor do we pretend they aren't there," Sen. Reagan explains. "Obviously, the federal programs aren't going to address our state's needs, and that's fine. We're perfectly capable of doing what's best for... (Continue reading)
Foreclosure Politics Here and Across the Pond – Professor David Coates on a Mandelman Matters Podcast
Written on 3 Feb, 2012 at 19:06
This Mandelman Matters Podcast with Professor David Coates is not the same thing you've heard before, as he covers the foreclosure crisis both here in the U.S and in the UK. He also talks about the global financial crisis... (Continue reading)
Thank You Wells Fargo… Signed the DOERS of Mandelman & Field
Written on 31 Jan, 2012 at 19:28
Ooops, you did it again! Yes, it's true... Wells Fargo contacted Tom and Jeneane up in Granite Bay, California mid-day today to let them know that their SALE DATE of February 3, 2012 HAS BEEN POSTPONED. ... (Continue reading)
Freddie Macs Crimes Against Homeowners are NOT an Isolated Incident
Written on 30 Jan, 2012 at 18:35
ProPublica is reporting that Freddie Mac has been placing “multi-billion dollar bets designed to only pay off when homeowners remain “trapped” in high interest rate loans, and that the government-owned mortgage monster began increasing such bets late in 2010, which... (Continue reading)
Our DOERS DID IT Again… One West Bank Stops Sale in East!
Written on 30 Jan, 2012 at 15:37
DOERS... you did it again. That's 7 out of 7 DOERS... we really are DOING it and making a real and very meaningful difference not only for the homeowners whose homes we've saved by helping them get sustainable loan... (Continue reading)
Credit Suisse Tells Bloomberg: Mortgage Principal Cuts Dont Help Homeowners?
Written on 22 Jan, 2012 at 18:53
Reducing mortgage balances is a risky idea that hasn’t been shown to keep borrowers who owe more than their property’s worth in their homes, according to Credit Suisse Group AG. (CSGN). Suspending accounting rules is a risky idea that hasn’t been... (Continue reading)
MY DOERS DID IT AGAIN! But it’s not over yet. (And Holly Says Thank You!)
Written on 31 Dec, 2011 at 19:50
I don't usually do this, but with Holly's permission, I've posted the three emails I received from her today. I get a lot of very flattering emails from homeowners across the country, and I appreciate them all very much...... (Continue reading)
ALJAZEERA… The year’s top story is not getting coverage…
Written on 29 Dec, 2011 at 19:51
ALJAZEERA: "If you want to find out about this story of the year and years past, in all of its disgusting detail, you can't just trust major media. You have to read Matt Taibbi in Rolling Stone, a music magazine,... (Continue reading)
GUEST POST: Bob Cratchit Speaks Out on Christmas Foreclosure Freezes, Rated PG-13
Written on 26 Dec, 2011 at 18:48
Every year I take a whole week off at Christmastime. Of course, it wasn’t always that way. When I started working for my Uncle Scrooge years ago, he never would have allowed that. In fact, back then,... (Continue reading)
‘Twas the Night Before Christmas – 2011
Written on 21 Dec, 2011 at 9:15
And, since it is the holidays, it's also time for my annual year-in-review-in-rhyme, read to the famous holiday poem, 'Twas the Night Before Christmas. I started writing my 'Twas the Night year-in-review in 2007, or at least that's the year... (Continue reading)
Mandelman on The News Dissector Radio Show with Danny Schechter
Written on 20 Dec, 2011 at 20:11
I was a guest on the News Dissector radio show with Danny Schechter out of NYC. And I was joined by one of the Occupy Wall Street organizers and Capt. (Ret.) Ray Lewis. Check it out... given the... (Continue reading)
Foreclosure Fraud North by Northwest with Attorney Shawn Newman, A Mandelman Matters Podcast
Written on 20 Dec, 2011 at 14:40
A Mandelman Matters Podcast - Washington State attorney, Shawn Newman is fighting to protect the rights of homeowners. His legal theories and experiences in court related to Fannie and Freddie "owned" loans are interesting, to say the least, and... (Continue reading)
DeMarco of the FHFA… Like when the baby gets a hold of a hammer.
Written on 1 Dec, 2011 at 13:37
So, I’m bringing all of this up because Mr. Edward DeMarco, who is just the "acting" director of the independent federal agency that placed both Fannie Mae and Freddie Mac into conservatorship in the fall of 2008, has actually become... (Continue reading)
Mandelman’s Monthly Museletter – Version 16.0
Written on 30 Nov, 2011 at 17:15
In this edition you'll find: 1. Robo-signing KILLS... 2. OCC proposes credit rating duties go to banks - A real conversation with a banker-friend of mine. 3. PMI Files Bankruptcy - Regulators step in and take over yet another mortgage... (Continue reading)
Bringing UP the Rear Neil Lipschutz, Managing Editor, Dow Jones Newswire
Written on 28 Nov, 2011 at 10:54
Obviously, either Neal has the cognitive abilities of a fruit loop soaked in milk, or he’s just disturbed. What do you suppose he thinks “spread” to Europe and its banks? I mean, I don’t think loans can spread…... (Continue reading)
Unmistakably April Charney – A Mandelman Matters Podcast
Written on 24 Nov, 2011 at 20:00
So, whether you're a homeowner fighting to keep your home... or a lawyer who represents homeowners in foreclosure, here's an opportunity to hear what April has to say about where we've been, where we are today, and where she thinks... (Continue reading)
Home sales contracts are falling apart 2X as fast as last year
Written on 23 Nov, 2011 at 18:32
Why? Well, according to the Realtors, it’s credit scores and appraisals coming in too low. Well shave my head and call me Baldy… what do you know about that? I certainly do declare, how can such a... (Continue reading)
I, Robosigner A three act play about affidavit fraud in AG Mastos Nevada
Written on 18 Nov, 2011 at 17:52
… Faster than a NINJA loan originating at Wamu… More powerful than an unlimited warehouse line at Lehman Bros… able to see swaps and synthetics even when inside an SPE… Look, up in the sky… It’s a bird… It’s a... (Continue reading)
Professor Learns the Hard Way About Loan Modifications at Bank of America
Written on 15 Nov, 2011 at 22:38
MEMO TO BANK OF AMERICA… Why do you do these things to me? I was just sitting here minding my own business, perfectly content to write about Chase or Wells or anything else for that matter… but no, you... (Continue reading)
We’re Going to Need a Bigger Horse… Portland police back down, rather than engage Occupy Portland protesters
Written on 15 Nov, 2011 at 9:57
We need, as perhaps the late, great Steve Jobs might have said... to think differently, to fight differently. We need to scare them by making them realize that we are their source of power and just as we bestow... (Continue reading)
Our future hinges on just ONE thing…
Written on 14 Nov, 2011 at 12:06
You know the stereotype… we all do… reckless and greedy people who bought homes they could never hope to afford by signing their names on nothing down, 80/20 “liar loans” with negative amortization and teaser rates of 1%. And... (Continue reading)
Consumer Spending Up? Come on get happy…
Written on 9 Nov, 2011 at 8:31
The bottom-line… much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)
OCCs Independent Foreclosure Review for Homeowners is Ready But, so are the Scammers
Written on 4 Nov, 2011 at 3:42
The bottom-line is that this does appear to be a chance for people who were treated unfairly as part of the foreclosure process (and Lord knows there are plenty who fall into that category) to get a shot at some... (Continue reading)
