Friday 31st January
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Hartford Beats Out Newark for Most Underwater Mortgages… What to Do, What to Do?
Written on 3 Jun, 2014 at 19:20
However, as it turns out, Newark's housing market isn't in the worst shape of any U.S. city. To visit the city with that distinction, you need to head north from Newark about 125 miles... and when you get to... (Continue reading)
What Loan Modifications Have to Do with Leaving Money on the Table and Knowing the Value of a Dollar
Written on 19 May, 2014 at 0:36
We need programs that stop foreclosures and provide reasonable resolutions for borrowers faster than one at a time. I don't want to see another optimistic forecast, like the ones I've been shown every single year since the crisis began,... (Continue reading)
A Visit to the Front Lines: Richmond, California, Eminent Domain & Mortgage Resolution Partners
Written on 11 May, 2014 at 14:46
So, I went to visit Richmond, California, so I could see what the town looked like, and to sit and talk face to face with the CEO of Mortgage Resolution Partners. Join me below and I'll take you on... (Continue reading)
Eminent Domain to Solve the Housing Crisis – PART 2 with Prof. Robert Hockett
Written on 11 Feb, 2014 at 11:37
Eminent domain is not only being considered as a solution to the housing crisis by Richmond, California... there are now some TWO DOZEN CITIES across the country considering the plan authored by Professor Robert Hockett of Cornell University Law School.... (Continue reading)
Prof Robert Hockett: Need Eminent Domain to Break Securitization Suicide Pact Killing Recovery ““ A Mandelman Matters Podcast
Written on 26 Jan, 2014 at 12:45
Eminent domain to answer the problems with underwater mortgages? Well, the lines have been drawn... the battle appears eminent... pun intended. But Professor Hockett, the man behind the eminent domain plan, says it's not going to get tied... (Continue reading)
Our Housing Market’s Recovery is Eminent… Get It?
Written on 10 Jan, 2014 at 11:43
Despite some very nasty threats of retaliation from Wall Street and Washington, something like two dozen new cities are now reportedly joining the efforts to potentially head off home foreclosures by using eminent domain to seize mortgages and write them... (Continue reading)
We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People
Written on 5 Dec, 2013 at 8:59
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)
Interest Rates Play Havoc with Banks, Bonds and Borrowers
Written on 1 Aug, 2013 at 8:50
Long-term interest rates rising means different things to different people, but none of it's good. Higher long-term rates makes it much more expensive for state and local governments to borrow money, and you can probably guess how that would... (Continue reading)
End of Credit Markets to Beginning of Bailouts with D.C. Insider, David Min – A Mandelman Matters Podcast
Written on 18 Feb, 2013 at 9:29
David takes us through concise and easy to understand explanations of most of the major events since the meltdown began on July 10, 2007... the day the credit markets went into a deep freeze that continues to this day. ... (Continue reading)
California’s Lt. Governor Gavin Newsom on Eminent Domain – A Politician with True Grit
Written on 1 Aug, 2012 at 7:51
According to a story in Mortgage News Daily, California's Lt. Governor Gavin Newsom took a couple of shots at a Washington D.C. trade group called the Securities Industry and Financial Markets Association ("SIFMA") in response to their threatening San Bernardino... (Continue reading)
Attention Mortgage Servicers… Heed these words now, because it’s much later than you think.
Written on 13 Jul, 2012 at 9:31
The biggest change that servicers are feeling is the one that can't be seen or even written down. I imagine it's similar to how homeowners felt when they discovered that their government didn't give a Fudgsicle® whether they lost... (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)
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)
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)