Posts Tagged ‘great depression’

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)

Neil Barofsky and American Banker Finally Catch Up to Mandelman Matters

Written on 15 Dec, 2011 at 19:54

No one helps those who don't help themselves. We need to be WE... and now. Because as long as the country believes that irresponsible borrowers are the problem, nothing will change for borrowers... not enough lawyers will join... (Continue reading)

Tagged with: bailouts bank of america banking lobby citibank Confidence Men double dip economic recovery economy elizabeth warren Fannie Mae FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs great depression HAMP irresponsible borrowers jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman matters martin andelman Neil Barofsky recession rick santelli ron suskind TARP Treasury Secretary Tim Geithner trial modifications Troubled Asset Relief Program unemployment wall street bankers wells fargo bank

Optimism Lost, and by Optimism, I mean Ben Bernanke and the NYT

Written on 19 Oct, 2011 at 8:54

I think the nice folks at the New York Times have been spending too much time at Zabars? Because I'm pretty sure it's not a confidence deficiency... I think it's money we're missing... as in income, and the lack... (Continue reading)

Tagged with: bailouts bank of america banking lobby ben bernanke depression diana olick double dip economic recovery economy elizabeth warren Fannie Mae FDIC Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures gloom grips consumers Goldman Sachs great depression great recession HAMP housing crisis Indymac bank jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode NACA obama administration one west bank president obama recession REST Report the new york times Treasury Secretary Tim Geithner unemployment wall street bankers wells fargo bank zabars

Hey Everybody… It’s “Pretend You’re Surprised About the Economy Day!”

Written on 1 Jun, 2011 at 9:51

Falling Home Prices, the Next Financial Crisis is Near, Defaulters Aren't Deadbeats After All, the Economy with Gwen Ifill and MERS has No Clothes.... (Continue reading)

Tagged with: bailouts bank of america banking lobby bloomberg Case-Shiller citibank derivatives diana olick double dip economic recovery economy Fannie Mae FDIC financial crisis foreclosure crisis foreclosures Foreign Correspondentsâ€™ Club of Japan Freddie Mac Goldman Sachs great depression gwen ifill HAMP home price index housing market Indymac bank jpmorgan chase loan modifications Making Home Affordable Plan mandelman mandelman matters Mark Mobius Mark Zandi martin andelman ml-implode Moody's Analytics mortgage crisis mortgage refinancing mortgage servicers NACA obama administration one west bank president obama realtytrac REST Report Rick Sharga S&P Standard & Poors TARP Templeton Asset Management TransUnionâ€™s latest study Treasury Secretary Tim Geithner trial modifications wall street bankers wells fargo bank

U.S. Breaks Housing Price Decline Record Set During Great Depression

Written on 14 Jan, 2011 at 20:36

According to RealtyTrac, 1,050,500 homes we repossessed by banks last year.So, for those that think foreclosures are somehow a good thing, I guess congratulations are in order. For those not afflicted by such diminished cognitive abilities, I can only... (Continue reading)

Tagged with: 2010 foreclosures bloomberg Case-Shiller diana olick foreclosure crisis foreclosure filings great depression HAMP housing price decline loan modification mandelman matters martin andelman NACA NPV formula obama administration one million homes repossessed realtytrac zillow

I Have Several Questions for Mortgage and Real Estate Experts…

Written on 5 Jan, 2011 at 19:35

There is no "market," right? We really don't know how low prices have already gone down to, because if the foreclosures were on the market or if banks were actually kicking all the people out that haven't made payments... (Continue reading)

Greenspan Says Housing is Nowhere Near Bottom

Written on 26 Jul, 2010 at 22:13

It's amazing how different it is when you're the Chairman of the Federal Reserve, as opposed to being the retired Chairman of the Federal Reserve. ... (Continue reading)

MANDELMAN’S MONTHLY MUSELETTER – VERSION 8.0

Written on 30 Jun, 2010 at 9:05

This month in Mandelman's Monthly Museletter: 1. Oregon Woman Accuses Vice President Al Gore of Sexual Misconduct in 2006. 2. Fear Deflation, Pray for Inflation. 3. The latest from Nobel Prize Winning Economist, Paul Krugman. 4. HAMP's UP Program... (Continue reading)

Tagged with: bank of america banking crisis bloomberg BMO Capital Markets budget deficit cash for clunkers commerce department consumer price index core rate of inflation CPI Deflation economic stimulus european hotels evaluating borrowers Fed Chairman Ben Bernanke foreclosure crisis france gerald ford great depression HAMP Home Affordable Unemployment Program howard hughes Indymac bank IndyMac Mortgage Servicers/OneWest Bank inflation investing JFK john wayne jpmorgan chase Labor Department loan modifications london stories Making Home Affordable Supplemental Directive Michael Silversteinâ€™s Ode to Deflation national debt new homes sales paul krugman richard nixon Ronald Reagan the UP program trial period plans U.S. debt unemployment UP UP forbearance plan Vice President Al Gore wall street wells fargo bank

Banks Lobbying, Financial Reforms & Who’s Recovering?

Written on 16 May, 2010 at 18:07

Like the flying monkeys from the Wizard of Oz, they've been summoned by the bankers to our nation's capital; flying in from around the country until they hit the steps of the U.S. Capital building... when they're transformed into lobbyists... (Continue reading)