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)
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)
On this Mandelman Matters Podcast, I ask Ed about the results of his extensive research into the FHA, which he refers to as the "new sub-prime," and "the next bailout." His extensive study of the FHA's data in terms... (Continue reading)
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)
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)
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)
For twelve years during and after the Savings & Loan crisis (1988-2000), I led the group of business analysts at PricewaterhouseCoopers that was responsible for monitoring Ginnie Mae's $600 billion portfolio of mortgage-backed securities. During that period, I learned... (Continue reading)
Obama has been pressuring FHFA to let Fannie Mae grant principal reduction... the President of the United States is pressuring them... Ohhh, is it like Guantanamo... or more like Canyon Ranch... pressure me some more, Barack... I like it when... (Continue reading)
Uh oh. Someone's gonna' be in big trouble... as in... Lucy, you got some "˜splainin' to do. Is it warm in here all of a sudden?... (Continue reading)