Wednesday 4th December
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The Foreclosure Crisis is Dead. Long Live the Foreclosure Crisis.
Written on 2 Aug, 2016 at 17:50
RealtyTrac's June foreclosure report puts the best possible face on the foreclosure crisis, instead of admitting that it's far from over... and that HAMP needs to be extended. ... (Continue reading)
Max Gardner’s Consumer Defense Academy: Latest in Loss Mitigation – March 19th, Portland
Written on 2 Mar, 2016 at 16:34
Learn the most up-to-date loss mitigation & legal strategies, based on new state & federal statutes that have dramatically changed the playing field.... (Continue reading)
Banks Kick Consumer’s Butts Once Again – SB 1275 Dies in the California Assembly
Written on 1 Sep, 2010 at 7:41
Even though the bill was supported by EVERYONE but the banking lobby, it was rejected 36-30 in the Assembly. Even after it was approved by the state Senate and three Assembly committees. This time... no... but thank you... (Continue reading)
House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?
Written on 6 Jul, 2010 at 11:06
Everything's going just fine. There are no real problems with HAMP or with the servicers who are implementing HAMP. Oh sure, there have been a few challenges, but most of them have been caused by the borrowers who... (Continue reading)
It’s Mandelman on The Real Estate Guys Radio Show!
Written on 30 May, 2010 at 21:56
It's Mandelman on The Real Estate Guys radio show! Yay! It's sort of like Click & Clack, those brothers that do the Car Talk show on NPR on weekends. You think it's going to be dull, but... (Continue reading)
What Others Have Written About the NPV Test You Need to Pass to Get a HAMP Loan Modification
Written on 16 May, 2010 at 6:17
Last week, which was about a week after he had sent his REST Report to his lender, he received a response from his servicer... and they were offering him a loan modification in line with one of the alternative strategies... (Continue reading)
HAMP’s New Enhancements are Stupid and I’m Getting Tired of Stupid
Written on 10 Apr, 2010 at 20:43
They did it again, damn it. The Harvard contingent that's packed in like sardines in this administration once again demonstrated that they have no idea what they're doing when it comes to the foreclosure crisis.... (Continue reading)
Obama Administration to Announce Expansion of HAMP – Principal Reductions and Help for Unemployed
Written on 25 Mar, 2010 at 20:33
On Friday, the White House is expected to announce an expansion of the president's Making Home Affordable loan modification program to include reducing the mortgage loan balances for some homeowners, and providing additional temporary assistance to unemployed homeowners. ... (Continue reading)
After One Year, Obama Plan to Help Modify Second Mortgages Modifies NONE… Nada, Ziperino!
Written on 25 Mar, 2010 at 6:17
The plan was announced last April. Treasury released guidelines in August. And five weeks ago, Bank of America, with three million seconds, signed up. Five weeks ago. Stop it... they've been busy.... (Continue reading)
Did I say HELP? I didn’t mean help. I meant OFFER to HELP. Or talk about helping. It depends on your definition of HELP.
Written on 24 Mar, 2010 at 23:53
When Obama introduced Making Home Affordable he claimed that the program would help 3-4 million homeowners, but as it turns out, the program has at best helped... and I use the term "helped" very loosely... about 170,000 homeowners to-date. ... (Continue reading)
JUDGING INDYMAC – New York Supreme Court Judge Finds IndyMac’s behavior “repugnant, shocking, repulsive and completely devoid of good faith”.
Written on 24 Nov, 2009 at 12:52
IndyMac/One West Bank... Mortifying abuse... completely devoid of good faith... harsh, repugnant, shocking and repulsive. Bravo, Judge Spinner... Bravo! When I read it for the first time, it literally brought tears to my eyes. ... (Continue reading)