Posts Tagged ‘HAMP guidelines’

The Foreclosure Crisis is Dead.  Long Live the Foreclosure Crisis.

The Foreclosure Crisis is Dead.  Long Live the Foreclosure Crisis.

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

Max Gardner’s Consumer Defense Academy: Latest in Loss Mitigation - March 19th, Portland

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 Consumers Butts Once Again SB 1275 Dies in the California Assembly

Banks Kick Consumers Butts Once Again  SB 1275 Dies in the California Assembly

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?

House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?

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!

It's Mandelman on The Real Estate Guys Radio Show!

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

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)

HAMPs New Enhancements are Stupid and Im Getting Tired of Stupid

HAMPs New Enhancements are Stupid and Im Getting Tired of Stupid

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

Obama Administration to Announce Expansion of HAMP  Principal Reductions and Help for Unemployed

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!

After One Year, Obama Plan to Help Modify Second Mortgages Modifies NONE Nada, Ziperino!

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 didnt mean help. I meant OFFER to HELP. Or talk about helping. It depends on your definition of HELP.

Did I say HELP?  I didnt mean help.  I meant OFFER to HELP.  Or talk about helping.  It depends on your definition of HELP.

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 IndyMacs behavior repugnant, shocking, repulsive and completely devoid of good faith.

JUDGING INDYMAC  New York Supreme Court Judge Finds IndyMacs behavior repugnant, shocking, repulsive and completely devoid of good faith.

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)


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