Wednesday 4th December
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Effectiveness of Government Plan to Create Foreclosures to Increase as Rates Rise
Written on 13 Mar, 2014 at 18:11
HAMP modifications are about to start seeing rates reset higher, and Treasury says more foreclosures will be the result. ... (Continue reading)
The Care Bair – FDIC’s Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements
Written on 12 May, 2011 at 6:22
I know... you think not modifying those loans is punishing the homeowners for getting in over their heads... but in realty, it's not punishing them... it's punishing you... you are running about, commenting on blogs, advocating the kicking of your... (Continue reading)
Homeowner tells Mandelman Matters of SCOVIS LAW GROUP, and I am DISGUSTED
Written on 7 Jun, 2010 at 10:03
Hey, McDevitt... you have no idea what you're talking about most of the time, do you. Expert? Published author? As seen on television? What were you on T.V. for... oh yeah... were you one of the... (Continue reading)
Why Can’t We Answer the Question About HAMP That Could Save Taxpayers Tens of Billions?
Written on 13 May, 2010 at 5:06
How about if we all write letters to our elected representatives demanding to know the answer to this question, because the answer has the very definite potential to save many billions in unnecessary taxpayer funded expenditures associated with the current... (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)
BREAKING NEWS: Amendment Allowing Judges to Modify Mortgages to be Included in H.R. 4173 – Wall Street Reform and Consumer Protection Act
Written on 8 Dec, 2009 at 4:01
We need judges to be able to write down mortgages on primary residences because the banks aren't doing it voluntarily, the administration's Making Home Affordable plan isn't working, and the result continues to be millions of foreclosures that are destroying... (Continue reading)
Making Home Affordable Program: Treasury Finally Admits IT’S A DUD!
Written on 6 Dec, 2009 at 8:27
As a nation, we don't want to modify mortgages for the benefit of those in foreclosure, we need to modify mortgages for the benefit of those not yet in foreclosure. Or in other words, don't modify my neighbor's mortgage... (Continue reading)
BREAKING NEWS: Latest U.S. Teaseury Dept. Study Shows 3.6 Billion Homeowners Have Been Offered Loan Modifications
Written on 13 Nov, 2009 at 4:21
Housing counselors and lending experts say that HAMP is having a meaningful impact on the global foreclosure rate, and Lucely Figures, a housing economist at Muddy's expects at least another 3 billion loan modifications next year. ... (Continue reading)
Giving Money Back, Not Profitable: Federal Reserve Study Proves
Written on 12 Apr, 2009 at 12:03
The Federal Reserve Bank of Boston released the results of its in-depth study on President Obama's plan to solve the foreclosure crisis, and the conclusions shocked politicians and bureaucrats alike from coast to coast. ... (Continue reading)