Wednesday 4th December
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For HECM Professionals… An Invitation to Attend a Day of HECM Power Training.
Written on 15 Apr, 2018 at 16:42
Make the investment in your career that will make that career much more productive, profitable and satisfying. Learn to implement real strategies and tactics that are being used successfully every day with trusted advisors and homeowners in the field.... (Continue reading)
The HECM Mortgage is Controversial? Well, it shouldn’t be.
Written on 19 Feb, 2018 at 22:51
Everyone approaching or in retirement should know about the HECM program and how it might impact their retirement years. There's absolutely nothing wrong with today's HECM mortgages... no matter what you've heard in the past.... (Continue reading)
Thank You Specialized Loan Servicing (SLS) for Helping Mrs. Presterl Keep Her Home
Written on 1 Sep, 2016 at 0:54
Specialized Loan Servicing (SLS) has agreed to provide Mrs. Presterl with a loan modification so she will not lose her home after all!... (Continue reading)
REALITY CHECK: “Reverse Mortgage Realities” According to The New York Times
Written on 29 Nov, 2014 at 8:46
The latest example of bad information on reverse mortgages is by Lisa Prevost, The New York Times, who promises to present "realities of reverse mortgages." And then doesn't.... (Continue reading)
CNBC’s Diana Olick makes sure no one understands reverse mortgages, I make sure they do.
Written on 12 May, 2014 at 6:52
I'm constantly amazed at the negative press and misconceptions surrounding reverse mortgages, because the bottom-line is they are an absolutely wonderful product that almost everyone over 62 years old should have, and yet in a year of talking to seniors... (Continue reading)
Illinois Attorney Saves Homes from Foreclosure Using Reverse Mortgages
Written on 25 Jun, 2013 at 21:08
Reverse mortgages are not going to be an available path for many homeowners facing foreclosure, but for those 62 and older... who have equity in their homes... they can offer an answer and benefits that no other path can provide...... (Continue reading)
$6 Billion in Reinsurance Kickbacks to the Banks – Un-reported, Un-Acted Upon & Un-believable
Written on 8 Sep, 2011 at 18:17
Citigroup Inc, Wells Fargo & Co, SunTrust Bank Inc. and Countrywide allegedly required reinsurance partnerships on generous terms that violated the Real Estate Settlement Procedures Act, a 1974 law prohibiting abusive home sales practices.... (Continue reading)
Dear Banking & Government People Who Are Reading This…
Written on 8 Jun, 2011 at 5:47
You guys all now know that this thing had about as much to do with sub-prime borrowers as World War II. Unless you can point out a sub-prime borrower who was selling synthetic CDOs in Iceland, I think we're... (Continue reading)
HUD Investigation Shows Banks Covered Up Widespread Illegal Acts – Government offers to bring them their check and validate their parking
Written on 19 May, 2011 at 2:01
According to Shahien's story in HuffPo, the secret investigations were initiated in response to last year's reports, which indicated that large lenders were improperly accelerating foreclosure proceedings... or, in other words... look who just figured out that robo-signing affidavits and... (Continue reading)
The Fed Releases: The Beige Book, December 1, 2010, Summary of Economic Conditions. And I don’t know what we’d do without them.
Written on 2 Dec, 2010 at 6:33
The Beige Book, as it's commonly known, is a report published eight times each year. Each of the 12 Federal Reserve Banks, which are located throughout the country, "gathers anecdotal information on current economic conditions in its District through reports... (Continue reading)
This country has changed. And it hasn’t. The power of the people remains intact.
Written on 3 Nov, 2010 at 5:21
Join me now for the stories of three such Americans. May their stories remind you of the power we all posses to serve our country and help it grow and prosper, so that our government of the people, by... (Continue reading)
Foreclosure Fraud: Tough Issues With Which to Grapple
Written on 30 Oct, 2010 at 20:37
Just in case any children are reading this, and one never knows about such things, forgery and perjury are never found on the right path to follow when attempting to cover up, flagrant and immeasurable fraud and massive malfeasance, boys... (Continue reading)
PROFILES IN BANKING: If Your Mortgage is With Wells Fargo, Watch Out … No Delays Ahead!
Written on 19 Sep, 2010 at 21:26
I don't know Wells Fargo... you do whatever you want, but it looks to me like you're losing friends in Congress and even in the White House. As are your pals, by the way. You can just go... (Continue reading)
INSIDE CHASE and the Perfect Foreclosure
Written on 11 Sep, 2010 at 7:44
"And we documented what went on with each file so that if the investor came in to audit the files, everything would be accurate in terms of what had transpired and in what time frame. It was all about... (Continue reading)
Treasury Designs New Federal Program to Help Stimulate Economy
Written on 7 Sep, 2010 at 22:31
Secretary Geithner explained the program to reporters while waiting for his dessert soufflé to rise. Those in attendance said that he told the group that the program would help homeowners and get the economy back on track by removing... (Continue reading)
15 Texas Homeowners Sue Bank of America for Abusive Practices – Don’t Mess With Texas
Written on 12 Jul, 2010 at 4:02
RESPA is a federal statute so I would think that this sort of thing could be happening all over the place... like in all 50 states. And it's also worth mentioning that what Bank of America is accused of... (Continue reading)
At the Bank of America Signpost Up Ahead, Your Next Stop – The Loan Modification Zone
Written on 9 Jun, 2010 at 10:10
A homeowner wrote to me the other day, and I could tell from her emails that she had been through the ringer trying to get a loan modification. I've heard from so many thousands of homeowners that I've gotten... (Continue reading)
ABA and More Than a Dozen State Bars Ask Congress for Lawyer Exemption on Loan Modification Rule
Written on 4 Jun, 2010 at 7:03
"A growing list of more than a dozen state bars and the ABA have asked for changes in congressional legislation aimed at protecting consumers from financial fraud because it contains language so broad that the everyday work of lawyers in... (Continue reading)
FHA-HAMP Helped 171 Homeowners Nationwide in April
Written on 22 May, 2010 at 18:31
The HUD Neighborhood Watch Website shows 171 FHA-HAMP modifications for the month of April 2010. What? Did they have to win a drawing?... (Continue reading)
Obama Asks for Help from Public to Reform Housing Finance System?
Written on 15 Apr, 2010 at 1:14
Do you suppose that next week he's going to ask if we have any thoughts on Afghanistan? Oh my God! I'm taking an Adivan. Who did he ask about health care reform? Oh my God! ... (Continue reading)
Journalists on Crack: Are Lawyers Turning to Crime in Tough Times?
Written on 25 Jan, 2010 at 6:35
Oh for Christ's sake Miller, don't you have anything better to do than to scare people out of hiring a lawyer when at risk of losing their home? Because that's all this kind of crap is accomplishing, don't you... (Continue reading)
Mandelman’s Monthly Museletter – ISSUE #2.0
Written on 5 Aug, 2009 at 18:39
HERE IT IS... Issue #2 of Mandelman's Monthly Museletter! INSIDE THIS MONTH'S ISSUE: Scammer Servicers, JPMChase Mods Begin at Home, The Servicers Pledge, Countrywide's Lying Again, Barney's Pissed, 1/10 in CA, Banker Bonuses, FTC's Hunt, Mod Performance, New... (Continue reading)
Excuse Me… Secretary Geithner? Secretary Donovan? With All Due Respect…
Written on 10 Jul, 2009 at 20:01
Is it just me? Am I really the only one who wants to push these clowns around the playground after school? Really? Come on... you kneel down behind them and I push them over... then we can... (Continue reading)
HUD Says Hope-4-Homeowners Modified ‘1’ Mortgage.
Written on 15 Apr, 2009 at 18:28
Yes, you read that right… just one very lonely mortgage. Only 399,999 more to reach their goal! Well, it’s been a long time coming in my opinion, but Brian Sullivan of Fox Business News has finally looked under the covers... (Continue reading)
Adding Insult to Injury – Homeowners Told to Walk Away From Loan Modifications
Written on 30 Mar, 2009 at 22:52
President Obama and the US Treasury have told the country "If you have to pay, walk away". So, in other words, now that the private sector has finally risen up to help solve a problem the government has failed... (Continue reading)