Sunday 22nd December
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Now we care about how Steve Mnuchin at OneWest Bank handled foreclosures?
Written on 20 Jan, 2017 at 4:58
Trump's pick for Treasury Secretary is a good one. Yes, OneWest foreclosed more than it should have, but it also got better, becoming one of better servicers when modifying loans. ... (Continue reading)
Helping a Homeowner Succeed with Bank of America/SPS Loan Mod is Like Mardi Gras in June!
Written on 1 Jul, 2014 at 0:15
The homeowner below who wrote to me a couple of days ago to thank me for helping her get her Bank of America/SPS loan modified, is one of the homeowners that I hope I know forever. Because Margaret Saizan... (Continue reading)
We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People
Written on 5 Dec, 2013 at 8:59
This is not a tragedy that discriminates. The race diminished as a result of what is being allowed to transpire will be "human". ... (Continue reading)
SECURITIZATION: How our society changed when we learned to turn lead into gold.
Written on 30 Sep, 2013 at 13:07
Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don't need a source for that statistic. Water is wet, the sky is blue, and that's a fact. Hotel rooms never cost $600... (Continue reading)
One Bank Did Right by Homeowners & Shareholders – A Story You Haven’t Heard Before
Written on 17 May, 2013 at 17:40
There is one mortgage banker that did it right for their shareholders and borrowers. They didn't take TARP funds or any sort of tax-payer funded bailout... instead they took their losses, restructured the company, and protected their shareholders... ... (Continue reading)
View from Inside the Financial Crisis with Former Treasury Chief Economist Phillip Swagel – A Mandelman Matters Podcast
Written on 9 Jan, 2013 at 9:27
Here's your first chance to listen to Phillip Swagel on a Mandelman Matters Podcast... he'll be back again... but you don't want to miss this one because we won't be going backward in time, so click PLAY below and listen... (Continue reading)
We’re Addicted to Denying our Addiction to FHA’s Mortgage Crack
Written on 23 Nov, 2012 at 6:13
According to Moody's Analytics, FHA's actions prevented home prices from dropping an additional 25%, which in turn saved 3 million jobs and half a trillion dollars in economic output. But now FHA is broke. Now what?... (Continue reading)
The Trillion Dollar Mistake That Triggered the Economic Meltdown
Written on 17 Oct, 2012 at 9:45
What could Mr. Bernanke and others have done differently? Addressed the real cause of the crisis, the lost trust part... by announcing that the U.S. government would be stepping into the bond market and guaranteeing the investment grade bonds...... (Continue reading)
Katherine Porter to Make Sure Homeowners Get What Servicers Promised – A Mandelman Matters Podcast
Written on 4 Oct, 2012 at 9:27
Back in April of this year, they were granted 180 days to get their servicing operations ready to comply with the new standards, and as of yesterday, they'll be held to the 304 new rules for addressing the needs of... (Continue reading)
Understanding Elite Fraud and the Mortgage Meltdown with William K. Black – A MM Podcast
Written on 21 Jul, 2012 at 10:08
Why has no one at the top been investigated or prosecuted for fraud or anything else for that matter as related to the financial meltdown that has destroyed trillions of dollars in consumer wealth? Especially when William K. Black's... (Continue reading)
OCC Raises the Stakes to Lure Homeowners? Right?
Written on 25 Jun, 2012 at 17:30
Anyway, so that's the deal... $500 to $125,000... PLUS EQUITY! It makes it sound like the worst you can do, assuming you get past the qualifying round, is the $500, right? Five hundred's not bad, I suppose. ... (Continue reading)
Two Weeks in the Life of Mandelman Matters
Written on 25 Jun, 2012 at 6:45
It's hard to describe what I do when I say I help homeowners. I'm not a lawyer and I never offer anything close to legal advice. I'm not a mortgage expert either. I think my value is... (Continue reading)
Finally, Jamie Dimon and I Agree on Something
Written on 11 May, 2012 at 3:03
Oh, good Lord. We're still doing this sort of thing, huh? Some guy at JPMorgan Chase in London was gambling with credit default swaps, no one was watching, and next thing you know the bank was down $2... (Continue reading)
Former NACA Home Save Counselor Says Commissions Create Complaints
Written on 9 May, 2012 at 15:51
I'm not sure why, but meeting with a "Home Save Counselor" doesn't make me feel like I'll be talking with a commissioned salesperson who will be potentially making up to $1,000 on my loan modification case? A "Home Save... (Continue reading)
White Powder in Envelopes Mailed to Wells Fargo in NYC – Idiots happy it’s not toxic
Written on 1 May, 2012 at 10:21
AP reported that the powder in the envelopes caused evacuations at bank branches, but no injuries, as if that last part mattered in the least. Idiots appear to be happy that the powder was found to be cornstarch... as... (Continue reading)
Thinking Out Loud… Über-Trendy Rich New Yorkers & Ethiopian Cuisine
Written on 22 Apr, 2012 at 9:34
Doesn't it just figure that in this country, where we have so much food we that throw away inconceivable amounts on an hourly basis and literally pay farmers millions of dollars not to grow stuff... that we'd have trendy intellectuals... (Continue reading)
Crimes of Hubris, Ineptitude & Folly: Geithner, Summers and Obama
Written on 18 Apr, 2012 at 11:15
Decisions made by Larry Summers have been disastrous for this nation... that much is abundantly clear. Tim Geithner's been no peach either. Together their folly has cost our country incalculable amounts of money, but further, they have caused... (Continue reading)
Phoenix Officers Who Shot Homeowner Needed Better Training
Written on 18 Apr, 2012 at 3:15
First of all, I realize that I wasn't there. And I understand that the guy had a beer in one hand and a gun in the other. But he was obviously thinking pretty clearly... after all, a couple... (Continue reading)
Hawaii Court rules: No valid assignment means Deutsche has no standing to foreclose
Written on 5 Apr, 2012 at 21:59
Last week, Hawaii homeowners at risk of foreclosure had reason to be pleased. Not ecstatic… not jubilant… and certainly not electrified, as other bloggers have intimated might be appropriate. The decision is not cause for any of those emotions… there’s... (Continue reading)
NY Appeals Court Dismisses Fraud Suit Brought by Investors – Says Investors can take care of themselves.
Written on 4 Apr, 2012 at 4:57
Some are saying the case may set a precedent for the packagers of CDOs, making their only responsibility to disclose risks and conflicts of interest involved. A lawyer said to be "deeply involved" in the case, was quoted as... (Continue reading)
If WE owned a pool of loans… would WE allow principal reductions?
Written on 27 Mar, 2012 at 10:12
To really understand what happens when trying to determine the present and future value of a pool of loans within a mortgage-backed security, let's put ourselves in the place of the investors... we'll be investors together... and we'll want to... (Continue reading)
You’ve got to give it up for the Spaniards… unless they’re bankers.
Written on 26 Mar, 2012 at 19:11
Clearly, today's news from Spain shows that when it comes to protesting, Americans have lost some of our creativity and are simply not up for it as often as we once were. Frankly, many have expressed concern about... (Continue reading)
Ellen Brown, President of the Public Banking Institute, Has a Plan – A Mandelman Matters Podcast
Written on 24 Mar, 2012 at 14:39
If you're not already familiar with Ellen Brown, then I might as well just go ahead and say: "Your welcome," because I can't imagine anyone not liking this prolific blogger, author of 11 books, attorney, and President and Chairman of... (Continue reading)
Max Gardner & Nye Lavalle Together in Concert – A Mandelman Matters Podcast
Written on 22 Mar, 2012 at 21:04
Having Nye Lavalle and Max Gardner together is a rare event. Together, they would have to be considered the founding fathers of today's foreclosure defense movement, so this is an opportunity to learn how it all began and where... (Continue reading)
Bringing Up the REAR – Charles Gasparino, Fox Business Network
Written on 21 Mar, 2012 at 10:14
Also, I'm wondering something... when you say that, "foreclosures are a necessary ingredient to the housing market's recovery," how many do you figure we're going to need in order to "recover?" ... (Continue reading)
Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing
Written on 29 Feb, 2012 at 8:16
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)
Mandelman on “Saving the California Dream” on Fox 11 News KTTV Los Angeles
Written on 29 Feb, 2012 at 4:13
Heidi Cuda, a producer from Fox 11 News in Los Angeles produced a week long series on the foreclosure crisis for the Channel 11 news and asked to interview me. I didn't like Part 1, but Part 2 was... (Continue reading)
Insider Says Wells Fargo’s Independent Foreclosure Review for OCC is “a Sham”
Written on 24 Feb, 2012 at 0:11
What follows is a podcast featuring the "whistle blower"... the anonymous independent file reviewer working for Promontory on the Wells Fargo Bank account that reached out to us because he was fed up. I verified his identity and spoke... (Continue reading)
Foreclosing on Oscar… Mandelman’s List of Best Picture nominees
Written on 9 Feb, 2012 at 9:16
I haven't actually seen any of them, but I've gone ahead and described them, so you can see the candidates through my somewhat jaded perspective... and my list is likely a little different than the others you'll run across... I... (Continue reading)
OneWest Bank DOES IT for Lisa in Massachusetts! (DOERS ROCK!)
Written on 7 Feb, 2012 at 15:44
Plus, in Massachusetts, do you know how they do it? They auction the home off right on the soon to be ex-homeowner's front lawn, for all to see. I'll tell you what... that is some 17th century nonsense... (Continue reading)
Foreclosure Politics Here and Across the Pond – Professor David Coates on a Mandelman Matters Podcast
Written on 3 Feb, 2012 at 19:06
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)
Thank You Wells Fargo… Signed the DOERS of Mandelman & Field
Written on 31 Jan, 2012 at 19:28
Ooops, you did it again! Yes, it's true... Wells Fargo contacted Tom and Jeneane up in Granite Bay, California mid-day today to let them know that their SALE DATE of February 3, 2012 HAS BEEN POSTPONED. ... (Continue reading)
Freddie Mac’s Crimes Against Homeowners are NOT an Isolated Incident
Written on 30 Jan, 2012 at 18:35
ProPublica is reporting that Freddie Mac has been placing "multi-billion dollar bets designed to only pay off when homeowners remain "trapped" in high interest rate loans, and that the government-owned mortgage monster began increasing such bets late in 2010, which... (Continue reading)
Our DOERS DID IT Again… One West Bank Stops Sale in East!
Written on 30 Jan, 2012 at 15:37
DOERS... you did it again. That's 7 out of 7 DOERS... we really are DOING it and making a real and very meaningful difference not only for the homeowners whose homes we've saved by helping them get sustainable loan... (Continue reading)
DOER ALERT: OneWest Bank Needs to STOP a Foreclosure Sale Monday Because It’s WRONG
Written on 29 Jan, 2012 at 20:31
In just two days from now, on Monday, January 30, 2012, at 3:00 PM... a terrible, tragic and yet easily avoidable event is scheduled to occur... and MUST BE STOPPED. OneWest Bank is scheduled to conduct a foreclosure auction... (Continue reading)
Look, this just isn’t that hard… The Solutions to Pressing Problems.
Written on 24 Jan, 2012 at 12:28
If Mickey Mouse is going to sign it, and Donald Duck is going to notarize it... THEN DON'T SIGN IT... because we don't need it signed. BUT... if we DO need it signed, then don't forge it and file... (Continue reading)
DOER ALERT: Dear Bank of America…
Written on 23 Jan, 2012 at 20:03
The man's wife passed away in 2006. They were married for 53 years. Your bank explained that a request for postponement went in on the 23rd of December 2011 on a loan which Bank of America agreed to... (Continue reading)
Calling All Lawyers to 5,000,000 Crime Scenes
Written on 20 Jan, 2012 at 10:21
Consider this... bankers say that they've been overwhelmed by the millions of homeowners unexpectedly seeking loan modifications and that's why applying for a loan modification has been such a nightmare. But, what about the number of foreclosures occurring in... (Continue reading)
The Quiet Man… Utah Attorney Walter Keane – A Mandelman Matters Podcast
Written on 13 Jan, 2012 at 16:01
Utah Attorney Walter Keene is the lawyer that filed four quiet title claims last year, which means he was seeking to obtain a court order granting clear title to the properties in question. And all four were granted by... (Continue reading)
MY DOERS DID IT AGAIN! But it’s not over yet. (And Holly Says Thank You!)
Written on 31 Dec, 2011 at 19:50
I don't usually do this, but with Holly's permission, I've posted the three emails I received from her today. I get a lot of very flattering emails from homeowners across the country, and I appreciate them all very much...... (Continue reading)
DOER ALERT: Wells Fargo Bank… How could you do this to a mother of four?
Written on 30 Dec, 2011 at 11:37
Doug and Holly were excellent customers of your bank for over 16 years, and then they hit a rough patch. They needed the bank's help... some guidance to get them through difficult times. You had a chance to... (Continue reading)
ALJAZEERA… The year’s top story is not getting coverage…
Written on 29 Dec, 2011 at 19:51
ALJAZEERA: "If you want to find out about this story of the year and years past, in all of its disgusting detail, you can't just trust major media. You have to read Matt Taibbi in Rolling Stone, a music magazine,... (Continue reading)
GUEST POST: Bob Cratchit Speaks Out on Christmas Foreclosure Freezes, Rated ‘PG-13’
Written on 26 Dec, 2011 at 18:48
Every year I take a whole week off at Christmastime. Of course, it wasn't always that way. When I started working for my Uncle Scrooge years ago, he never would have allowed that. In fact, back then,... (Continue reading)
HO, HO, HOmeless… A Sobering View of the Crisis Affecting Us All
Written on 24 Dec, 2011 at 5:00
And to the homeowners who feel ashamed... who have suffered the indignity of losing a home in silence... this wasn't your fault. You didn't break the bond market and send housing prices into a free fall. You didn't... (Continue reading)
‘Twas the Night Before Christmas – 2011
Written on 21 Dec, 2011 at 9:15
And, since it is the holidays, it's also time for my annual year-in-review-in-rhyme, read to the famous holiday poem, 'Twas the Night Before Christmas. I started writing my 'Twas the Night year-in-review in 2007, or at least that's the year... (Continue reading)
Mandelman on The News Dissector Radio Show with Danny Schechter
Written on 20 Dec, 2011 at 20:11
I was a guest on the News Dissector radio show with Danny Schechter out of NYC. And I was joined by one of the Occupy Wall Street organizers and Capt. (Ret.) Ray Lewis. Check it out... given the... (Continue reading)
Foreclosure Fraud North by Northwest with Attorney Shawn Newman, A Mandelman Matters Podcast
Written on 20 Dec, 2011 at 14:40
A Mandelman Matters Podcast - Washington State attorney, Shawn Newman is fighting to protect the rights of homeowners. His legal theories and experiences in court related to Fannie and Freddie "owned" loans are interesting, to say the least, and... (Continue reading)
GUEST POST: Welcome to Freddie and Fannie’s Mortgage Shell Game, By Shawn T. Newman, J.D.
Written on 12 Dec, 2011 at 20:30
Fannie and Freddie actually had a policy stating that they didn't want to receive the physical "notes?" This "policy" was created by Freddie and Fannie and clouds who actually has legal title to the property (i.e. mortgagee) and who... (Continue reading)
Letter Bomb Sent to Deutsche Bank CEO
Written on 10 Dec, 2011 at 0:06
The FBI has issued a statement saying that the Bureau is, "working with German authorities to assess the incident in Frankfurt and any potential threat to facilities or people here." NYPD has increased security around the Deutsche Bank locations in... (Continue reading)
Author Michael Hudson Knows The Monster – A Mandelman Matters Podcast
Written on 4 Dec, 2011 at 12:59
Here's something you can't do anywhere else... listen to author Michael Hudson not only talk with me about his book, but listen to how he applies his vast knowledge of the subject matter to what's going on today in our... (Continue reading)
DeMarco of the FHFA… Like when the baby gets a hold of a hammer.
Written on 1 Dec, 2011 at 13:37
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)
Mandelman’s Monthly Museletter – Version 16.0
Written on 30 Nov, 2011 at 17:15
In this edition you'll find: 1. Robo-signing KILLS... 2. OCC proposes credit rating duties go to banks - A real conversation with a banker-friend of mine. 3. PMI Files Bankruptcy - Regulators step in and take over yet another mortgage... (Continue reading)
THE NEWS: What’s Occupying My Mind is Making Me Dizzy
Written on 29 Nov, 2011 at 11:14
What you are about to read has not been smoothed out or otherwise homogenized, it's just the news as it's coming at me... and you. Go ahead... read it and then tell me everything's just fine. ... (Continue reading)
Bringing UP the Rear – Neil Lipschutz, Managing Editor, Dow Jones Newswire
Written on 28 Nov, 2011 at 10:54
Obviously, either Neal has the cognitive abilities of a fruit loop soaked in milk, or he's just disturbed. What do you suppose he thinks "spread" to Europe and its banks? I mean, I don't think loans can spread...... (Continue reading)
A Foot Soldier in the Foreclosure Wars – Matt Weidner, A Mandelman Matters Podcast
Written on 27 Nov, 2011 at 10:53
I wanted to have Matt on a podcast so both homeowners and other lawyers would have an opportunity to hear his views on the crisis today, and specifically what he's seeing in the Florida courts. And sure enough, Matt... (Continue reading)
Unmistakably April Charney – A Mandelman Matters Podcast
Written on 24 Nov, 2011 at 20:00
So, whether you're a homeowner fighting to keep your home... or a lawyer who represents homeowners in foreclosure, here's an opportunity to hear what April has to say about where we've been, where we are today, and where she thinks... (Continue reading)
Home sales contracts are falling apart 2X as fast as last year
Written on 23 Nov, 2011 at 18:32
Why? Well, according to the Realtors, it's credit scores and appraisals coming in too low. Well shave my head and call me Baldy... what do you know about that? I certainly do declare, how can such a... (Continue reading)
Professor Learns the Hard Way About Loan Modifications at Bank of America
Written on 15 Nov, 2011 at 22:38
MEMO TO BANK OF AMERICA... Why do you do these things to me? I was just sitting here minding my own business, perfectly content to write about Chase or Wells or anything else for that matter... but no, you... (Continue reading)
We’re Going to Need a Bigger Horse… Portland police back down, rather than engage Occupy Portland protesters
Written on 15 Nov, 2011 at 9:57
We need, as perhaps the late, great Steve Jobs might have said... to think differently, to fight differently. We need to scare them by making them realize that we are their source of power and just as we bestow... (Continue reading)
Our future hinges on just ONE thing…
Written on 14 Nov, 2011 at 12:06
You know the stereotype... we all do... reckless and greedy people who bought homes they could never hope to afford by signing their names on nothing down, 80/20 "liar loans" with negative amortization and teaser rates of 1%. And... (Continue reading)
Disturbing News from Behind Closed Doors – Attorney Thomas Cox, A Mandelman Matters Podcast
Written on 8 Nov, 2011 at 0:08
Tom's going to share some things that are very disturbing... things he's discovered are going on behind closed doors in the mortgage banking industry... thinks you probably haven't heard about before... things we all need to know. Don't even... (Continue reading)
OCC’s Independent Foreclosure Review for Homeowners is Ready – But, so are the Scammers
Written on 4 Nov, 2011 at 3:42
The bottom-line is that this does appear to be a chance for people who were treated unfairly as part of the foreclosure process (and Lord knows there are plenty who fall into that category) to get a shot at some... (Continue reading)
The World of the Investor with Attorney Talcott Franklin – A Mandelman Matters Podcast
Written on 2 Nov, 2011 at 10:40
WHAT'S THE DEAL WITH INVESTORS? WHO ARE THEY? ARE THEY LOSING MONEY ON FORECLOSURES? What do the investors think about all these foreclosures? What's the relationship like between investors and servicers? Do investors want to modify loans? Do... (Continue reading)
THE CRAVEN, A Halloween Trick-or-Treat, With Apologies to Edgar Allen Poe
Written on 2 Nov, 2011 at 0:18
Quoth the Craven, "Nevermore."... (Continue reading)
Attorneys: Foreclosure Defense at a Whole New Level – Max Gardner In-person or On video
Written on 26 Oct, 2011 at 9:02
Max basically gives attorneys his thirty-year law practice in a box with easy to follow assembly instructions and ongoing support. And there's nothing theoretical about what Max teaches attorneys at his workshops and seminars. In fact, I've seen... (Continue reading)
Mainstream media waking up to foreclosures being a big problem – And by big problem, I mean Geithner
Written on 25 Oct, 2011 at 17:41
I'm not sure what to say to that, now that I've read Zach's article and been shown more of what went on behind closed doors at the Obama White House. That mistakes were made is abundantly clear, but even... (Continue reading)
Obama’s New Plan to Help Housing Isn’t Worth Waiting For
Written on 22 Oct, 2011 at 8:17
Even Edward J. DeMarco, acting director of the independent Federal Housing Finance Agency says his fix will be more of a tune-up than an overhaul, with reduced "frictions" and "enhancements."... (Continue reading)
Optimism Lost, and by Optimism, I mean Ben Bernanke and the NYT
Written on 19 Oct, 2011 at 8:54
I think the nice folks at the New York Times have been spending too much time at Zabars? Because I'm pretty sure it's not a confidence deficiency... I think it's money we're missing... as in income, and the lack... (Continue reading)
Are Homeowners Suffering from LAS – Legal Abuse Syndrome?
Written on 19 Oct, 2011 at 1:24
Homeowners who have been forced into litigation in an attempt to save their homes, whether choosing to represent themselves, or hire an attorney, are battling against the largest financial institutions in the world in a court system that's anything but... (Continue reading)
What Obama Should Have Done – Ezra Klein, Part 2
Written on 17 Oct, 2011 at 21:07
I mean, here we had our "smart" president, and the first thing he does upon taking the reins of a nation in real economic peril, is throw together a spending bill whose numbers were pulled directly from the hindquarters of... (Continue reading)
CA’s Democrats in Congress Wake Up to Need to Address Foreclosures
Written on 16 Oct, 2011 at 22:39
Apparently, this past week, the sound of the economy's ship going down must have awoken the majority of House Democrats from California who then just jumped all over the Obama Administration for "failing to deliver on promises to curb foreclosures."... (Continue reading)
Inside the Obama Administration with Ezra Klein … and Mandelman
Written on 15 Oct, 2011 at 6:43
Klein seems to think that it's important to understand how the administration got it so wrong... but I could care less. I think the salient point is that they knew they had gotten it wrong soon enough, and yet... (Continue reading)
The Recession is Over! Long Live the Recession!
Written on 11 Oct, 2011 at 12:33
Look people... don't get bummed out about this study, because a few years from now the NBER is probably going to refer to today as having been a peak. ... (Continue reading)
Only One Paycheck Away from Disaster… No kidding, really? Go figure.
Written on 5 Oct, 2011 at 17:19
Since then, we've been bubbled into financial ruin. We bought high and sold low, until our 401(k)s turned into 201(k)s, and then we doubled down on shares of Pets.com, never bothering to question how the company planned to deliver... (Continue reading)
Attitudes on Wall Street: Dear God, Give Me Strength
Written on 4 Oct, 2011 at 6:03
Brancaccio asked about whether these Wall Street types recognized that bonuses are usually paid on profits, but that profits are "radically down," and Bethany replied that they don't. She said that there's a widespread belief that "it wasn't my fault,... (Continue reading)
Two Top Tier Lawyers Ready to Sue Servicers for Defrauding Homeowners
Written on 3 Oct, 2011 at 16:24
It's no secret to anyone close to the crisis that homeowners in distress are routinely lied to by servicers... often homes are lost as a result of those lies... and what's even more shocking than that is how so... (Continue reading)
Former Sub-Prime Lenders Are Back to Profit Off of the Housing Meltdown. Seriously?
Written on 3 Oct, 2011 at 6:16
Basically, the architects of the sub-prime lending that caused the greatest financial crisis in the history of mankind, are now going to profit from the crisis they caused by buying and selling the very sub-prime loans they couldn't sell before,... (Continue reading)
Mandelman’s Monthly Museletter – Version 15.0
Written on 20 Sep, 2011 at 9:30
1. Obama Administration Leaps Into Action on the Foreclosure Crisis. 2. Nation's poverty rate climbs to 15.1%, highest in 18 years. 3. Obama Says Government to Help More People Refinance... Again. 4. Mortgage Defaults Skyrocket 33% Nationwide in... (Continue reading)
Irresponsible Borrowers Documentary Trailer 2 – We Need Your Support
Written on 15 Sep, 2011 at 22:25
Watch it. Link to it. Post it. Support it. Everyone who contributes will be listed in the credits and we plan to take the film all the way to the Academy Awards. If "Inside Job"... (Continue reading)
We’re Simply Not Going to Win this Battle in Courts Alone…
Written on 14 Sep, 2011 at 19:01
We plan to release the final film by the end of this calendar year. This is an election year. We can't afford to wait. Please help me change how this country views the tragedy that is the... (Continue reading)
I Failed… and I’m So Very Sorry
Written on 13 Sep, 2011 at 13:47
I don't know what to say except that I am so very sorry that I let them down. So deeply sorry... and I'll never forget them... I'll try never to let something like that happen again. ... (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)
GUEST POST: Prove Fannie & Freddie Innocent Before Suing the Banks – And Here Is How
Written on 7 Sep, 2011 at 13:29
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)
Geithner is Allowing Banks to Recapitalize on Backs of Homeowners, or… Games Bankers Play
Written on 7 Sep, 2011 at 8:37
I'll say one thing for Secretary Geithner: He's great at distraction. He goes, "Lookie over here." Then he points his finger towards China... and a pigeon flies out of his ass. You really have to watch this... (Continue reading)
The Case Against Philip Kramer, Et Al
Written on 7 Sep, 2011 at 8:00
You have to understand that while I'm happy to see any and all deceptive sales practices targeting homeowners stopped, I take no pleasure in seeing Philip Kramer prevented from suing Bank of America or any of the other banksters, all... (Continue reading)
If Your Economic Forecasts are Wrong All the Time, Aren’t You Just Guessing?
Written on 8 Aug, 2011 at 14:31
Mark Zandi is not only misleading the American public, but he's also misleading the American government, because he appears to have become the favorite economist of the Federal Reserve, the Treasury Department and the Senate and House Budget and Finance... (Continue reading)
From Insult to Injury and Back to Insult… A New Twist on the Demolition Derby
Written on 3 Aug, 2011 at 6:47
I remember a year or two back when Warren Buffett quipped that one solution was to "blow up a lot of houses -- a tactic similar to the destruction of autos that occurred with the "˜cash-for-clunkers' program.'" He was... (Continue reading)
Lawyers, foreclosure fatigue and the dreaded FREE HOUSE
Written on 29 Jul, 2011 at 19:23
Wake up people, we're running out of time. We need to do better and that means we need to get smarter. And since I still have faith that our laws will prevail, we'll be needing our nation's lawyers... (Continue reading)
And the Beat Goes On… Yeah, the Beat Goes On…
Written on 23 Jul, 2011 at 2:05
And call me crazy, but I found the news oddly reassuring... you know... like a peanut butter and jelly sandwich and an ice cold glass of milk. ... (Continue reading)
16 Banks Ordered to Compensate Victims of Improper Foreclosure
Written on 21 Jul, 2011 at 16:31
Guess what... the federal government has ordered 16 of the largest mortgage servicers to reimburse homeowners who they foreclosed on IMPROPERLY. Well, isn't that nice? What a lovely surprise. ... (Continue reading)
HAMP, HARP, HOP, HOOP… Like Watching Someone Spend $10 Trying to Fly to the Moon
Written on 19 Jul, 2011 at 5:06
Boy, that sure is a relief, wouldn't you say? Because, see... I had been under the impression that he had actually been trying to do something big and important and was putting his best foot forward, as it were.... (Continue reading)
No Friend to the Banksters… Attorney Nick Wooten – A Mandelman Matters Podcast
Written on 16 Jul, 2011 at 10:59
If I have to introduce Alabama foreclosure defense attorney Nick Wooten to you, then you're not much of a foreclosure crisis news junkie, because Nick has made headlines for his lawsuits against the banksters on behalf of homeowners as much... (Continue reading)
Well, Now Isn’t That Interesting… All the News That Fits, We Print
Written on 9 Jul, 2011 at 7:44
1. FDIC is suing former IndyMac CEO for a lot of dough. 2. Obama admits failure on foreclosure crisis. 3. What was the tru cost of the bank bailouts?... (Continue reading)
Mandelman SHOCKS Online Community, Says: “I don’t care about my readers anymore.”
Written on 9 Jul, 2011 at 0:54
And the best part of the whole thing is that even if you're weren't a DOER this time around... even if until now you've just been a "reader," it doesn't matter... ANYONE CAN BECOME A DOER AT ANY MOMENT. ... (Continue reading)
Mandelman’s Monthly Museletter – Version 14.0
Written on 2 Jul, 2011 at 7:28
Happy Independence Day! 1. Bank of America... The wrong house AGAIN? 2. Let's call it: Bernankeconomics. 3. Fifty Million for 7,000 Short Sales, Cash for Sunkers? 4. The OCC says fewer than 5,000 principal reductions in... (Continue reading)
Bringing Up the Rear: Tom Deutsch, Executive Director, American Securitization Forum
Written on 1 Jul, 2011 at 2:52
I asked a friend of mine who is a fairly senior executive at a major bank, although not one of those mentioned here, and he said that he can't imagine the banks losing them. He explains that the truck... (Continue reading)
GUEST POST: Stop HAMP Discrimination Against the Disabled and the Elderly
Written on 30 Jun, 2011 at 18:46
Retirees and the handicapped experience higher living expenses, including home maintenance, spiraling healthcare costs, utilities, and other expenses associated with age, disability, and/or deteriorating health. That fact progressively reduces their disposable income and ability to make mortgage payments. ... (Continue reading)
Ohio’s Former AG Marc Dann Talks Hawaii & Fighting Banks – A Mandelman Matters Podcast
Written on 30 Jun, 2011 at 4:06
While Marc was in office he was a very vocal opponent of Wall Street, and the mortgage servicers who were... and still are... destroying his state with unnecessary and even illegal foreclosures. And since he's left office, he's defended... (Continue reading)
Ocwen Loan Servicing Takes Home from Handicapped Because There’s Equity
Written on 27 Jun, 2011 at 5:44
Also, call me naïve, but I have to believe that this is all some sort of gigantic oversight, and you're going to learn of it... correct it immediately... and the Giangregorios are going to live in their home... happily ever... (Continue reading)
FOR THE FATHERS
Written on 19 Jun, 2011 at 5:48
But, it's hard for me to be happy without thinking about the hundreds of thousands or perhaps millions of fathers who while they smile through their day, are also worrying about what will happen tomorrow because they know that, despite... (Continue reading)