And I can say that, in my opinion, regardless of the outcome... AT BEST... Lynn Szymoniak handled the situation very, very poorly. And, AT WORST... her behavior was deceitful to the point of being unconscionable, and a total abdication... (Continue reading)
Is that what I'm to believe? She hid it from LPS. For SIX years. A million documents. And the whole time, LPS must have just thought she was great at getting the signatures she... (Continue reading)
So, demand is rising while prices are falling... fascinating. Perhaps it's because of a combination of factors, such as incredibly tight credit markets, an ongoing avalanche of foreclosures coming onto the market, a worsening jobs market, higher unemployment, and... (Continue reading)
Lately, Gretchen has been really going strong on foreclosure-related topics... the fraudulent document scandal, the Fannie report, DocX, the AG settlement, so I thought now would be a good time to have her on a Mandelman Matters Podcast.... (Continue reading)
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)
... Faster than a NINJA loan originating at Wamu... More powerful than an unlimited warehouse line at Lehman Bros... able to see swaps and synthetics even when inside an SPE... Look, up in the sky... It's a bird... It's a... (Continue reading)
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)
Isn't that the 800 lb. gorilla in the room that we're talking about here? I mean, can they provide any of those things? It certainly doesn't seem so, unless LPS or DOCX or some foreclosure mill law firm... (Continue reading)
Still, I'm committed to covering this subject even when doing so means that I have to start drinking at 9:30 in the morning... kidding, I'm just kidding... so, here's the news on the FEDS and their "enforcement actions," and I... (Continue reading)
Stern is emblematic of everything that's ugly and wrong with the mortgage banking and finance industries in this country. Whether all the allegations about him are true is irrelevant. In my view, he's an unethical, arrogant, abusive and... (Continue reading)
With the election now less than a month away, House Democrats have requested a formal investigation into the highly questionable foreclosure practices by the banks and servicers. According to the Times story, Speaker Pelosi said that "the excuses we... (Continue reading)
No, folks... the good news for our emerging foreclosure industry, and for my new Empty Homes Hi-Yield Bond Fund, is that our government has failed at every single turn in trying to stem the tide of foreclosures in this country,... (Continue reading)