Posts Tagged ‘NPV formula’

Following in the Rich Tradition of Appraisal Fraud, Servicers Using Zillow® for Home Values

Following in the Rich Tradition of Appraisal Fraud, Servicers Using Zillow® for Home Values

Using a Zestimate to determine a home’s value is almost like trying to make your mortgage payment using Monopoly money. And yet, homeowners and others involved in loan modifications from around the country have confirmed being told by Chase,... (Continue reading)

New Fed Governor Sarah Bloom Raskin Gives Me Reason to Hope

New Fed Governor Sarah Bloom Raskin Gives Me Reason to Hope

I read her speech yesterday evening; parts actually gave me chills, and parts left me with a hopeful tear in my eye. She says almost exactly what I’ve written in my articles on at least dozens and at this... (Continue reading)

U.S. Breaks Housing Price Decline Record Set During Great Depression

According to RealtyTrac, 1,050,500 homes we repossessed by banks last year.So, for those that think foreclosures are somehow a good thing, I guess congratulations are in order. For those not afflicted by such diminished cognitive abilities, I can only... (Continue reading)

Podcast: Mandelman in the Morning – Labor Day

Podcast: Mandelman in the Morning - Labor Day

1. Lehman Bros. CEO says bankruptcy wasn't Lehman's Fault. 2. Stimulus is folly. 3. Call it a depression. 4. Geithner's happy about HAMP. 5. Foreclosures breed foreclosures. 6. AZ's loan mod program won't work. ... (Continue reading)

Speech By Asst. Treasury Sec. Barr on Presidents Plan to Strengthen Housing Sector with commentary by Mandelman

Barr’s predominantly an academic. He taught at the University of Michigan Law School, was a Senior Fellow at the Center for American Progress and at the Brookings Institute, and it looks like he’s co-written a couple of books with... (Continue reading)

July’s Issue of The Niche Report… Bringing Up the Rear: FDIC Chair Sheila Bair

Tweet In case you don’t already know, I wrote the cover story for the May issue of The Niche Report magazine, titled “Pigs, Puppets & People in Peril – The Administration’s Curious Case Against Loan Modification Firms”.  And it was... (Continue reading)


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