Wednesday 4th December
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Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth
Written on 21 Feb, 2014 at 4:03
Once a mortgage is underwater... should you get hit with a life event such as a divorce, illness, injury, job loss or income reduction... you can't sell your home... and you can't borrow against it to help you get through... (Continue reading)
Foreclosures Poised to Take Down the U.S. Banking System… and even entire economy, says Whalen. (Ya’ think?)
Written on 21 Dec, 2010 at 7:32
"Laurie Goodman of Amherst Securities predicts that 1 in 5 mortgages could go into foreclosure without radical action." Now just a minute here... you're not saying that one out of five people with mortgages are "irresponsible sub-prime borrowers who never... (Continue reading)
Mandelman’s Uncommon Advice for Getting Through the Loan Modification Process Without Losing It
Written on 17 Oct, 2010 at 8:06
There's no point in sugarcoating this... getting a bank or mortgage servicer to agree to modify a mortgage is never a pleasant experience. In fact, it's pretty much horrible, even when it's good. You may finish the process... (Continue reading)
Bringing Up the Rear: Senator Christopher J. Dodd
Written on 19 Sep, 2010 at 17:20
Now that Elizabeth Warren has been appointed to the post, albeit temporarily, support her with whatever support you can offer, Senator Dodd. Let the ones that oppose Elizabeth Warren stand naked in the light. And the American consumer....... (Continue reading)
Apparently Europeans Handle Bad News Better Than We Do
Written on 26 Jul, 2010 at 17:49
Because, believe it or not, not everyone agrees with our Treasury Secretary, or our President for that matter, when they say that our economy is "on track". In fact, many think that quite the opposite is the case, and... (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)
A Time for Good Judgment-The Jury is In and We NEED Judges to Modify the Way Banks Behave
Written on 13 Oct, 2009 at 15:20
There's no question that we NEED to reform the bankruptcy code to allow judges to modify the mortgages on primary residences. Why? If you have to ask, you're not paying attention...... (Continue reading)