Posts Tagged ‘Obama’s Making Home Affordable Plan’

Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth

Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth

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?)

Foreclosures Poised to Take Down the U.S. Banking System… and even entire economy, says Whalen.  (Ya’ think?)

“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

Mandelman’s Uncommon Advice for Getting Through the Loan Modification Process Without Losing It

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)

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Bringing Up the Rear: Senator Christopher J. Dodd

Bringing Up the Rear: Senator Christopher J. Dodd

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

Apparently Europeans Handle Bad News Better Than We Do

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.

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.

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

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)


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