Sunday 15th December
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Pittsburgh in the 1970s – Terrible Times & Terrible Towels
Written on 3 Feb, 2014 at 8:40
But watching them... well, it's just never been the same as it once was, back in the days when the Pittsburgh Steelers dominated the NFL, and commanded the attention, respect and adoration of a city to such a degree that... (Continue reading)
Why Can’t We FIX Something About the Loan Modification Process?
Written on 16 Jan, 2014 at 7:28
I've seen my government fail at lots of things over the years, but this failure is too important and too costly to allow it to continue. We've lost more than five million homes to-date... and recent forecasts show we're... (Continue reading)
“Hardest Hit” Funds Apparently Hard for Government to Spend
Written on 2 Nov, 2013 at 12:16
The SIGTARP is talking about the "Hardest Hit Funds," which were the roughly $8 billion provided by the federal government in the beginning of 2010 to the states hardest hit by foreclosures in order to help their respective housing markets...... (Continue reading)
The One Number You’re Forced to Care About… Your FICO Score
Written on 22 Oct, 2013 at 7:04
About 18 months ago, I started looking for a company that helped people improve their FICO scores. Not only was I interested in finding out how such services worked for my own personal reasons, but I also figured that... (Continue reading)
Interest Rates Play Havoc with Banks, Bonds and Borrowers
Written on 1 Aug, 2013 at 8:50
Long-term interest rates rising means different things to different people, but none of it's good. Higher long-term rates makes it much more expensive for state and local governments to borrow money, and you can probably guess how that would... (Continue reading)
The National Debate Over Loan Modification Re-defaults is Stupid
Written on 30 Jul, 2013 at 8:45
Not surprisingly, the combined effect of the three high-profile reports on borrower performance after having their loans modified, made headlines that have sparked a national debate... yet again. It was a stupid debate back in 2009, and it's an even... (Continue reading)
Bill to End Foreclosure Mediation In Missouri Passes… Wake Up, Missouri
Written on 17 May, 2013 at 19:48
Unless you believe that the foreclosure picture in this country somehow magically changed dramatically over the last month or two... you don't want to wake up one day to find out you might need mediation... only it's no longer there.... (Continue reading)
Denial and Avoidance Won’t Fix Housing or Grow Economy
Written on 16 May, 2013 at 6:56
I wish we'd stop with the false bottoms and imaged recovery stories so we could actually concentrate on making some much needed improvements in how we're handling our economic malaise, because that's the only way we're going to see any... (Continue reading)
FOMC Meeting Surprise! Committee Finds Justification to Continue Doing What They’re Doing
Written on 31 Jan, 2013 at 2:27
I don't know what we'd do without the FOMC... except maybe... be forced to make real progress in some substantive way. ... (Continue reading)
Recovery? Ho, Ho, Holiday Sales Tell the Tale
Written on 29 Dec, 2012 at 9:29
I'm just so relieved that none of this dismal economic news was caused by the respective economies being in deep recession led by unreported worsening unemployment and pretend housing market recoveries. Because if those things were the cause, why... (Continue reading)
‘Twas the Night Before Christmas 2012 – A Political Year-in-Review
Written on 25 Dec, 2012 at 5:19
It my annual political year-in-review, read to the poem, 'Twas the Night Before Christmas. Read it yourself, or click 'PLAY' and I'll read it for you.... (Continue reading)
What Can DocX’s Brown Do for LPS, Besides Forge a Million Documents
Written on 25 Nov, 2012 at 14:37
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)
Why I Didn’t Want to Watch the Presidential Debate Last Night
Written on 23 Oct, 2012 at 6:23
It's foreign policy night but although each question starts out overseas, it ends up buried in our flaccid economy somewhere near Cleveland. Romney points out that Obama can't seem to buy jobs let alone create them. ... (Continue reading)
No Surprise – Arizona Court Rules Mortgage Settlement Funds Don’t Have to Help Homeowners
Written on 12 Oct, 2012 at 2:39
Okay, so what's the big deal whether the state uses some of the funds to balance the state's budget? It's better than the alternative, which is the legislature cutting much needed assistance programs and raising taxes across the board...... (Continue reading)
When Will the Pivotal Nature of the Foreclosure Crisis be Understood
Written on 2 Oct, 2012 at 1:08
Once you're underwater, however, as at least half of homeowners are today, you can't borrow against your home's equity, nor can you sell your home, so any of those life events are likely to hit you where you live. ... (Continue reading)
Loan Modification Process Improving at BOA and Other Servicers
Written on 19 Sep, 2012 at 5:46
why would Smith publish a report whose only meaningful certainty was to scare even more homeowners away from paying attention to Bank of America's borrower outreach efforts? BOA and its peers were already having a hard time reaching... (Continue reading)
It’s Official: Thanks to Former Citigroup CEO Sandy Weill… I Have Now Seen Everything.
Written on 26 Jul, 2012 at 9:09
So, I guess I had this dream. I was watching CNBC... which, by the way, is how I knew it was a dream because I never watch CNBC... anyway, so I was watching CNBC and on comes Sanford "Sandy"... (Continue reading)
Republican Filibuster Discloses that GOP Opposes DISCLOSURE
Written on 19 Jul, 2012 at 8:25
Killing this bill facilitates lying to the American people. And short of something that's kept secret in order to protect our national defense, there is never a reason we should tolerate anyone or anything that does that.... (Continue reading)
Three Central Banks Surprise… Desperation in Three Part Harmony
Written on 6 Jul, 2012 at 7:55
The NYT story also mentioned that Bernanke and other central bankers have been trying to shift some of the burden for fixing the economy to elected officials, but the politicians aren't having any of that. Do they look stupid?... (Continue reading)
President Obama, Bored With the Foreclosure Crisis. That Explains A Lot, Actually.
Written on 1 Jul, 2012 at 9:07
And now I'm supposed to come to terms with the idea that the administration's bored with the topic itself? I could understand it if they were bored with something they'd mastered, although I can't for the life of me... (Continue reading)
CAR- California Assn. of Realtors Tries to Kill Homeowners Bill of Rights
Written on 28 Jun, 2012 at 22:53
Let's let C.A.R. know that even though many of us may be losing homes today, that doesn't make us deadbeats... it makes us strong... it makes us focused... and it makes us remember who was and who wasn't on our... (Continue reading)
PRACTICE LAW, LOSE YOUR LICENSE: WHAT SB 94 MEANS TO YOUR PRACTICE By Alice M. Graham
Written on 25 Jun, 2012 at 21:24
The recent collapse of the real estate and financial markets in this country created the need for attorneys to help many of their homeowner clients by negotiating with lenders for a forbearance or modification of loans secured by the clients'... (Continue reading)
Elizabeth Warren Asks Netroots Nation a Question. Problem is, I think the answer is NO.
Written on 18 Jun, 2012 at 5:03
The real point is that we don't deserve someone like Elizabeth Warren and likely won't get her or anyone like her until we can answer her question about being ready with a resounding YES! and really mean it, as in... (Continue reading)
Should States Use Settlement Money for Deficits or Housing? Oh, So What and Who Cares?
Written on 8 Jun, 2012 at 19:02
When I saw the very first state make a grab for the settlement cash allegedly headed the state's way, I laughed and vowed not to let it get to me. Mandelman Matters, after all, only writes about things that... (Continue reading)
In the Words of Goldman Sachs CEO, Lord Blankcheck…
Written on 2 Jun, 2012 at 22:15
So, have you ever wondered what Goldman Sachs CEO is saying when the cameras aren't on, own what goes on under that highly polished dome of his? Well, I sure have. ... (Continue reading)
OBLABLA or MITTENS for President in 2012? Here’s how I’m going to choose…
Written on 31 May, 2012 at 6:27
"While Paulson didn't want to write down mortgages, the single biggest factor in determining whether the American middle class has any stored wealth, Paulson was willing to do so in response to pressure. Barack Obama... (Continue reading)
What the Fed Chief is Thinking…
Written on 30 May, 2012 at 9:41
Federal Reserve Chief Ben Bernanke communicates more than any of his predecessors, but have you found yourself increasingly wondering what in the world the man is thinking behind that shiny dome and professorial facial hair?... (Continue reading)
Fannie Mae Wants Consequences for Strategic Default
Written on 21 May, 2012 at 12:11
Fannie Mae hates strategic default. Then you say it's bad for communities, Terrence, why do you think that's the case? I mean... bad is a relative term, wouldn't you agree. And, in terms of doing bad things... (Continue reading)
Wells Fargo gives $22,000 to Suicide Hotline… A gift the bank can use too.
Written on 16 May, 2012 at 13:01
Wells Fargo "stepped up" with a $22,000 "gift." Is that how that should ideally be phrased? I suppose it's fine. But, having spent the last few days writing and talking about Norm Rousseau, who took his own... (Continue reading)
A Letter to Brian Stevens at TBWS: We Need More Houses?
Written on 15 May, 2012 at 8:18
Just to make sure I understand what you said there... the problem is that there aren't enough homes for people to buy? We're having a shortage of houses for sale, are we? Wow... you know, I was sleeping... (Continue reading)
Husband’s Suicide Yesterday, Wells Fargo to Evict Wife Tomorrow Anyway
Written on 14 May, 2012 at 14:03
You're a liar, Wells Fargo. Either you knew you weren't going to approve their loan modification, or you're the most incompetent financial institution in the history of the world. And you don't just do this sometimes, you do... (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)
California Homeowner in Foreclosure Wins Quiet Title – It’s a Free House!
Written on 7 May, 2012 at 7:11
For one thing, filing quiet title did work out well for Denise Saluto, and since I would never have predicted it happening in her case, I'm certainly not going to tell you it won't happen again in yours, because as... (Continue reading)
Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works
Written on 7 May, 2012 at 6:25
Iceland's mortgage write-down program happened as a result of thousands of its citizens taking to the streets demanding that something be done about the debts the people had incurred buying homes during the bubble at what turned out to be... (Continue reading)
DOER UPDATE: Patricia Martin v. Wells Fargo – Court Grants Injunction, Injustice on Trial Ahead
Written on 1 May, 2012 at 8:06
Zanides estimates that the bank has spent a significant amount already on legal fees and now is certain to spend a whole lot more. Patricia Martin's home is worth no more than $275,000. How can it be worth... (Continue reading)
An Important Message about 2012 for both President Obama & Mitt Romney
Written on 30 Apr, 2012 at 8:15
In 2012, the road to the White House runs directly through the states hardest hit by the foreclosure crisis, most notably Ohio and Florida, but also Michigan, Nevada, and North Carolina, et al. For the Obama campaign, I would... (Continue reading)
30 Minutes of Talking: Has Housing or Our GDP Hit Bottom?
Written on 29 Apr, 2012 at 2:49
This week on 30 MINUTES OF TALKING I'm looking at the contradictions that are being thrown at us almost every day now... this past week it was the housing market that hit bottom, according to quite a few. But... (Continue reading)
We know they’re not evil, because they’re simply not smart enough to be evil.
Written on 23 Apr, 2012 at 14:06
The European bankers are no different than is the FHFA, which is led by Ed DeMarco, the guy stopping Fannie and Freddie from reducing principal balances of mortgages. He says he won't do it because his job is to... (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)
GUEST POST: A Letter to President Obama, from James Deal, Attorney at Law
Written on 29 Mar, 2012 at 11:28
I write to identify a policy change that would add trillions of dollars of liquidity to the housing market overnight. It would stimulate home sales, stabilize home prices, and reduce the number of home foreclosures.... (Continue reading)
MUST SEE TV: WA State Supreme Court Hears Arguments in Case Against MERS
Written on 29 Mar, 2012 at 11:07
The video below puts you in the courtroom to watch as both sides of the debate present oral arguments related to MERS' involvement in the foreclosure process in front of the nine justices of the Washington State Supreme Court.... (Continue reading)
GUEST POST: Good for the Banks, Good for the Borrowers by Law Professor, Lauren E. Willis
Written on 21 Mar, 2012 at 11:52
With so many Americans removed from the pool of potential buyers, those who own their homes with smaller mortgages or outright cannot sell their homes for decent prices, trapping them too in place and forcing some to delay retirement. The... (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)
New Jersey Supreme Court’s Guillaume decision meaningless – Should foreclosure defense rethink its strategy?
Written on 1 Mar, 2012 at 11:02
Why is there no effort to hold the administration and member of Congress accountable for what has clearly been their failure related to the federal government's loan modification initiative? Why are we accepting such utter failure and holding them... (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)
Economy Recovering? No, it’s not. Housing? NO. Unemployment? NO. Stock Market? NO.
Written on 27 Feb, 2012 at 15:18
So... housing is not, not, not at bottom, "“ check. Unemployment not improving "“ check. And does the stock market at 13,000 mean something to the economy? Nothing good "“ check.You might want to bookmark this page, so... (Continue reading)
Bank sues itself, wins, and then forces itself into bankruptcy to satisfy judgment
Written on 27 Feb, 2012 at 13:54
So, why did I write this? Because it makes just as much sense as everything else that's going on in this country, and at least it made me smile. ... (Continue reading)
America Needs Buddy for President in 2012!
Written on 26 Feb, 2012 at 8:12
If one million people give $70 each, that's more than any of the GOP candidates has raised. He needs to get 15% in a national poll to get on the stage during the presidential debates so he can challenge... (Continue reading)
URGENT DOER ALERT – Wells Fargo You’ve deceived, confused and beaten another senior into submission
Written on 20 Feb, 2012 at 13:34
Wells Fargo... let me be clear about this because time is short. Particia Martin is scheduled for UD Court tomorrow. So, you have some law firm, some unsuspecting foreclosure mill, no doubt... and you should call and cancel... (Continue reading)
Arizona’s SB 1451 – Does Arizona Have the Right to Save Itself from Drowning in Underwater Loans?
Written on 19 Feb, 2012 at 6:11
Senate Bill 1451 only uses PRIVATE MONEY. There is no government money involved, no subsidies, no guarantees, and no taxes. This Program utilizes a completely different structure than any current mortgage program. It includes a cash insurance... (Continue reading)
Greece Will Leave EU… They Should Do It Now.
Written on 13 Feb, 2012 at 8:51
Dear Greece... The Dracma will be fine and so will the people, but not if you wait too long, or if you continue with a prime minister who is an ex-central banker. Toss him out, re-shuffle the deck and... (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)
Bank of America Does the Wright Thing – DOERS Did It Again. JOIN US, BE A DOER!
Written on 26 Jan, 2012 at 6:23
By mid-day on Tuesday, Bank of America had responded to say they were looking into it... and by 4:30 PM that same day Bank of America DID THE WRIGHT THING, and gave Mr. Dale Wright his home back... from a... (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)
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)
My Name is Martin.
Written on 16 Jan, 2012 at 1:35
I learned about death from Martin King. I learned about peace from Martin King. I learned about hope from Martin King. I learned about struggle from Martin King. I learned about my country from Martin King. I learned to love... (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)
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)
DOER ALERT – Bank of America Disables a Disabled Vet
Written on 16 Dec, 2011 at 7:25
Bank of America... stop torturing disabled American veterans, and stop torturing Arlie Matthews and I do mean immediately... and I also mean... or else. He's a brave and strong guy, but I know he's got to be scared to... (Continue reading)
Neil Barofsky and American Banker Finally Catch Up to Mandelman Matters
Written on 15 Dec, 2011 at 19:54
No one helps those who don't help themselves. We need to be WE... and now. Because as long as the country believes that irresponsible borrowers are the problem, nothing will change for borrowers... not enough lawyers will join... (Continue reading)
Arizona’s Rep. Jack Harper Says Walk Away and You’ll Pay
Written on 14 Dec, 2011 at 2:02
The Arizona Bankers Association has been trying to change that for years so banks could go after the homeowners for the amount of the deficiency, and finally they've found their boy in Jack Harper. Inconceivably, Harper says he will... (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)
The Stalinist Era of Consumer Protection
Written on 12 Dec, 2011 at 15:58
Now, when right in front of our eyes, the banking lobby is pushing to make the only federal agency whose role is to protect consumers entirely toothless, once again we're failing to make our voices heard. I know this... (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)
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)
Two Movies I Want to See… Bailout! and Margin Call
Written on 11 Nov, 2011 at 6:19
Two movies I really want to see, and I think you will want to see them as well. One is Bailout, and it looks funny and great. The other is Margin Call, and it look dramatic and really... (Continue reading)
Consumer Spending Up? Come on get happy…
Written on 9 Nov, 2011 at 8:31
The bottom-line... much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (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)
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)
MERS Has Trouble, Right There in Ohio, With a Capital ‘T’…
Written on 18 Oct, 2011 at 18:28
"This case asks court very directly whether the MERS system complies with state law. If it doesn't then I'm going to go back and reopen all of the foreclosures alleging that the transfers were invalid," says Dann without hesitation. ... (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)
WSJ Surveys Economists… US Incomes Won’t Make Up Lost Ground Before 2021
Written on 16 Oct, 2011 at 19:29
Yesterday, for the first time since the recession began, the Wall Street Journal survey of 50 economists now say that incomes in this country have been falling since 2000 and they don't expect us to make up the lost ground... (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)
Obama Says Post Office Should Cut One Day of Mail Delivery… Now there’s change we can believe in.
Written on 20 Sep, 2011 at 2:53
Obviously, Obama has been hard at work on this very important subject, and I think we have to give credit where credit is due. And he's got more ideas than just cutting a day of mail delivery, oh yes... (Continue reading)
Bringing Up the REAR: House Speaker Rep. John Boehner
Written on 19 Sep, 2011 at 19:46
Look, I've been an "employer" for some 20 years, and I'd just like to assure everyone that breaking the collective back of our nation's middle class is precisely what is stopping America's employers from spending the massive amounts of cash... (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)
Mandelman’s Reluctant Analysis of Obama’s Speech – The American Jobs Act
Written on 10 Sep, 2011 at 22:21
I didn't want to do this. I was perfectly content ignoring his idiotic drivel as I've been doing pretty successfully for over a year. Or, maybe it's because he hasn't said anything in over a year, I'm not... (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)
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)