Wednesday 4th December
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What Makes a Mortgage a “Bad Loan?” I’m Confused.
Written on 20 May, 2013 at 4:43
Or do we only judge a loan to be "bad" after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan "good" until it defaults and then it becomes "bad." And is... (Continue reading)
Are Mortgages Fraudulent? The Case from Credit River.
Written on 25 Jan, 2013 at 20:22
It's perfectly understandable that many people don't know what to believe anymore, after all, what we've seen happen all around us could drive anyone a little batty. But, understand that holding onto something that's not true isn't going to... (Continue reading)
Register of Deeds, Jeff Thigpen, Is Not Playing Around – A Mandelman Matters Podcast
Written on 10 Dec, 2011 at 18:16
Well, I caught up with Jeff after receiving a "friend request" from him on Facebook... I recognized the name right away and sent him a note asking him to join me for a podcast... and he said yes, of course.... (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)
Disturbing News from Behind Closed Doors – Attorney Thomas Cox, A Mandelman Matters Podcast
Written on 8 Nov, 2011 at 0:08
Tom's going to share some things that are very disturbing... things he's discovered are going on behind closed doors in the mortgage banking industry... thinks you probably haven't heard about before... things we all need to know. Don't even... (Continue reading)
And the Beat Goes On… Yeah, the Beat Goes On…
Written on 23 Jul, 2011 at 2:05
And call me crazy, but I found the news oddly reassuring... you know... like a peanut butter and jelly sandwich and an ice cold glass of milk. ... (Continue reading)
FDIC Chair Sheila Bair Warns Senate Committee about “Millions of Infected Foreclosures”
Written on 14 May, 2011 at 1:17
Well, perhaps it's because Sheila is now a short-timer and will be retiring from her post at the FDIC this July, that she is now feeling a little more comfortable telling the truth, even if that means disagreeing with Walsh... (Continue reading)
GAO Study Published May 5th Discovers Illegal Foreclosures
Written on 8 May, 2011 at 6:49
Personally, I'm holding out for the U.S. Post Office's study of mortgage servicer performance, which I hear is going to be followed up by a scathing report being issued by the Bureau of Land Management in conjunction with the Department... (Continue reading)
FEDS Announce Enforcement Actions Against 14 Servicers, LPS and MERS… Hot Towels in Washrooms Threatened Once Again
Written on 19 Apr, 2011 at 14:41
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)
In Re Walker, Part Deux – March 3rd, 2011, may just be a HUGE day for California Homeowners
Written on 1 Mar, 2011 at 20:11
So, Citi's lawyers filed a new proof of claim... and Ricki Walker's attorney, Mitchell Abdallah, filed a new objection, so Judge Sargis will once again have a chance to uphold the rule of law and change the playing field for... (Continue reading)
Federal Regulators to Bring Enforcement Actions Against Banks… May Get Rid of Hot Towels in Washroom
Written on 17 Feb, 2011 at 11:27
You know what... go to hell. How about the servicers offer "enhanced, streamlined modifications to troubled borrowers" just because it's the right thing to do? How about the servicers do it because although they can never come close... (Continue reading)
Mass Hysteria – The Iabanez Decision by the Massachusetts Supreme Court
Written on 22 Jan, 2011 at 10:50
The bankers have blown it, and they've blown it big. To me it looks like there are multiple swords hanging over the heads of the too-big-to-fail crowd. They report fake earnings based on suspended accounting rules... they lie... (Continue reading)
GMAC… Payments or Not, The Foreclosure Machine that Just Won’t Stop
Written on 15 Jan, 2011 at 1:55
The first time GMAC foreclosed on the couple's home was back in 2001. Totally current on their mortgage payments, it must have come as quite a shock. Once in foreclosure, GMAC wouldn't accept their monthly payments, so... (Continue reading)
Max Gardner Coming to Las Vegas: OPERATION STRIKE BACK THE BANKRUPTCY & FORECLOSURE BOOT CAMP
Written on 12 Jan, 2011 at 11:33
Max Gardner is Coming to Las Vegas... Friday, February 18, 2011 at 7:00 PM -through- Monday, February 21, 2011 at 3:00 PM to prepare troops for OPERATION STRIKE BACK... THE BANKRUPTCY AND FORECLOSURE BOOT CAMP. I've attended Max's Boot... (Continue reading)
Florida AG Pam Bondi Presentation on Foreclosure Fraud
Written on 6 Jan, 2011 at 0:33
And forgetting the homeowners for a moment, if these financial institutions are capable of this type of fraud, how can we or others around the world ever trust them. ... (Continue reading)
SIGN THIS! StopServicerScams.com Petition Will Go to Geithner, Bair, Bernanke, and Walsh!
Written on 4 Jan, 2011 at 0:45
PLEASE SIGN THIS yourself... but also could you please put in the extra effort and forward it to everyone you know that will also want to sign it? PLEASE? Post it on your Facebook page, your LinkedIn page...... (Continue reading)
Geithner Won’t Quit in Battle Over Elizabeth Warren – WE NEED YOU NOW!
Written on 1 Jan, 2011 at 12:49
I didn't realize it was liberal to want to see someone put a stop to the kind of abusive lending behavior that has stripped the middle class of just about everything they had. I guess conservatives are now the... (Continue reading)
Two Years Waiting for the New York Times to Write About Lawyers & Loan Modifications, and they Still GET IT WRONG.
Written on 28 Dec, 2010 at 13:04
Can you hear me now? Is that doing it for you? The facts about California attorneys who offer to assist homeowners with loan modifications as presented in the New York Times story are just plain WRONG. ... (Continue reading)
The Kings and Queens Loan Mod Scammers: Arizona & Nevada Sue Bank of America Over Loan Modification Program
Written on 21 Dec, 2010 at 16:54
So, when the opportunity came up to investigate the banks as a result of things like robo-signers fraudulently signing affidavits in order to foreclose on people's homes, came to light, Terry Goddard was one of the state attorneys general to... (Continue reading)
Well, Would You Look at That: Elizabeth Warren Might Be Replaced by a Bank Lobbyist
Written on 11 Nov, 2010 at 5:35
So, take a few minutes and write to your elected representative about this. No one else, unless you feel like it, just your person in Congress. Tell them this line of thought is unacceptable, that we want Elizabeth... (Continue reading)
Howie Hubler’s Loan Value Group… Proof That Wall Street Has No Idea What’s Happening on Main Street
Written on 1 Nov, 2010 at 9:13
Want to know who Howie Hubler is? Did you read Michael Lewis' book, "The Big Short," because if you did, you might remember Lewis mentioning a bond trader at Morgan Stanley that lost the investment bank $9 BILLION... more... (Continue reading)
Foreclosure Fraud: Tough Issues With Which to Grapple
Written on 30 Oct, 2010 at 20:37
Just in case any children are reading this, and one never knows about such things, forgery and perjury are never found on the right path to follow when attempting to cover up, flagrant and immeasurable fraud and massive malfeasance, boys... (Continue reading)
Alright Banker-People… That’s Enough. You’re Not Making Sense and You’re Making Me Dizzy
Written on 12 Oct, 2010 at 8:36
You don't think so? Then tell me what you think would happen if I walked into a courtroom and handed the judge a fraudulent set of documents requesting that he ignore procedures designed to protect property rights in this... (Continue reading)
THE SiGNiNG… Or, Pardon me, Mr. Banker, but your REMIC is showing.
Written on 10 Oct, 2010 at 10:11
So, why didn't the bankers assign the loans to the trusts? I don't know... for sure. But I'm going to go out on a limb here and tell you it's because they wanted to borrow against them, and... (Continue reading)
House Dems Tell Justice Dept, the Fed, and Comptroller of Currency: “It is time that are held accountable for their practices.”
Written on 6 Oct, 2010 at 23:08
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)
GMAC Halts Evictions Related to Foreclosures in 23 States When News of Forged and Robo-Signed Documents Comes Out
Written on 24 Sep, 2010 at 16:50
Okay, so here's the story... some attorneys representing homeowners in foreclosure noticed that GAMC was saying things that weren't true, which is sometimes referred to as "lying," and then in a deposition it came out that a middle manager at... (Continue reading)