Tuesday 13th May
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Arizona Supreme Court Ends the Argument – No Note Needed to Foreclose
Written on 12 Jun, 2012 at 16:13
It's worth noting that in this case, the borrower did not allege that the two Banks had right to enforce the notes, only said the notes had to be shown, and the Court simply ruled that no such requirement was... (Continue reading)
What is Ed DeMarco Thinking?
Written on 10 Jun, 2012 at 17:48
Edward DeMarco of the FHFA is the conservator for the GSEs, Fannie Mae and Freddie Mac. At this point the president, the Secretary of the Treasury, and many in congress have asked him about participating in anything... HAMP, principal... (Continue reading)
Nancy Pelosi sent my reader Amy an email. And Amy replied brilliantly.
Written on 10 Jun, 2012 at 7:26
Nancy Pelosi sent a Mandelman Matters reader, Amy Sheaffer, an email. Any wrote back. Brilliant! Lord, I do love my readers.... (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)
Inside the Mind of JPMorgan Chase CEO, Jamie Dimon
Written on 6 Jun, 2012 at 22:21
What goes on in Jamie Dimon's head? He loses billions in a few weeks and then goes on Sunday morning talk shows looking like he's just written a cookbook or whatever, saying that he's getting tired of people hating... (Continue reading)
For My Birthday… Love, Your Broken Home. By Tim Miller
Written on 3 Jun, 2012 at 7:15
Tim Miller, is a singer/songwriter from Dallas, Texas. Here he is performing a song he wrote after reading a news story about a family who lost their home, the victim of predatory lending.... (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)
My Financial Recovery Plan for the Middle Class: Whistle While You Work
Written on 2 Jun, 2012 at 11:27
There's no reason to wait another day to begin building your Whislteblowing Futures Empire. It requires the smallest if investments, and the leverage involved can turn out to be off the charts... I mean, we're talking tens of thousands... (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)
“Tim, could you get the door?” “Sure, honey… are we expecting company?” “Not that I know of…”
Written on 21 May, 2012 at 12:19
As many as 1,000 surprise guests visited the Bethesda home of Treasury Secretary Timothy Geithner on Sunday around 5:00 PM. ... (Continue reading)
What is Strategic Default? A Moral Dilemma?
Written on 21 May, 2012 at 7:06
What is a strategic default? These days, it occurs to me, there would be even less morality involved in the decision to walk away from a mortgage. I can't believe anyone actually feels morally obligated to a bank today.... (Continue reading)
California Foreclosure Laws Need Homeowner Bill of Rights
Written on 21 May, 2012 at 5:53
Now, as we're facing a crisis of unprecedented proportion, we're learning the hard way that our rights as borrowers are almost non-existent. In California and around the country, foreclosure defense lawyers saw that mortgage servicers could far too often... (Continue reading)
What’s wrong with your loan? Jay Patterson on a Mandelman Matters Podcast
Written on 19 May, 2012 at 20:26
Jay Patterson teaches lawyers how to use the SEC Edgar database, among others, in order to find out who owns a loan. How to identify the trust a loan is in and find the Pooling and Servicing Agreement. how... (Continue reading)
Arizona Foreclosure News – More like a motivational pep talk for Realtors
Written on 19 May, 2012 at 8:39
RealtyTrac is so entirely full of horsey do-do that the entire organization should be lined up against a wall and shot a dawn for pedaling garbage statistics in a state still being decimated by the foreclosure crisis.... (Continue reading)
Foreclosure crisis now includes “Irresponsible Churches”
Written on 18 May, 2012 at 7:09
Praise the Lord, and please pass the foreclosures, right? We need to get through the foreclosures... clear the market... let it hit bottom... isn't that what Mitt Romney, Rick Santelli, House Republicans, quite a few Democrats too... and a... (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)
Jamie Dimon tells Meet the Press he thinks we’re resenting “success.” He’s wrong.
Written on 14 May, 2012 at 3:26
Dimon was quoted as having said that just because his bank had been stupid, it didn't mean that all the other banks would be equally stupid. But, see... it sort of does, right? That's why the sort of... (Continue reading)
UTAH Foreclosure Help from Mandelman Matters – START HERE
Written on 12 May, 2012 at 0:17
I decided that I had to do more to help stop homeowners from getting ripped off, by providing the state specific information homeowners need to make the right decisions for their individual goals and circumstances. Moving forward on the... (Continue reading)
Attention Homeowners & Lawyers: AG Mortgage Settlement Launches Online Complaint Sites
Written on 11 May, 2012 at 7:02
I for one am glad to see that this country is finally taking the foreclosure crisis seriously and that my tax dollars are being put to good use, and I really do hope that everyone take advantage of the new... (Continue reading)
Finally, Jamie Dimon and I Agree on Something
Written on 11 May, 2012 at 3:03
Oh, good Lord. We're still doing this sort of thing, huh? Some guy at JPMorgan Chase in London was gambling with credit default swaps, no one was watching, and next thing you know the bank was down $2... (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)
Bar Defense Atty David Carr Exposes the CA Bar on Scammers and SB 94 – A MM Podcast
Written on 2 May, 2012 at 1:40
If you're a lawyer or real estate licensee that has been involved in helping homeowners save their homes from foreclosure over the last few years, or a homeowner struggling to understand the crisis at hand... I PROMISE... YOU DO NOT... (Continue reading)
White Powder in Envelopes Mailed to Wells Fargo in NYC – Idiots happy it’s not toxic
Written on 1 May, 2012 at 10:21
AP reported that the powder in the envelopes caused evacuations at bank branches, but no injuries, as if that last part mattered in the least. Idiots appear to be happy that the powder was found to be cornstarch... as... (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)
Thinking Out Loud… Über-Trendy Rich New Yorkers & Ethiopian Cuisine
Written on 22 Apr, 2012 at 9:34
Doesn't it just figure that in this country, where we have so much food we that throw away inconceivable amounts on an hourly basis and literally pay farmers millions of dollars not to grow stuff... that we'd have trendy intellectuals... (Continue reading)
Introducing 30 MINUTES OF TALKING – A Mandelman Matters Podcast
Written on 20 Apr, 2012 at 19:46
This week's show focuses on the Obama Administration's handling of the foreclosure and housing crisis, by examining the statements made during the press conference the administration held to announce the settlement between the 49 state attorneys general and the five... (Continue reading)
Federal Judge Magner: Wells Fargo’s Behavior “Highly Reprehensible”
Written on 19 Apr, 2012 at 5:59
I can tell you that I receive more complaints about Wells Fargo refusing to approve loan modifications than any three other mortgage servicers combined. But then, Wells did modify one of the homeowners I wrote about a few months... (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)
Phoenix Officers Who Shot Homeowner Needed Better Training
Written on 18 Apr, 2012 at 3:15
First of all, I realize that I wasn't there. And I understand that the guy had a beer in one hand and a gun in the other. But he was obviously thinking pretty clearly... after all, a couple... (Continue reading)
NY Appeals Court Dismisses Fraud Suit Brought by Investors – Says Investors can take care of themselves.
Written on 4 Apr, 2012 at 4:57
Some are saying the case may set a precedent for the packagers of CDOs, making their only responsibility to disclose risks and conflicts of interest involved. A lawyer said to be "deeply involved" in the case, was quoted as... (Continue reading)
An Insider’s View of an Actual RMBS Securitization at Mandelman U.
Written on 2 Apr, 2012 at 8:15
What follows below are slides from an actual presentation of a Residential Mortgage-backed Securities - RMBS/REMIC deal... but NOT the slides from a "road show" presentation to potential investors... what you're about to see are slides from an INTERNAL meeting... (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)
You’ve got to give it up for the Spaniards… unless they’re bankers.
Written on 26 Mar, 2012 at 19:11
Clearly, today's news from Spain shows that when it comes to protesting, Americans have lost some of our creativity and are simply not up for it as often as we once were. Frankly, many have expressed concern about... (Continue reading)
IF TRUE, IT’S TREASON – CBO Director Douglas Elmendorf and the Impact of the Foreclosure Crisis
Written on 25 Mar, 2012 at 3:04
I suppose I'll never know who was involved or what you've done to this nation by manipulating or withholding such information from Congress, from the president, from the American people and from the world. If you did any of... (Continue reading)
Max Gardner & Nye Lavalle Together in Concert – A Mandelman Matters Podcast
Written on 22 Mar, 2012 at 21:04
Having Nye Lavalle and Max Gardner together is a rare event. Together, they would have to be considered the founding fathers of today's foreclosure defense movement, so this is an opportunity to learn how it all began and where... (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)
Frank & Brian in Arizona for Spring Training: Think… Not, Work… Not.
Written on 21 Mar, 2012 at 7:42
Who knows... trying to pick the bottom has long since proven itself to be a fool's errand anyway, right? It certainly should have by now. My advice would be to buy on the way up. Missing the... (Continue reading)
Atty. Bruce Levitt of Kemp v. Countrywide – A Mandelman Matters Podcast
Written on 20 Mar, 2012 at 11:07
Join me and New Jersey bankruptcy and foreclosure defense attorney, Bruce Levitt as we talk about Kemp v. Countrywide, a much anticipated New Jersey Supreme Court from 2010 that really made it clear that there were some problems with the... (Continue reading)
Watch this! Ireland wants the same answers we do.
Written on 9 Mar, 2012 at 11:52
Ireland journalist won't give up. Why do our journalists fail to get started?... (Continue reading)
Wells Fargo Warns Shareholders – it’s own behavior may hurt the bank’s performance.
Written on 8 Mar, 2012 at 12:05
Negative public opinion could result from our actual or alleged conduct in any number of activities, including mortgage lending practices, servicing and foreclosure activities, corporate governance, regulatory compliance, mergers and acquisitions, and disclosure, sharing or inadequate protection of customer... (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)
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)
Best Picture Nominees Meet the Foreclosure Crisis at the 84th Annual Academy Awards
Written on 26 Feb, 2012 at 22:02
The foreclosure crisis is seeping into our society everywhere. Or, at least it soon will be... ... (Continue reading)
Wells Fargo Bank and Patricia Martin Part 2 – A Bank that Cannot Be Trusted
Written on 22 Feb, 2012 at 1:17
The bottom-line is, as anyone should be able to clearly see... Patricia Martin should NOT have lost her home and Wells Fargo SHOULD help her get it back with a modified payment so she can continue to live in the... (Continue reading)
It’s Gretchen Morgenson from The New York Times – A Mandelman Matters Podcast
Written on 21 Feb, 2012 at 7:47
Lately, Gretchen has been really going strong on foreclosure-related topics... the fraudulent document scandal, the Fannie report, DocX, the AG settlement, so I thought now would be a good time to have her on a Mandelman Matters Podcast.... (Continue reading)
Bringing Up the Rear – Dale Westhoff, Credit Suisse Group AG
Written on 16 Feb, 2012 at 1:17
Apparently, right before you made your idiotic comments about moral hazard, saying that principal write-downs won't save homes, Credit Suisse had just won the bidding process and as a result bought $7.014 billion in face value RMBS from the Federal... (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)
The Good, the Bad and the Ugly in the Mortgage Settlement
Written on 12 Feb, 2012 at 17:37
The settlement agreement is supposed to help one million households by reducing their loan balance reduced. There's no way is there enough money in this settlement to do all that much for anyone. But Obama has said it's... (Continue reading)
Foreclosing on Oscar… Mandelman’s List of Best Picture nominees
Written on 9 Feb, 2012 at 9:16
I haven't actually seen any of them, but I've gone ahead and described them, so you can see the candidates through my somewhat jaded perspective... and my list is likely a little different than the others you'll run across... I... (Continue reading)
IT’S UNANIMOUS! AZ’s SB 1451 Passes Senate Banking Committee
Written on 7 Feb, 2012 at 21:09
Arizona's hundreds of thousands of hopelessly underwater homeowners are having the best day they've had since the "days of equity" back in 2006. The bill not only passed, but it passed unanimously... '6' Ayes to '0' Nays. ... (Continue reading)
Foreclosure Politics Here and Across the Pond – Professor David Coates on a Mandelman Matters Podcast
Written on 3 Feb, 2012 at 19:06
This Mandelman Matters Podcast with Professor David Coates is not the same thing you've heard before, as he covers the foreclosure crisis both here in the U.S and in the UK. He also talks about the global financial crisis... (Continue reading)
Thank You Wells Fargo… Signed the DOERS of Mandelman & Field
Written on 31 Jan, 2012 at 19:28
Ooops, you did it again! Yes, it's true... Wells Fargo contacted Tom and Jeneane up in Granite Bay, California mid-day today to let them know that their SALE DATE of February 3, 2012 HAS BEEN POSTPONED. ... (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)
Our DOERS DID IT Again… One West Bank Stops Sale in East!
Written on 30 Jan, 2012 at 15:37
DOERS... you did it again. That's 7 out of 7 DOERS... we really are DOING it and making a real and very meaningful difference not only for the homeowners whose homes we've saved by helping them get sustainable loan... (Continue reading)
DOER ALERT: OneWest Bank Needs to STOP a Foreclosure Sale Monday Because It’s WRONG
Written on 29 Jan, 2012 at 20:31
In just two days from now, on Monday, January 30, 2012, at 3:00 PM... a terrible, tragic and yet easily avoidable event is scheduled to occur... and MUST BE STOPPED. OneWest Bank is scheduled to conduct a foreclosure auction... (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)
DOER ALERT: Dear Bank of America…
Written on 23 Jan, 2012 at 20:03
The man's wife passed away in 2006. They were married for 53 years. Your bank explained that a request for postponement went in on the 23rd of December 2011 on a loan which Bank of America agreed to... (Continue reading)
Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”
Written on 22 Jan, 2012 at 18:53
Reducing mortgage balances is a risky idea that hasn't been shown to keep borrowers who owe more than their property's worth in their homes, according to Credit Suisse Group AG. (CSGN). Suspending accounting rules is a risky idea that hasn't been... (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)
Are they lying or are they stupid?
Written on 14 Jan, 2012 at 15:51
Look... are you feeling me here? Do you see what I'm saying? What's the deal? Are they lying or are they stupid, because there's no way in the world we should be talking about whether the FOMC... (Continue reading)
The Quiet Man… Utah Attorney Walter Keane – A Mandelman Matters Podcast
Written on 13 Jan, 2012 at 16:01
Utah Attorney Walter Keene is the lawyer that filed four quiet title claims last year, which means he was seeking to obtain a court order granting clear title to the properties in question. And all four were granted by... (Continue reading)
Can We All at Least Agree on This?
Written on 13 Jan, 2012 at 12:49
If that is going to be allowed to happen, we... and I mean WE, as in ALL OF US... should demand that we stop signing such things altogether. If a Linda Green look-a-like is going to sign a fraudulent... (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)
ALJAZEERA… The year’s top story is not getting coverage…
Written on 29 Dec, 2011 at 19:51
ALJAZEERA: "If you want to find out about this story of the year and years past, in all of its disgusting detail, you can't just trust major media. You have to read Matt Taibbi in Rolling Stone, a music magazine,... (Continue reading)
GUEST POST: Bob Cratchit Speaks Out on Christmas Foreclosure Freezes, Rated ‘PG-13’
Written on 26 Dec, 2011 at 18:48
Every year I take a whole week off at Christmastime. Of course, it wasn't always that way. When I started working for my Uncle Scrooge years ago, he never would have allowed that. In fact, back then,... (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)
FRONT LINE NEWS, A Mandelman Matters Podcast – December 23, 2011
Written on 23 Dec, 2011 at 9:58
FIRST UP: A favorable ruling from Florida's Supreme Court in the Pino Case... I ask attorney Matt Weidner and Foreclosure Hamlet's Lisa Epstein to tell us what it means to homeowners. SECOND STORY: A blogger in Ohio teams up with... (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)
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)
Sitting in at Max Gardner’s UCC Seminar at New York Law School…
Written on 23 Nov, 2011 at 5:51
So... if you're wondering why I'm writing this right now, as education is raining down all around me? Well, it's because this is like being at the All-Star Game of the foreclosure crisis. It's just packed with high... (Continue reading)
I, Robosigner… A three act play about affidavit fraud in AG Masto’s Nevada
Written on 18 Nov, 2011 at 17:52
... Faster than a NINJA loan originating at Wamu... More powerful than an unlimited warehouse line at Lehman Bros... able to see swaps and synthetics even when inside an SPE... Look, up in the sky... It's a bird... It's 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)
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)