Wednesday 4th December
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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)
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)
I’m So Happy that I Ignored the whole AGs-Investigate-the-Servicers Thing
Written on 9 Mar, 2011 at 11:28
Well, what they're calling the Attorneys General "Term Sheet" is out and to kick it all off, I went with an analysis of the AG's work product written by Joshua Rosner, who is Managing Director at independent research consultancy Graham... (Continue reading)
The Psychology and Politics of Foreclosure
Written on 7 Mar, 2011 at 7:00
Of course, there are times when more stuff happens to more people, and today is obviously an example of such times. The economic conditions that we're experiencing today are causing more foreclosures than at any time since the 1930s. When... (Continue reading)
Man Drives Car Through Bank of America’s Lobby – Police Investigate, Unsure of Motive
Written on 28 Feb, 2011 at 23:26
So, wait a minute here... he drove into the bank... into it... he was inside a Bank of America at 4:00 AM... and police are still trying to determine if any property was taken... but he's only being charged with... (Continue reading)
Is HAMP Poised to Improve in Year 3?
Written on 27 Feb, 2011 at 6:53
Laurie, as "the architect" of the HAMP program, are you aware that these servicers you're pandering to at the Mortgage Bankers Association conference, have been nothing short of torturing America's homeowners relentlessly, mercilessly, and without rhyme or reason for three... (Continue reading)
Republicans Preparing to Play Politics With HAMP
Written on 31 Jan, 2011 at 7:17
So, just curious... who woke up the House Republicans, a group who have otherwise been fast asleep these last two-plus years, at least as far as the foreclosure crisis is concerned. In point of fact, over the last two... (Continue reading)
California Appeals Court Rules Homeowners Can Sue Banks for Fraud Over Broken Loan Modification Promises
Written on 29 Jan, 2011 at 9:36
See... this is an excellent example of why I'm starting to think we've become too civilized a society. I was born back in Brooklyn, New York, I mostly grew up in Pittsburgh, and my wife's from the City... (Continue reading)
Strategic Defaults Don’t Really Exist… Who would have thought that? Oh, that’s right… ME.
Written on 12 Jan, 2011 at 8:29
I don't like to do this, but I've been trying to point this nonsense out for so many months now, I can't even keep track. I didn't need a study to know this, I come up with my conclusions... (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)
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)
Watch Which Words You Use With Republicans – They Could Take Their Toys and Go Home
Written on 18 Dec, 2010 at 7:52
The Republican's version of the report is said to be a whopping 13 pages long, and is expected to place the blame for the crisis squarely on the shoulders of poor people who wanted to buy houses, and how some... (Continue reading)
Zillow: U.S. Homeowners to Lose $1.7 Trillion in 2010, Already $9 Trillion Lost Since 2006
Written on 9 Dec, 2010 at 22:24
So... I have a question for my fellow Americans... and for elected representatives in Washington D.C. and state legislatures... and for that offensive, mindless twit Diana Olick on CNBC... Are we done irrationally punishing the so-called "irresponsible" people yet? ... (Continue reading)
FTC Considering Wrong Approach to Protecting Homeowners in Foreclosure from Loan Modification Scams
Written on 7 Feb, 2010 at 9:14
How long did it take you guys to come up with this dazzling piece of regulatory virtuosity anyway? Don't tell me this wasn't the first idea that came up at meeting one, because there's no way I'm buying. ... (Continue reading)