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Bankers Apoplectic Over Arizona’s Republican Dominated Senate Passing Chain...
Frankly, I don’t know where to begin. There’s just so much to say. It’s like a cornucopia of… well, lots of stuff to say. Bankers everywhere must be walking in circles, muttering to themselves,...
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KPHO Channel 5 Arizona Airs Story on Rep. Seel’s Principal Reduction
Well, if you remember the story on Mandelman Matters last week about Arizona’s Rep. Carl Seel who received roughly a $100,000 PRINCIPAL REDUCTION on his $190,000 mortgage two days before he was to...
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Arizona Supreme Court Ends the Argument – No Note Needed to Foreclose
Does a trustee have to “show the promissory note” in order to foreclose by non-judicial trustee sale. The Arizona Supreme Court, in a decision on May 18, 2012, said NO. According to the Supreme...
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No Surprise – Arizona Court Rules Mortgage Settlement Funds Don’t Have to...
The National Mortgage Settlement with the five largest banks was to provide $26 billion in various kinds of assistance to the country’s homeowners in an effort to mitigate the damage caused by the...
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We Are On the Brink of a New Age of Rage
On May 21, 2010, Simon Schama published a commentary piece in the Financial Times. Its title, On the Brink of a New Age of Rage caught my attention, and my regular readers I’m quite sure will soon...
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You’ve got to give it up for the Spaniards… unless they’re bankers.
Camping in Zuccotti Park? Bank Transfer Day? Occupy protesting evictions… singing in courtrooms to disrupt trustee sales… lawsuits heaped upon lawsuits… yawn. What has happened to us? We used...
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We know they’re not evil, because they’re simply not smart enough to be evil.
In Hollywood movies, we’ve been introduced to villains that have real game. In the Harry Potter films, for example, there’s “Voldermort… The Dark Lord… He Who Shoud Not Be Named.” In the movie,...
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30 Minutes of Talking: Has Housing or Our GDP Hit Bottom?
MINUTES OF TALKING (I understand that last week’s edition of 30 MINUTES OF TALKING had a few audio problems. I apologize for that, and they should be all fixed for this week’s show. I hope you’ll...
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We’re Being Fed a Steady Diet of Econocrap
Where to begin, where to begin? This past week started off with a thud when the Federal Reserve’s report on U.S. Family Finances showed that the median family’s net worth fell by almost 40 percent...
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We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People
First posted in June of 2010, but every bit as relevant today and it was then. I was so relieved today when I read the results of a study published by the Center for Responsible Lending on the...
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Bankers Apoplectic Over Arizona’s Republican Dominated Senate Passing Chain...
Frankly, I don’t know where to begin. There’s just so much to say. It’s like a cornucopia of… well, lots of stuff to say. Bankers everywhere must be walking in circles, muttering to themselves,...
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KPHO Channel 5 Arizona Airs Story on Rep. Seel’s Principal Reduction
Well, if you remember the story on Mandelman Matters last week about Arizona’s Rep. Carl Seel who received roughly a $100,000 PRINCIPAL REDUCTION on his $190,000 mortgage two days before he was to...
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I Guess Nobody Wants to Read Bad News: Fed Chair Ben Bernanke’s Testimony to...
Fed Chair Ben Bernanke testified to Congress this past week on the topic: “Economic and financial conditions and the federal budget.” I had hoped to watch it, but as it turned out I didn’t have the...
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Have a “Plunder Party” and Help Change Our World
People write to me all the time asking what they can do to help change what’s happening in this country as related to the tragedy that is the foreclosure crisis. They read articles I’ve written and...
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Barofsky’s Report: Taxpayer Support for Financial Sector Now $3.7 Trillion
Neil Barofsky, Special Inspector General for the Troubled Asset Relief Fund (TARP) has issued a report that shows that taxpayer support for the financial system grew by $700 billion last year, and has...
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Mandelman’s Uncommon Advice for Getting Through the Loan Modification Process...
How to hold up under the stress and strain of getting a loan modification… Every single day of the last 18 months I’ve talked to homeowners who are somewhere in, around, or near the process of...
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Why Servicers Foreclose When They Should Modify… YAWN.
The subject of why mortgage servicers foreclose when it appears that they should modify is one that has been written about extensively at this point, both by me and countless others. Frankly, the...
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QE2 Leaves Port, Bernanke Takes Leave of Senses
Okay, so you’ve heard that Federal Reserve Chairman, Ben Bernanke is at it again… he’s doing some more of that Quantitative Easing or “QE2,” if you prefer the wonky acronym the media has attached to...
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The Most Damaging Propaganda Campaign in History. And its Aimed at You and Me
Originally posted in October 2010… Re-posted at request of readers. When I think of the most insidious propagandists in history, Joseph Goebbels certainly comes to mind. Goebbles became Adolph Hitler’s...
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FOR THE FATHERS
Re-posted from last year by special request, and because it’s Fathers’ Day! I’m a father and there’s no father in the whole world happier than I am about being a father. I love my daughter more than...
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