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What Shall We Tell Our Children, Mr. President?
Reposted from last November because I felt like it… It’s 4:00 AM. I couldn’t sleep… I had lunch with my 15 year-old daughter today. It’s her Homecoming Dance this coming weekend, and with 12 of them...
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Three Central Banks Surprise… Desperation in Three Part Harmony
Yesterday, the New York Times reported that in a single hour three central banks… one in Europe… one in the UK, and one in China all unexpectedly announced policy changes. China’s central bank cut...
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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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Bank sues itself, wins, and then forces itself into bankruptcy to satisfy...
During the mortgage madness of 2003 – 2006, banks wore many hats related to the complex derivatives and mortgage-backed securities being packaged and sold to investors all over the world. Then, the...
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Economy Recovering? No, it’s not. Housing? NO. Unemployment? NO. Stock...
A couple of quick clarifications related to stories now in the news: A. NO, housing has NOT hit bottom. If anyone tells you they think it has, just reply by saying: “Shut up, shut up, shut up, shut...
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We’re Looking at a Retirement Crisis, Because We’re Gambling Unnecessarily
We’re facing a very serious retirement crisis in this country. A recent Congressional Survey of Consumer Finances showed that the average 401(k) balance for 65 year olds in this country is roughly...
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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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A Visit to the Front Lines: Richmond, California, Eminent Domain & Mortgage...
Want to make a banker get all hot under the collar in less than ten seconds? It’s really easy. Just tell him or her that you’re in favor of using eminent domain to take over underwater loans in...
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Motley Fooled by Reverse Mortgages – New York Times No Better
Have you ever found yourself sitting alone and actually wondering, if only for a moment if you might possibly be some sort of unwitting participant in a Candid Camera revival show, or something close?...
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What Loan Modifications Have to Do with Leaving Money on the Table and...
I never saw it coming. Truth is, I never thought I’d think about being a “Dad” as being a job… that is until about a second after the nurse handed my daughter to me wrapped in a soft white blanket....
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The blogger, lawyer, banker and borrower: A letter from home thanks to Bank...
Catherine Drake is a woman who contacted me several years ago when she was about to lose her mind. She had a terrible loan, with a terrible lender and servicer. She was really at the point of giving...
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Here Come the Happy Housing Numbers, but Foreclosures Up Year-Over-Year
Spring has sprung, the year’s longest day is right around the corner and the happy housing market summertime stats are popping like popcorn. With this year’s first quarter home sales numbers having...
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BREAKING NEWS: Newark Votes, Approves Use of Eminent Domain to Fight...
Newark, New Jersey has become the first city in the country to officially approve a controversial plan that uses eminent domain to fight foreclosures and neighborhood blight. Newark’s new mayor, Ras...
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HUD to Resolve Key Reverse Mortgage Issues Going Forward
For those that have been following my ‘war’ on misinformation related to reverse mortgages, I’m happy to report that it looks like everything should be clearing up going forward, at least as far as...
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New York Launches New Foreclosure Avoidance Program… Hundreds Could be Saved?
Just a few days ago, New York’s Attorney General Eric T. Schneiderman announced the launch of a new New York State Mortgage Assistance Program (“NYS MAP”), which will make loans of up to $40,000...
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Even on Some of the Most Progressive Porches in America, Foreclosures Not...
If you’ve never been to Pittsburgh, Pennsylvania, then you probably don’t know a whole lot about the place… it’s not at all what most people who haven’t been there think it is. I grew up there… so...
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Helping a Homeowner Succeed with Bank of America/SPS Loan Mod is Like Mardi...
I often feel like the homeowners who contact me for help become my friends along the way. But then, their loans get modified… and I don’t here from them anymore. In the early days it felt a little...
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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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