November, 2010

Twas the Night Before Christmas, 2007

Twas the Night Before Christmas, 2007

Tweet Twas the Night Before Christmas, 2007 Twas the night before Christmas, 2007 And as I sat listening to some nice Andre Previn. I realized that this had been an exceptional year, Deserving of special mention, so I opened a... (Continue reading)

T’was the Night Before Christmas… 2010

T’was the Night Before Christmas… 2010

Tweet Twas the Night Before Christmas… 2010 Twas the Night Before Christmas, 2010 And as I sat down, to pen this poem, once again, My mind started thinking about the haves and have-nots This year, I decided, I’d better pour... (Continue reading)

Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps

Mandelman U. Presents: There’s Credit Default Swaps & then there's Credit Default Swaps

Tweet Complexity We Eschew at Good Old… Mandelman U. Sit, Sulte, Simplex In 1998, there were so few Credit Default Swaps in play that they were hardly worth counting. Not only were there a relatively small number of these credit... (Continue reading)

FTC Moves to Protect Homeowners With New MARS Rule – Regulates Loan Modifications Nationwide

FTC Moves to Protect Homeowners With New MARS Rule – Regulates Loan Modifications Nationwide

Tweet Formally, it’s called Title 16 – Code of Federal Regulations, Part 322, for Mortgage Assistance Relief Services.  Informally, it’s called MARS.  And for mortgage brokers engaged in helping homeowners obtain loan modifications, it’s pretty much the end of the... (Continue reading)

IT’S BACK & IT’S HERE: Mandelman’s Monthly Museletter – Version 9.0

IT’S BACK & IT’S HERE: Mandelman’s Monthly Museletter - Version 9.0

Tweet Yeah, I know… it’s been several months since my last Monthly Museletter.  So, what’s your point?  I try to keep up but it’s not easy.  The banks are such pond scum that their crimes and abuses come out so... (Continue reading)

Foreclosure Mom’s Rap

Foreclosure Mom's Rap

Tweet Here’s Foreclosure Mom’s rap… nothing further need be said… watch it. And if you’re going to try to get your loan modified, get a … I wouldn’t even consider trying it without it, and you can send a to... (Continue reading)

Where Are Our Religious Leaders?

Where Are Our Religious Leaders?

Tweet So, in case you haven’t noticed, we’re having quite the economic crisis in this country. Close to 7 million people have already lost their homes to foreclosure, and there are most assuredly many millions more to come… some say... (Continue reading)

QE2 Leaves Port, Bernanke Takes Leave of Senses

QE2 Leaves Port, Bernanke Takes Leave of Senses

Tweet 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 the program. It’s the... (Continue reading)

Well, Would You Look at That: Elizabeth Warren Might Be Replaced by a Bank Lobbyist

Well, Would You Look at That: Elizabeth Warren Might Be Replaced by a Bank Lobbyist

Tweet See, just when I was all be rock solid sure that the current administration could not possibly offend me any more than they already have, they may have just gone and blew through my expectations once again.  It seems... (Continue reading)

Chief Judge Gonzalez calls WaMu’s Conduct “Immoral, Unethical, Oppressive, Unscrupulous or Substantially Injurious to Consumers” (You go, Your Honor.)

Chief Judge Gonzalez calls WaMu’s Conduct “Immoral, Unethical, Oppressive, Unscrupulous or Substantially Injurious to Consumers”  (You go, Your Honor.)

Tweet That’s Chief Judge E. Irma Gonzalez above. Irma E. Gonzalez, Chief Judge of the United States District Court, Southern District of California, in granting a plaintiff’s motion for a Temporary Restraining Order, stopped Washington Mutual or “WaMu” from foreclosing... (Continue reading)

Why Servicers Foreclose When They Should Modify… YAWN.

Why Servicers Foreclose When They Should Modify... YAWN.

Tweet 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 whole thing is not only bringing... (Continue reading)

OUTRAGEOUS! Morgan Stanley Money Manager Won’t Be Prosecuted for Felony

OUTRAGEOUS! Morgan Stanley Money Manager Won't Be Prosecuted for Felony

Tweet There’s no reason you should know the name, Martin Joel Erzinger.  He’s a 52 year-old private wealth manager, who manages more than $1 billion for uber-rich clients of Morgan Stanley/Smith Barney in Denver, Colorado. Well, apparently on July 3rd... (Continue reading)

ANOTHER THUMPIN’. And, damn if he doesn’t have me hoping for change again.

ANOTHER THUMPIN’.  And, damn if he doesn’t have me hoping for change again.

Tweet Anyone watching President Obama’s post-midterm press conference yesterday, which I suppose was held in order to show the country that he wasn’t spending the day walking aimlessly around the White House kicking the family dog and yelling at the... (Continue reading)

This country has changed. And it hasn’t. The power of the people remains intact.

This country has changed.  And it hasn't. The power of the people remains intact.

Tweet “The right of representation in the legislature is a right inestimable to the people, and formidable to tyrants only.” Thomas Jefferson: Declaration of Independence, 1776 Yesterday all U.S. citizens over the age of 18 had the right to cast... (Continue reading)

Howie Hubler’s Loan Value Group… Proof That Wall Street Has No Idea What’s Happening on Main Street

Howie Hubler's Loan Value Group... Proof That Wall Street Has No Idea What's Happening on Main Street

Tweet Okay homeowners… want to hear about one of the dumbest ideas I’ve ever heard as related to the housing meltdown?  I mean stupid-on-steroids?  An idea that’s supposed to stop people from walking away from underwater mortgages, brought to Wall... (Continue reading)


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