WWJD? | What Would Jesus Do with Bankers?
Anthony Freda/Daniel Zollinger What Would Jesus – Or the Rabbis of Old – Do? Preface: If you are an atheist and believe that religion is crazy, please remember that some 85% of the American population...
View ArticleThe Unrepentant and Unreformed Bankers
The Unrepentant and Unreformed Bankers Money laundering. Price fixing. Bid rigging. Securities fraud. Talking about the mob? No, unfortunately. Wall Street. These days, the business sections of...
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The Better Business Bureau, the State Bar, Loan Mods & Lawyers in California
For going on three years now I’ve watched the State of California more so than any other engage in a debate over loan modifications and lawyers, the key questions being: do you need one, should you...
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Foreclosure crisis now includes “Irresponsible Churches”
According real estate information company CoStar Group, as of March of this year, 270 churches have been sold after defaulting on their loans. In 2011 alone, banks sold off 138 churches, and that...
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What’s wrong with your loan? Jay Patterson on a Mandelman Matters Podcast
Certified Fraud Examiner and forensic accounting epert, Jay Patterson, a member of the faculty at Max Gardner’s Boot Camp training programs for lawyers. In that photo above, Max is all the way on...
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California Foreclosure Laws Need Homeowner Bill of Rights
My regular readers will likely remember past articles in which I stated that we would not win this battle over foreclosures by fighting individually in the courts. I’ve stated on numerous occasions...
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What is Strategic Default? A Moral Dilemma?
Lately, the question is: what is a strategic defaults, or as the mortgage banking industry would call them “ruthless defaults”. These are foreclosures that happen on purpose. People find themselves...
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How to Strategic Default? Ask the MBA.
If you want to know how to strategic default, ask the MBA… Mortgage Banking Association. The CEO of the powerful Mortgage Bankers Association, John Courson, has said that underwater borrowers should...
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“Tim, could you get the door?” “Sure, honey… are we expecting company?” “Not...
As many as 1,000 surprise guests visited the Bethesda home of Treasury Secretary Timothy Geithner on Sunday around 5:00 PM. They sang, they prayed and they tried to deliver a letter to Mr....
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What the Fed Chief is Thinking…
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...
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OBLABLA or MITTENS for President in 2012? Here’s how I’m going to choose…
I’ve been giving a great deal of thought to how I’m going to decide whether to vote for OBLABLA or MITTENS this coming November and I believe I’ve finally come up with a plan that will work for...
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My Financial Recovery Plan for the Middle Class: Whistle While You Work
So, we all should know the deal by now, right? It’s over… and we lost. That’s right… you heard me correctly… I’m calling our Faux Recovery Game early, so if you want to get out before the traffic, do...
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In the Words of Goldman Sachs CEO, Lord Blankcheck…
The lyrics just below are to be sung to “On the Street Where You Live,” from the musical, “My Fair Lady,” which starred Rex Harrison and Audry Hepburn playing the role of Eliza Doolittle. However, if...
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Mandelman made $454,000 in 1 year as student loan debt collector?
No, it’s not me. And shame on you for thinking that even for a moment. I’m Martin Andelman, remember? My blog is named Mandelman Matters because when I first started blogging in 2008 on MSNBC’s...
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Just Another Wells Fargo Tale. Mr. Stumpf, With All Due Respect…
Today, I heard from a woman who lives in Carmichael, California, and wouldn’t you know it, her mortgage is being serviced by Wells Fargo Bank. Her husband has been battling cancer, started to...
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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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Elizabeth Warren Asks Netroots Nation a Question. Problem is, I think the...
So, I guess a couple of weeks ago, Elizabeth Warren was a speaker at Netroots Nation, which I believe someone said was held in Rhode Island this year. I don’t really know what Netroots Nation is, but...
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FTC Shuts Down Forensic Audit Scam that claims: 95% of mortgages may be...
Just a few days ago, the FTC sent out the press release shown in its entirety below. They shut down a forensic loan audit scam in Los Angeles. Now, this is one of those stories that makes you...
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How Do You Take Your Catastrophe? Um, just a little at a time, please… with...
We really are, in large part anyway, a nation of petty, self-absorbed, badly behaved children, have you noticed that? And that’s exactly how our elected officials treat us. For the last couple of...
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California State Bar Court Lacks Fundamental Knowledge of Loan Modifications
When it comes to the subject of getting one’s mortgage modified, very few actual “experts” exist. This undoubtedly seems an unlikely truth to many people, which only serves to further illustrate...
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Two Weeks in the Life of Mandelman Matters
Lately it has occurred to me that no one really has any idea what I do with my days… and way too many nights. I know that people read the articles I write, or maybe listen to a podcast I produce, but...
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Loan Modifications Stop Foreclosures, Study Shows. DOER ALERT!
The Center for Responsible Lending (“CRL”), a nonprofit, non-partisan organization that works to stop foreclosure during this housing crisis and protect homeownership and family wealth, in it’s June...
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Chase? Hello? Mr. Dimon? Are You Really Going to Do This to a Single Mom in...
Life on this planet can be absolutely wonderful. And right across the street it can seem to be unbearably hard. I’m always amazed when I meet someone living a life that I could never imagine...
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LBO AMERICA with Catherine Austin Fitts, A Mandelman Matters Podcast
Catherine Austin Fitts has perspective on the housing and mortgage meltdown like no other. Under President George Herbert Walker Bush, she was Assistant Secretary of Housing and Federal Housing...
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Republican Filibuster Discloses that GOP Opposes DISCLOSURE
On Monday evening, Senate Republicans filibustered to kill S.3369, the DISCLOSE Act… “A bill to amend the Federal Election Campaign Act of 1971 to provide for additional disclosure requirements for...
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Understanding Elite Fraud and the Mortgage Meltdown with William K. Black – A...
If you know anything about the Savings & Loan crisis, then you know William K. Black. If you remember the “Keating Five,” then you know William K. Black. If you’ve watched anything on television...
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How’s the View from Where You’re Sitting?
So, I was wondering… how’s the view from where you’re sitting these days. Is it just me… because I keep hearing a loud flushing sound coming from all over the place? Anyway, as I was scanning the...
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GAO Study Finds OCC Foreclosure Review too Hard for Us to Understand
Apparently, the Government Accountability Office (“GAO”) has been studying the possible reasons why so few victims of foreclosure in 2009 and 2010 chose to submit their cases for review by the Office...
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