Even though the bill was supported by EVERYONE but the banking lobby, it was rejected 36-30 in the Assembly. Even after it was approved by the state Senate and three Assembly committees. This time… no… but thank you for playing. Nice job, you spineless, worthless, glad-handing, sycophants. Way to throw your constituents under the bus.
I had occasion to respond to an inquiry and after reading it i thought this might help a few people on a number of levels. So here it is: ——– August 20, 2010 by Neil F Garfield HI there!. I received an inquiry that was forwarded to me about your “title review.” Since this has [...]
From Gregg Christoff, who apparently doesn’t like what I have to say and thinks I don’t know what I’m talking about —- Ok, no offense but this Garfield has no clue what he is talking about in this article. Let me tell you how YSP actually work. Typically banks send mortgage originators (lender) rates every [...]
Our press, especially here in the Tampa Bay area is doing an excellent job of reporting issues relating to the foreclosure catastrophe, but there are so many more stories that need to be told. I encourage each of you to make contact with reporters in your area and convince them to do these kind of [...]
EDITOR’S NOTE: I don’t know Brad Miller bradmiller.house.gov but I’m sending him a donation. Gretchen Morgenson says he’s worth getting to know and I am going to do just that. He’s running for re-election in North Carolina, and except for a scant few other members of Congress, he is one of the few that has actually [...]
I am increasingly fielding calls and emails where lenders have kicked down doors, changed locks and terrorized homeowners….all under the premise that they were “securing” or “winterizing” property. The fact that this practice is occurring across this country should be terrifying to every single citizen–whether you are involved in foreclosure or not.
Let me make sure [...]
My goodness, I’ve been doing quite a few radio programs on the foreclosure crisis and loan modifications and the economy lately, have you noticed? I really like doing the radio show thing, it’s a lot easier than writing long, in-depth articles… LOL… just kidding… sort of. Anyway, this is a link to me on Danny Schechter the News Dissector’s show, which is out of New York.
It’s amazing how different it is when you’re the Chairman of the Federal Reserve, as opposed to being the retired Chairman of the Federal Reserve.
WHAT IS ABOUT TO HAPPEN: The appointment of the head of the Bureau of Consumer Financial Protection recently created by the new federal legislation on financial reform. Elizabeth Warren and Mary Schapiro essentially defined the job. Ms. Schapiro is already head of the SEC and is vigorously investigating and prosecuting the mortgage fraud business across [...]
Ms. Warren should unquestionably be asked to head up this new Consumer Financial Protection Bureau, bribed, begged and/or pleaded with, if need be. Without her philosophy and leadership setting the standards and tone of this new bureau as it is established, it should simply be disbanded… we don’t need another federal bureau to let the banks do whatever they’d like to the American consumer. We already have every other federal agency and regulatory body for that.
CHASE now says that their new policy prohibits the postponing of sales, regardless of the reason, if the request to postpone is made within 7 days… or maybe 5 days… or it could be 2 days (depending on who you talk to at CHASE), before the scheduled sale date.
As some of you knew or probably have guessed, livinglies is a lightening rod for information. We have posts like the one below on the comments and emails sent with details that are neither for attribution or publication. In addition, several people in sensitive government positions use livinglies as a method of getting the real [...]
Everyone knows how much I love sarcasm… or at least have come to love sarcasm writing about the foreclosure crisis… and on this article I think I might have taken my sarcasm to such a level that readers, especially those that read quickly, may have missed it. I say this because I received an email from a reader and our conversation back and forth follows.
There’s no point in sugarcoating this… getting a bank or mortgage servicer to agree to modify a mortgage is never a pleasant experience. In fact, it’s pretty much horrible, even when it’s good. You may finish the process with a permanent loan modification, but it’s unlikely that you’ll feel much like celebrating.
The thing about this court decision is that, even if I think the law itself is marginal at best in what it offers, there is now a “private cause of action” attached to it. And that means that homeowners can file lawsuits against their lenders and servicers for noncompliance with the law. And get this… I know at least one California law firm that’s done it several times already, and you’re going to love the results.
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