1) Today I lost a summary judgment hearing. I’ve got to tell you I’m sickened, not just for the sense of loss I feel, but more importantly for what I view as a real problem in the courtroom. My arguments were well founded and so were the dozens of other attorneys I saw in the [...]
Editor’s Note: The simple reasons for the failure of the Federal program are not just that they lack clearly defined goals; they lack clearly defined understanding of the problems of title and appraisal fraud. Homeowners are sitting with property that is (a) hopelessly underwater (b) with hopelessly clouded title and (c) hopelessly engaged in mandated [...]
Perhaps most notably, but least mentioned, the bill requires the credit rating agencies, Moody’s, Fitch, and Standard & Poors, to not only be more transparent, but also potentially liable for issuing “bad ratings” on bonds. The role of the bond market and the credit rating agencies in the financial meltdown is not widely understood, I’m aware, but it’s nice to know that Congress is aware, and this is evidence that that’s the case.
It doesn’t happen every day… far from it, perhaps… but, once in a great while you see something that really means something… something that you are unlikely to ever forget. This video is one of those types of things. Watch it.
by Jacob Goldstein 3-signs-housing-s-getting-weaker?sc=nl&cc=pmb-20100622 After bottoming out in the first half of ’09, the housing market made something of a comeback late last year. The comeback was stoked in part by public subsidies for the housing market. Now, key pieces of those subsidies are winding down — namely, the Fed’s purchase of more than $1 [...]
submitted by Abby 2010/06/17 at 2:25 pm FROM CALIFORNIA ATTY. GENERAL BROWN re: short sales News Release June 17, 2010 For Immediate Release Contact: (510) 622-4500 Contact: Christine Gasparac or Evan Westrup, (510) 622-4500 Christine.Gasparac@doj.ca.gov or Evan.Westrup@doj.ca.gov Print Version Brown Issues Warning about Rise of Short Sale Fraud LOS ANGELES – Attorney General Edmund G. [...]
If the government guarantee was waived in whole or in part, which I am sure is the case, then the rationale for non-dischargeability disappears. So I am suggesting that the assumption that the student loan is non-dischargeable should be challenged based upon the individual facts of your student loan. If it was securitized and it [...]
It’s Mandelman on The Real Estate Guys radio show! Yay! It’s sort of like Click & Clack, those brothers that do the Car Talk show on NPR on weekends. You think it’s going to be dull, but then it’s not.
April 16, 2010 Editorial NY Times Fighting Foreclosures From the start, the central concern about President Obama’s antiforeclosure effort has been that it would postpone foreclosures but ultimately not prevent enough to ease the economic strain from mass defaults. That concern seems increasingly justified. In the first quarter of 2010, there were 930,000 foreclosure filings [...]
The Obama administration unveiled Monday $600 million in financial aid for five more states with high unemployment that have been slammed by the housing bust.
United States Department of the Treasury – United States – Business – Student financial aid – Treasury Department
This Washington Post headline yesterday is all you need to know about how corrupt the process has become to pass ObamaCare by any means necessary this week: “House may try to pass Senate health-care bill without voting on it.”
Doesn’t anyone see that if “financial services” accounts for 40% of our GDP that it means we are kidding ourselves? THAT only means we are trading from the left pocket into the right pocket into the back pocket and around again — and counting it as GDP. Our real GDP is far lower than anything [...]
“I don’t sleep at night, I don’t sleep at all,” he said, rising slowly. “I tell Maria, ‘If we lose the house, I want to stop my dialysis.’ I want to die, honestly.”
Editor’s Note: The sad simple truth is that there are few options besides fighting this out in the courts. The simple concept that [...]
Well, we all knew it would eventually happen but geez, the poor kids! This guy simply can’t get it together! This time, his poor kids and Michelle were affected by the home teleprompter mishap.
After a slow start, the Obama administration’s mortgage relief program has reached one in five eligible homeowners, a government report says.
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