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House Financial Services Committee: Spending $1610 to Save a Home is Too Much...
HAMP has permanently modified 521,630 mortgages, at a cost of only $840 million, according to the Financial Services Committee Press Release, distributed late on Thursday. That’s roughly $1610 per...
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When Will the Pivotal Nature of the Foreclosure Crisis be Understood
I suppose it’s for any number of reasons, but it’s more than obvious that the foreclosure crisis is still not being recognized as having the impact that it unquestionably has on our economy....
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SB 729 Fails – California Homeowners Get Banked but not Kissed Once Again
California Senate Bill 729 failed to pass in the Senate Banking Committee for the second time in the last two weeks. In a related story, it seems that the rights of chickens have suffered yet another...
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Today’s New… “But, You Didn’t Make Your Payment” Exemption to the Law
I’m not a lawyer, so let’s be very clear about that, but I’m about to tell you how the law has always worked in this country, as far as I have understood it. If you came to repossess my car, then you...
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DOER UPDATE: Patricia Martin v. Wells Fargo – Court Grants Injunction,...
What you’re about to read about should never be allowed to happen in this country, and what is particularly troubling is that Wells Fargo Bank could have very easily prevented it by simply...
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Husband’s Suicide Yesterday, Wells Fargo to Evict Wife Tomorrow Anyway
Just like the last VICTIM OF WELLS FARGO I wrote about, Wells Fargo claimed that Norman and Oriane Rousseau had missed a mortgage payment. But the payment HAD been made in person at a Wells Fargo...
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Wells Fargo gives $22,000 to Suicide Hotline… A gift the bank can use too.
It all started when I saw that this past February, Wells Fargo had donated $22,000 to establish a suicide prevention hotline in Idaho, apparently the state with the fourth highest suicide rate in the...
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We’re Just Not Going to Fix the Foreclosure Crisis in Court
A couple of years ago (and quite a few times since then), I wrote an article saying that we were not going to win this battle to help homeowners at risk of foreclosure in the courts. I pointed out...
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Colorado Failing… Foreclosures By Wink, Nod or Text Message
Welcome to Colorado… You won’t believe how badly they FAILED in this state, to change an obviously corrupt law into something with a modicum of common sense. I had some fun with it, so it should be...
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GLASKI WINS! California Court of Appeal Ruling a Landmark for Homeowners… Maybe.
Hello, all… thanks for coming. If you’re from out-of-state… Welcome to California… “The Hardest Hit of the Hardest Hit States!” We’re thinking of having that line put on our license plates out here,...
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GLASKI TAKES A HIT: California Court Rejects Reasoning in Glaski Decision
Glaski v. Bank of America, N.A., 218 Cal. App. 4th 1079 (July 31, 2013), the decision was widely referred to as a “landmark.” In Glaski the California Court of Appeal held that Mr. Glaski would be...
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GUEST POST: Don’t Be Concerned Martin Is Dead Wrong, by Michael Pines
So, this morning I posted an article about the Glaski decision, which I first wrote about just after it became a “published decision” last August. In my article this morning I wrote about the Glaski...
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House Financial Services Committee: Spending $1610 to Save a Home is Too Much...
HAMP has permanently modified 521,630 mortgages, at a cost of only $840 million, according to the Financial Services Committee Press Release, distributed late on Thursday. That’s roughly $1610 per...
View ArticleClik here to view.
When Will the Pivotal Nature of the Foreclosure Crisis be Understood
I suppose it’s for any number of reasons, but it’s more than obvious that the foreclosure crisis is still not being recognized as having the impact that it unquestionably has on our economy....
View ArticleClik here to view.
Four Million Homes Rise Above Water in Q4… Does anyone realize how stupid a...
Okay, look… there’s stupid and then there’s really stupid… and then beyond that I suppose you reach the point of turn-away-out-of-embarrassment-stupid. And that’s what we deteriorated into at the end...
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THANK YOU RUSH LIMBAUGH! Rush Says Republicans Won’t Work With Black President.
Remember when Barack Obama was running against Hillary Clinton for president in 2008? Remember the question that was on everyone’s mind: Was America “ready” for an African American president? To...
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Effectiveness of Government Plan to Create Foreclosures to Increase as Rates...
The government’s plan to increase the number of homeowners unable to make their mortgage payments in order to boost the number of foreclosures is about to start working more effectively, as tens of...
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Is Eminent Domain for Underwater Loans Good for Homeowners? A Mandelman...
This is PART 5 of my 5 PART SERIES with Professor Robert Hockett of Cornell University Law School, the man who wrote the plan to use eminent domain to take over underwater loans and write them down...
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8 Powerful Reasons Why NOW is a GREAT Time to BUY a Home
Obviously I’ve written a great deal about how our housing markets today aren’t performing all that well… and that the way we as a nation have been handling things since the meltdown of 2008, they...
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Dave Dayen Does Great Job Describing “Government Cowardice” and Donovan’s...
What a nice way to wake up the other morning… David Dayen, who describes himself as “a lapsed blogger, now a freelance writer,” writing on Naked Capitalism, did a brilliant job covering the most...
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