This video crossed my radar today and left me at least feeling vindicated that what I am seeing in the world of the ongoing ‘mortgage crisis’ and foreclosure melt down is really what is happening, not just to the families and people I know and work with but across the board…
And it’s good to know [...]

Continue reading about FDIC Loss Share: One West Making Profits as Homeowners & Taxpayers Pay the Price of Banking Profits Again

In this Feb 2nd piece, Nathan Martin provides all the facts and figures to explain exactly what the real numbers are and what the mathematical plague is that has arleady turned all of us into mathematical Zombies.
Tuesday, February 2, 2010

Zombie Nation – The Rise of the Mathematical Plague…
Zombie.
Dead, yet still walking.
Soul long since [...]

Continue reading about Zombie Nation - Nathan’s Economic Edge - We are all Infected with the Mathematical Plague

This latest article from CNN Money makes it very clear that the lenders are not letting people off the hook when the house goes to foreclosure OR short sales. Homeowners who have lost their homes since the current mortgage crisis began are now finding themselves the target of collections companies and lenders pursuing deficiencies [...]

Continue reading about Lenders Pursuing Deficiencies Against Homeowners Even Well After Foreclosure

Reading articles on the state of real estate markets, banking, credit and lending is not much fun…
Trying to figure out what is going to happen next in the market? Not easy!
Knowing what game is afoot adn what to expect next? Sometimes seems near to impossible.
But heck, if you’re trying to have a handle on any [...]

Continue reading about Max Keiser & Stacy Herbert: Outrageous? Definitely! Radical? Absolutely! Hitting the Nail on the Head? Every Time! Entertaining, Amusing and a Total Kick? YOU BETCHA!

15 January 2010
This piece showed up on Jesse’s Cafe’ as well as Mish Shedlock’s blog Friday the 15th of January - and frankly we are thrilled to see that this practice, which we have encountered ourselves MANY times in the process of completing a successful short sale is finally getting some attention.  Kudos to [...]

Continue reading about Story Breaks On Big Banks Demanding “Off Book” Cash Payments from Howmeowners to Avioid Foreclosure

HUD announced on Friday January 15th that they are instituting a 1 year waiver of the 90 day seasoning rule for FHA funding of properies.
Here is the Press Release from the HUD Website:
HUD No. 10-011
Lemar Wooley
(202) 708-0685
FOR RELEASE Friday January 15, 2010
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help [...]

Continue reading about FHA Waiver of 90 Day Seasoning Requirement A/O Feb 1, 2010

Today the Huffington Post came out with a great article to encourage Americans to take action - non partisan, populist action - and put their money into small community banks and get it out of the Too Big To Fail Bailed Out Bully Banks -
Read the article here: Move Your Money - A New Years [...]

Continue reading about Move Your Money - Who’s Robbing Who? Two Stories You Cannot Afford to Miss - Literally.

Just days after JP Morgan announced it was “returning” five high rise buildings to the lender in San Francisco - in what JP Morgan said was “not a foreclosure or default action” - HUD is telling homeowners they will be locked out of new FHA loans if they pursue a short sale on their underwater [...]

Continue reading about The Message is Clear: JP Morgan Can “Give Back” Their Underwater Properties But Homewoners Must Pay

This article from the Washington Post puts it pretty much on the table.
Somehow, it seems most Americans have not yet figured out they are the turkey at the table this year-  From fighting to save a FICO score (we won’t even go into the ramifications of a private credit bureau  owning your score) to the [...]

Continue reading about Wrap Your Head Around The Current Eco-Political Climate

THE JURY IS IN: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever

Wasn’t it fun this past weekend to read and hear the flurry of teaser stories that were all over the news media about how the Obama Administration was going to take some new type of very [...]

Continue reading about Mandelman Matters - at least One Person in America is Calling it as it Really IS in the World of the Fake Loan Mod