Clik here to view.
California Court Rules: MERS Can’t Foreclose, Citibank Can’t Collect
“Any attempt to transfer the beneficial interest of a trust deed without ownership of the underlying note is VOID under California Law.” If you read that sentence and thought… “MERS,” then you’re...
View ArticleClik here to view.
SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending, Can Mean Only 3% Down
Mel Watt, who heads up the Federal Housing Finance Agency, or FHFA, the conservator of mortgage giants Fannie Mae and Freddie Mac, was in Las Vegas this past week speaking at a Mortgage Bankers...
View ArticleClik here to view.
Ohio Foreclosures Accelerate… Now Third Highest in Nation
As of April of this year, foreclosure activity in Ohio had accelerated to the third highest level in the nation, and it’s not just “activity,” we’re talking huge jump in actual sheriff’s sales and...
View ArticleClik here to view.
California Court Rules: MERS Can’t Foreclose, Citibank Can’t Collect
“Any attempt to transfer the beneficial interest of a trust deed without ownership of the underlying note is VOID under California Law.” If you read that sentence and thought… “MERS,” then you’re...
View ArticleClik here to view.
SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending, Can Mean Only 3% Down
Mel Watt, who heads up the Federal Housing Finance Agency, or FHFA, the conservator of mortgage giants Fannie Mae and Freddie Mac, was in Las Vegas this past week speaking at a Mortgage Bankers...
View ArticleClik here to view.
Why Doesn’t Every Realtor in the Country Know About This?
On January 1, 2009 HUD introduced a truly unique new program that makes it much easier for people over 62 years of age to purchase a new residence… but very few people seem to know much if anything...
View ArticleClik here to view.
University Professors Research Reverse Mortgages, Set Record Straight – A...
After 18 months spent researching reverse mortgages, I have come to the conclusion that they are the least understood financial product ever invented. I’ve spoken with roughly 200 seniors, along...
View ArticleClik here to view.
California Court Rules: MERS Can’t Foreclose, Citibank Can’t Collect
“Any attempt to transfer the beneficial interest of a trust deed without ownership of the underlying note is VOID under California Law.” If you read that sentence and thought… “MERS,” then you’re...
View ArticleClik here to view.
SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending, Can Mean Only 3% Down
Mel Watt, who heads up the Federal Housing Finance Agency, or FHFA, the conservator of mortgage giants Fannie Mae and Freddie Mac, was in Las Vegas this past week speaking at a Mortgage Bankers...
View ArticleClik here to view.
HUD Revises the Rules Related to Reverse Mortgages
It was last April, right after the release of President Obama’s 2014 budget, when Assistant Housing Secretary Carol Galante was quoted as saying… “The President’s budget projects that FHA may need a...
View ArticleClik here to view.
Major Media Misinforms, Scares Seniors on Reverse Mortgages
How could anyone do what I’m about to show you is being done to seniors in this country? It’s shocking, deplorable and most of all dishonest journalism causing unconscionable harm to millions of...
View ArticleClik here to view.
Use a Reverse Mortgage to Prevent Foreclosure and to Leave Your Home to the...
According to a report published by the Consumer Financial Protection Bureau (CFPB) in May of 2014, the “Great Recession,” as many are now calling it (and I think is asinine), has “resulted in a number...
View ArticleClik here to view.
IF YOU’RE 62+ AND STILL PAYING A MORTGAGE… Here are 7 Reasons You Can End Up...
I want to be very direct about this: Seniors are at a distinct disadvantage and face serious risks when attempting to pay off mortgages during their retirement years. That’s why by 2011, according to...
View ArticleClik here to view.
California Court Rules: MERS Can’t Foreclose, Citibank Can’t Collect
“Any attempt to transfer the beneficial interest of a trust deed without ownership of the underlying note is VOID under California Law.” If you read that sentence and thought… “MERS,” then you’re...
View ArticleClik here to view.
SAY WATT? Fannie & Freddie Encourages Sub-Prime Lending, Can Mean Only 3% Down
Mel Watt, who heads up the Federal Housing Finance Agency, or FHFA, the conservator of mortgage giants Fannie Mae and Freddie Mac, was in Las Vegas this past week speaking at a Mortgage Bankers...
View ArticleClik here to view.
In Re Walker, Part Deux – March 3rd, 2011, may just be a HUGE day for...
So, when we left our intrepid hero, one Mr. Ricki Walker, back on May 27, 2010, the court had ruled, as I phrased it on Mandelman Matters at the time, that MERS could not foreclose and Citibank could...
View ArticleClik here to view.
FEDS Announce Enforcement Actions Against 14 Servicers, LPS and MERS… Hot...
I have to tell you right up front that I’m damn tired of vacillating regulatory initiatives that produce feeble or even flaccid responses to issues that are unnecessarily destroying the lives of...
View ArticleClik here to view.
GAO Study Published May 5th Discovers Illegal Foreclosures
On May 5, 2011, the Government Accountability Office (“GAO”) released its study of mortgage servicers and foreclosures… I guess now that everyone and their brother-in-law have conducted such a study...
View ArticleClik here to view.
FDIC Chair Sheila Bair Warns Senate Committee about “Millions of Infected...
Of all of the Washington D.C. “players” that I’ve come to know over the last few years, there is no one that I have vacillated about more than FDIC Chair Sheila Bair. There have been times when I...
View ArticleClik here to view.
And the Beat Goes On… Yeah, the Beat Goes On…
You know, both Reuters and AP have reported that even though the mortgage servicers promised to stop the “robo-signing” of documents crucial to the foreclosure process, the banksters have actually...
View Article
