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8 Jun 2012, 10:48 pm by Mandelman
  So, if the borrower’s loan wasn’t on an owner occupied property, or if the borrower’s pre-modification monthly payment was below 31 percent, or positive NPV couldn’t be achieved without excessive forbearance… or if it just came up negative NPV… then Tier 2 is here to potentially save the day. [read post]
8 Jun 2012, 10:48 pm by Mandelman
  So, if the borrower’s loan wasn’t on an owner occupied property, or if the borrower’s pre-modification monthly payment was below 31 percent, or positive NPV couldn’t be achieved without excessive forbearance… or if it just came up negative NPV… then Tier 2 is here to potentially save the day. [read post]
22 May 2012, 7:33 am by admin
Romine, now 26, also works a second job, as a waitress. [read post]
21 May 2012, 6:53 am by Rebecca Tushnet
  The court found that NACA was bringing a false association claim, not a false advertising claim. [read post]
18 Apr 2012, 9:15 am by Mandelman
  So… with the number of defaulting loans continuing to rise each year since 2006, investors have incurred losses that now total well into the trillions. [read post]
2 Apr 2012, 6:15 am by Mandelman
If you’re old enough to remember the first bubble that wiped out your retirement savings, then you’re old enough to remember Leon… he was the Managing Director – of Mergers & Acquisitions at Drexel, Burnham & Lambert… although he didn’t make a stop in federal prison as did Mr. [read post]
8 Mar 2012, 10:20 am by James Hamilton
Second, the bill exempts emerging growth companies from Section 953(b)’s requirement that public companies calculate and disclose the median compensation of all employees compared to the CEO. [read post]
19 Feb 2012, 3:11 am by Mandelman
Dix, 47 U.S.C. 507 (1848) and its progeny; see also Home Building & Loan Association v. [read post]
11 Feb 2012, 11:33 pm by Kent Anderson
  In this setting, a home owner could also remove the lien of a wholly unsecured home equity line of credit (HELOC) or second mortgage. [read post]
6 Feb 2012, 2:45 am by Renee Newman Knake
As a recent Forbes article pointed out, “Even individuals earning $150,000 can achieve savings if they managed to rack up $100,000 or more in federal student loans by attending graduate or professional school. [read post]
24 Jan 2012, 2:48 pm by Simmons & Schiavo
Most appraisers like to go through a house uninterrupted, so don’t follow around too closely and save your questions for the end. [read post]
13 Dec 2011, 11:02 pm by Mandelman
The Community Reinvestment Act only applies to federally chartered banks… NOT mortgage companies and Wall Street investment banks like New Century, Option One, Ameriquest, First Alliance, Lehman Bros., Bear Stearns, Washington Mutual, World Savings, Downey Savings, and the rest of the sub-prime shitheads that made all of the loans he’s talking about. [read post]
18 Nov 2011, 4:59 am
Today’s technology has made evidence against bank robberies, including credit unions and savings and loans associations, much stronger due to several factors: • High-technology security systems • Exploding dye packs located in the money • Locator devices • Marked bills • Silent alarms Charges of bank robbery can damage you and your family’s life in more ways than one. [read post]
14 Nov 2011, 9:06 am by Mandelman
U.S. homeowners lost $680 million in the first half of 2010, but lost $1 trillion in the second half of the year. [read post]
30 Oct 2011, 6:25 am by Mandelman
Second, SB 94 amended B&P 10026 prohibiting real estate professionals from breaking up the services related to a loan modification: 10026. [read post]
22 Oct 2011, 11:56 am
QRM loans are also only available as first-lien mortgages for a purchaser’s primary residence or second-liens for refinancing existing loans. [read post]
15 Oct 2011, 4:43 am by Mandelman
  It’s simple, really… I read Mandelman Matters, and in May of 2010, under the headline “Federal Reserve Bank President Says We’re In For a Long Hard Road Ahead,” I wrote an article that contained the text of a speech given by Sandra Pianalto, President and CEO of the Federal Reserve Bank of Cleveland. [read post]