Finance & Law for Not-So-Dummies

As the details of the Mortgage Settlement Agreement, the deal between 49 of 50 states and the U.S. on one side, and BanK of America, Wells F...

Whether CA and NY join is anticlimactic. The quibbling over the amount of the settlement was foolish. $17B or $25B has never been the issue....

My mortgage modification clients often ask about the class actions or Attorney Generals actions against mortgage companies, lenders, and ser...

There were two "complimentary" articles yesterday - one in American Banker, entitled " MBS Trustees Push JPMorgan Chase for ...

In his article, in the Tuesday November 15 th edition of the New York Times, about foreclosures, David Streitfield discloses the Banking/M...

This posting's title, with apologies to Carly Simon who wrote and sung Billboard's 72nd most popular song ever, is appropriate if an...

There has been movement in some state courts to shore-up the failure of the legislation enacting the Making Home Affordable program initiat...

The first step in reversing a foreclosure is to prevent it in the first place. Makes no sense but it is true. Very few people (almost none) ...

There is no way to maintain this BLOG as frequently as would be liked because FORECLOSURES ARE NOT DECREASING! We are saving at least one (...

Has anybody stopped to look at real people , and not just to discuss economic theory. The theory states that a "recession occurs when ...

The answer to the title question is a qualified MAYBE! (Obfuscate: to muddy the waters so no one has a clue about the real answer or even th...

"How Many Clients Does It Take To Change A Light Bulb ?" is the name of a small but funny (to a lawyer anyway) book by a fellow at...

The Obama administration's Making Home Affordable program, you know the one to stop foreclosures on millions of homes, is missing the ma...

Countrywide, now part of Bank of America was one of the major lenders to sub-prime borrowers (that only means a credit score below 680 (or 6...

As a follow-up to the last post, several important matters: 1. If you have submitted the application for a loan modification under the ...