Finance & Law for Not-So-Dummies

Hooray! We have a Mortgage Settlement - $26B worth but who gets help and where does the rest of the money go? NO ONE KNOWS yet, and no one k...

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...

The new Neighborhood Stabilization Act, which was enacted with an Emergency Preamble, became effective, in part, upon signing by Governor Du...

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 ...

"Making Home Affordable", Loan Modifications, Loss Mitigation, " HAMP ", "HARP" "HASP" - all are pro...

In the on-going saga of the Making Home Affordable Program, which spawned HAMP and HARP, no less a giant in news than the New York Times, ca...

It is unfortunate but we must deal with the economics of keeping versus "walking away from" your house. Housing values have fallen...

As we approach the end of the year there are a number if issues we should keep in mind. All are important but at differing levels depending ...

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...

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

Mortgage Modification, as stated in earlier posts, can mean anything from allowing a late payment without a fee attached to it, or reducing ...