Finance & Law for Not-So-Dummies

In late March, there was an analysis and recommendations in the American Banker which comprised the most succinct commentary on the current ...

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...

The Wall Street Journal in its February 5-6, 2011 edition had an article by David Benoit, entitled "BofA Sets Mortgage Cleanup Unit...

Rep Randy Neugebauer, Chairman, House Financial Services Oversight Subcommittee, said it is time for the government to admit its foreclosure...

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

As a solo practitioner I must acknowledge my work limitations; I cannot compete against the 40th floor Boston or other big-city law firms. ...

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...

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

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...

(THIS IS A RE-POSTING FROM AUGUST 12, 2009) Bankruptcy is a good option if you are facing foreclosure and cannot get the lender to accept re...

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 ...

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 ...

In a report released by the "Making Homes Affordable Program", only 9% of those mortgages eligible (estimated) for a modification ...

THIS IS A RE-POSTING OF THE MARCH 18TH ENTRY DUE TO THE RECENT SENATE VOTE The United States Senate has referred the one bill, S. 61, that c...

The last post entailed a discussion of the President's basic loan modification plan to help 1 in 9 homeowners. The plan is comprehensive...

We finally have the basics of the Mortgage Bailout for Homeowners -at least for some homeowners. The Administration crafted a plan, touted i...

Below is a letter I have written to the U.S. Congressman from my district, outlining the reasons I believe that the measure being taken up b...