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I love to find people who can provide good, accurate coverage and blend in a little humor-Martin Andelman is that guy.
Quickly becoming the obvious loan modification expert in my RSS reader this guy is on top of every little movement in loan modifications and he’s funny…even by his own admission!
So, I wanted to quickly point you to one of his monthly roll-ups. He calls it his Museletter.
Focusing the microscope in the government’s own loan modification programs “harboring” scammers:
“Charging advance fees for loan modifications… Telling homeowners to stop making payments because they must be in default to be eligible for a loan modification…. Starting foreclosure proceedings even while a homeowner is under consideration for a loan modification.”
“What’s this? They must be talking about some scammer loan modification company, right?”
“WRONG! But thank you for playing…”
“Those are the charges leveled in Congress last week against MORTGAGE SERVICERS that have signed on to participate in President Obama’s HAMP program, administered by Treasury, whose lofty goal is to modify millions of mortgages for struggling American homeowners. I, on the other hand, want to be 6’8″.”
Here is another one of my favorites…Andelman takes a shot at everyones favorite mortgage meltdown whipping boy-Rep. Barney Frank:
“A senior House Democrat threatened banks Wednesday saying that if they don’t volunteer to save more homeowners from foreclosure, Congress is going to make them. In a sternly worded statement, Rep. Barney Frank (D-MA) said that Congress isn’t afraid to revive legislation that would permit bankruptcy judges to write down a person’s mortgage.”
“In response, banks in Massachusetts on Thursday foreclosed on an extra 3,000 homes in Frank’s congressional district, causing a crowd of newly homeless families to burn Frank in effigy in the town square. (Kidding, kidding… I’m a kidder… I kid.)”
Check him out-he’s funny-he’ll even tell you that.
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- Frank Threatens Banks: We Will Make You Stop Foreclosures (huffingtonpost.com)
- Principal Writedowns Make for Better Loan Modifications–But Nobody Does it (usnews.com)
- Mortgage Delinquencies Hit Record High (abcnews.go.com)
- Mortgage Modification Efforts So Far: 5 Things You Need to Know (usnews.com)
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http://mandelman.ml-implode.com/2009/04/today’s-weather-in-india-low-80’s-with-32-humidity…-not-a-cloud-in-the-sky…-in-case-you’re-interested/
Sometimes I write them just for me. And now you too! Can’t thank you enough for the glowing review. Thanks for the glowing review! Dad loves his