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ACORN Asks HAMP Servicers to Forgive Principal

“The Association of Community Organizations for Reform Now (ACORN), in response to the Treasury announcement, calls for a full stop to foreclosure on any HAMP-eligible property, whether the borrower is...

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Tax Impact of Principal Reduction

With the Obama administration and private lenders actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued an...

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A Conversation Between MANDELMAN and a Reader About New $1 Billion Fund For...

The other day, I posted an article about how a deal had been negotiated in Congress that would make available $1 billion in federal bridge loans for homeowners who, due to unemployment or illness, are...

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Tea partier to McCain: You ready to apologize for that “hobbit” comment or what?

Maverick. The inevitable follow-up to McCain’s unexpected detour into the Shire on the Senate floor a few weeks ago. If you’re watching this because you think it’ll be funny to see McCain get peevish...

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Action Alert | Stop The Florida Foreclosure Fraud Forgiveness Act of 2012

The Florida Fair Foreclosure Act If this bill passes, there will be no more defense of foreclosure in Florida. I could just feel that something like this was brewing and that’s a big part of the reason...

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Sorry Suckers! | FHFA Releases Analysis that Excludes Principal Forgiveness...

“Being underwater does not imply that a borrower lacks the ability or the desire to make good on one’s financial obligation, nor does it relieve a household from that responsibility.” ~ FHFA Releases...

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Quotes of the day

Kick him in the jimmy “I can understand how I confused people with the way I worded the joke and their taking offense is very understandable. To all those who took my joke as [a] modern-day approach,...

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Video: Top U.S. commander in Afghanistan apologizes for Koran-burning

“I assure you, I promise you, this was not intentional in any way.” Is this S.O.P.? There’s been plenty of cultural friction in Afghanistan over the past decade but offhand I can’t recall a U.S....

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DeMarco Responds to Representatives Cummings and Tierney RE Principal...

FHFA Responds to Representatives Cummings and Tierney Washington, DC – Federal Housing Finance Agency Acting Director Edward J. DeMarco today responded to a May 1 letter from Representatives Elijah...

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OccupyOurHomes.org | A New Tool for Homeowners

A New Tool for Homeowners With the support of the Occupy Our Homes movement, hundreds of people across America have taken a stand and demanded their bank negotiate to keep them in their home. These...

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Cummings |“Incomprehensible” that DeMarco Would Throw Away Up to $1 Billion...

Cummings: “Incomprehensible” that DeMarco Would Throw Away Up to $1 Billion in Potential Savings for U.S. Taxpayers Washington, DC (July 31, 2012)—Rep. Elijah E. Cummings, Ranking Member of the House...

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Call to Action | Please help us (The Yeagers) stop our eviction! scheduled...

Call to Action!!!…Please help us (The Yeagers) stop our eviction! scheduled for Aug3,2012 A “Call to Action” is being requested of you. Please.help by calling the numbers listed below and telling them...

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Neil Barofsky | DeMarco v. Geithner – Tim Geithner’s Principal Hypocrisy

Tim Geithner’s principal hypocrisy Last week the acting director of the Federal Housing Finance Agency, Ed DeMarco, made a familiar argument. He announced that he would not approve the Obama...

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Video: Akin’s new mea maxima culpa TV spot

“The mistake I made was in the words I said, not in the heart I hold. I ask for your forgiveness.” Can Todd Akin hang onto his Republican nomination for the US Senate after a disastrous interview over...

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