August 2007

It’s been all over the news and I’m sure everyone has been talking about President Bush’s speech today. He laid out plans for aid and laid the foundation for the FHA Secure Loan that will be rolled out to approximately 80,000 homeowners shortly. [...]

I wanted to let my readers know that the foreclosure prevention services forum is up and going strong at www.LoanModification.org. I have helped many people and am still assiting borrowers for “FREE” who need help with a loan modification to [...]

We are now in the midst of one of the biggest cluster f*%! that this great country has ever been entangled in. Wall Street movers and shakers are practicing their “everything will be alright” smiles to mask their frightened reality and [...]

Senator  Charles Schumer sent a letter to the large accounting firms, asking them to educate lenders about the newly understood flexibility of FAS 140 in regards to the loan modification issues and concerns lenders and servicers have expressed to the SEC.  This [...]

This going back and forth is getting old. Everyone and their mother has views about what went wrong with lenders, the mortgage market and the current housing crisis. Yes, I am guilty too. I have been playing in the mud with fellow [...]

A Washington Post article came out today and arrived in my email inbox this morning. It caught my eye because of the title, “Why We Need a Housing Rescue“, by William H. Gross. The writer is founder and chief investment officer [...]

If not then you should check out my new forum that’s up and running at LoanSafe.org. A free forum for people facing foreclosure and for non-profit to post information and communicate amongst each other. Get FREE foreclosure help    loan modification     [...]

There seems to be so much confusion between Wall Street, the SEC, congress, media, non-profits and homeowners lately in regards to loan workouts and loan modifications. It appears that there is absolutely no clear and concise rule or procedures on how these can be [...]

I would say that 90% of the calls and emails that I receive are from people that are having trouble in dealing with Countrywide’s HOPE Department. All I can say is that I understand exactly where they are coming from. [...]

We are in the midst of one the biggest business model failures in our nation’s history. The snake oil subprime business was great over the last few years and up until about 6 months ago, you could find this cure all [...]

Ben Bernake, the Federal Reserve Chairman cut 50 basis points (one-half a percentage point) off of its discount rate — the rate it charges banks to borrow federal funds — from 6.25 percent down to 5.75 percent. The Fed has [...]

I just read an article from Paul Krugman of the New York Times and I wanted to share it with my readers. I track all the news coming out daily in regards to the mortgage and housing crisis. Daily, all [...]

Ken Rosen of Rosen Consulting, hedge fund manager and real estate expert was recently on Market Watch and the title of the video clip was “Time for Loan Mitigation.” (You can click on the link to the left to view it) Mr. [...]

Predatory lending will be the new buzz word along with loan modifications over the next few years as more and more homeowners realise the laws that protect them. So I wanted to touch on what you can do to stop [...]

I just wanted to keep my stop foreclosure forum in front of people. If you are a homeowner that is late on their mortgage, need a loan modification, loan workout, repayment plan, short sale or anything, then just visit my [...]

Back in June the American Securitization Forum (ASF) issued a statement of principles, recommendations and guidelines for the modification of subprime residential mortgage loans that are included in a securitization. This statement was put in place to help guide servicers and to [...]

The following is the unofficial transcript of a CNBC exclusive interview with Countrywide CEO Angelo Mozilo on CNBC’s “The Call”  from early 2007. All references must be sourced to CNBC. In an exclusive interview with CNBC’s Maria Bartiromo, Countrywide CEO [...]

As I sit in my home over looking the hills of Corona, California, I ponder as I think about the suits on Wall Street.  Do they know that there is a solution to this mortgage crisis and if everyone would just [...]

If you can’t refinance and your ARM mortgage is adjusting or about to and you can’t afford the new payments then it’s time to apply for a loan modification. Especially if you want to avoid foreclosure. Many people are unaware [...]

My new forum at www.LoanModification.org/forum was set up over the weekend and I people are starting to join the community and share their stories. The forum’s concept is to have a safe place/community that the American people can go to [...]

I would like to apologize to my readers that tried to register at my new forum at www.LoanModification.org/forum. Apparently I had the new registrant mode turned off so no one could sign up. I relieved a few emails alerting me [...]

I announced earlier that I just started a forum at www.savingthedream.org/forum to help people stop foreclosure. I also have mentioned that I am offering my services as an expert negotiator for FREE. All I ask is that you join my forum [...]

I have finally started my new website at www.LoanSafe.org. (NOW www.SavingtheDream.org) It will be a free forum for homeowners to get legitimate and safe tips to stop foreclosure. The website is built around “PAYING IT FORWARD“. It’s in it’s infancy [...]

Don’t think for one second that predatory lending just affects lower income and minority borrowers. It affects everyone and no one is immune from the scammers and fraudsters. Even an industry professional who is an account executive for Chase Bank [...]

I have been following the foreclosure crisis very carefully. It’s a full time job for me now. Researching, writing and developing websites for my various projects. I probably read up to 50 plus articles per day trying to find the [...]

I have been writing a lot about the phone calls I have been getting. I think it’s because I actually like to talk to people and counsel them and maybe give them some free foreclosure help advice on how to obtain [...]

There seems to be a misconception that predatory lending only touches the lower income and minority communities of America. I’m here to tell you that it touches everyone and anyone can become a victim. It doesn’t matter if you have a [...]

Just received a call from Mariana from Illinois and she is trying to avoid foreclosure and save her home. She needed help and she has been getting the run around from Option One mortgage since April. She was concerned because [...]

Operating this blog has given me the opportunity to reach out to people everywhere and it feels good to hear from people who take the time and trust me enough to ask for advice. As you can tell this blog [...]