Posts tagged loan

• Salon: Why Loan Modification Scams are Booming

  Paul Kiesel | September 24, 2009 6:28 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  FYI: Here's a link to a blog I wrote a year ago that portends what's being described in the article below. From Salon.com: During the go-go years of the real estate bubble, shady mortgage brokers...

• Lucrative Fees More Attractive to Loan Servicers than Modifications

  Paul Kiesel | August 04, 2009 4:21 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From The New York Times: This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward...

• L.A. Times: Real Estate Reality

  Paul Kiesel | January 26, 2009 4:35 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From the Los Angeles Times: As lawmakers look for a way out of the recession, it's worth remembering how we got into this mess in the first place. The collapse of the housing market sucked...

• Foreclosure Exposure

  Paul Kiesel | January 23, 2009 7:30 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  What are the foreclosure numbers nationwide? It appears nobody knows the exact numbers, but many fear it's much greater than what's been reported. Below is an article from CNNMoney that discusses...

• WaMu in 2003: Five Years from Now You're Not Going to Call Us a Bank

  Paul Kiesel | January 05, 2009 7:51 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Last week, The New York Times concluded its series titled The Reckoning, a behind-the-scenes expose of several mortgage industry companies, players and employees whose business plans and myopic...

• Bush and the Economy or Beating a Dead Horse

  Paul Kiesel | December 23, 2008 7:20 PM | 2 CommentsLos Angeles, CA Category: Miscellaneous
  

  The New York Times published an article Sunday that broadly examines President Bush's role in our current economic turmoil (how Mr. Bush and his administration held the country's hand and led us...

• Home Loans Past Due or in Foreclosure in California: 1-in-9

  Paul Kiesel | December 05, 2008 5:58 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  The biggest economic news of the day had to be America's economy shedding over 500,000 jobs last month, a number that has not been exceeded in one month in 34 years. However, below are two...

• NYT: Former SEC Lawyer, "Phil Gramm is the Single Most Important Reason for the Current Financial Crisis"

  Paul Kiesel | November 17, 2008 9:06 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  If there's no such thing as bad publicity, why is it that 2008, for former Republican senator Phil Gramm, has been nothing but bad publicity for the man who John McCain once credited with saving his...

• Rep. Barney Frank: No "Free Rides" for People Facing Foreclosures

  Paul Kiesel | November 13, 2008 4:22 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  House Committee on Financial Services Chairman Barney Frank noted yesterday that a bailout program for troubled homeowners is needed to prevent the foreclosure crisis from spinning out of control....

• Downey Savings: We Need a Cash Infusion

  Paul Kiesel | November 12, 2008 8:58 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Downey Savings might be the next bank to require government intervention (i.e. see FDIC IndyMac), as its most recent quarterly filing cites a significant risk that the bank will not be able to raise...