http://kevinandfred.com/power-hour/martin-andelman/
Martin Andelman makes his first visit to shortsalepowerhour.com. He's a great source for the truth about banks, politics, and other stuff. check out his blog for an interesting perspective. To check out Martin’s blog and that Texas Lawsuit report, click here.
Another gem uncovered by Martin Andelman.
The CEO of the rich and powerful Mortgage Bankers Association (MBA), John Courson, went on the record saying that homeowners “should not walk away from lawful debts.” Then he added: “What about the message they will send to their family and their kids and their friends?”
But wait… Mr. Courson has a double standard as reported by Martin Andelman on his blog Mandelman Matters.
This past week, the Co-Star Group, Inc., indicated that it had agreed to buy the MBA’s 10-story headquarters building in DC for $41.3 million. The only problem is that $41.3 million comes up a skosh shy of the $75 million first mortgage on the building that the MBA took out from PNC Financial Group way back in 2007, when...
Kevin Kauffman and Fred Weaver react to a great article by Martin Mandelman. Strategic Default isn’t wrong - big business does it all the time.
Read Mr. Mandelman’s article right now! Here is a just a taste.
The core message in his article [talking about and article written by: Donald Bisenius, Executive Vice President in charge of Freddie Mac’s Single Family Credit Guarantee Business], titled “A Perspective on Strategic Defaults,” as described in the Wall Street Journal, is “Please Don’t Do It,” and after reading it on Freddie Mac’s Website just this morning… Yowza! Now, I’m head over heels in love with the idea of strategically defaulting! Thanks Donald!