Max Gardner’s Rules for the Examination Of The Electronic Document Custodian

State your full name and current position. Provide us with your definition of a document custodian. What is your exact job title? What are your responsibilities? Where are you employed? Where does your company store original documents? How are they stored? If you outsource this storage, who is the outsource provider? How do you confirm delivery to the outsource provider? …

Bank Failures: A Decade of Decline

Here is a great graphic from mint.com that caught our eye. Budget Planner – Mint.com Georgia has the most bank failures, despite the fact that it is only the ninth most populous state. For an explanation, see this article from last year in USA Today.

HAMP. IT’S A REAL CLASS ACTion

This is a guest post by Martin Andelman of Mandelman Matters which also appears on his blog. Well, it looks like the day has finally come, and the world finally feels like it might someday soon make sense once again. The banks are finally going on trial over their handling of HAMP loan modifications. Here’s a trial I’d like to …

The Alphabet Problem and the Pooling and Servicing Agreement

The Pooling and Servicing Agreement (PSA) is the document that actually creates a residential mortgage backed securitized trust and establishes the obligations and authority of the Master Servicer and the Primary Servicer. The PSA also establishes that mandatory rules and procedures for the sales and transfers of the mortgages and mortgage notes from the originators to the Trust. It is …

Dealing with Abusive Debt Collectors

The following is a guest post by Bankruptcy Boot Camp Graduate Brian T. Canupp. The present status of the economy is forcing consumers to make tough decisions about how to spend the money they have in hand. Households throughout the nation have fewer dollars to spend due to increases in the costs of daily living, (food, gas, health insurance, medicine). …

The Great Unwind and the Final Redemption

The “great unwind” is now upon us and is picking up reverse speed every day. And, the unwind is going to be deflationary. Prices and salaries will decline, jobs will become more scarce, and debt will continue to increase. When debt exceeds a certain level it becomes a cancer on society. Easy credit fuels speculation which triggers bubbles. These bubbles lead to a temporary lift in apparent wealth, which increases economic activity beyond its sustainable level. But eventually more and more debt triggers economic decline with the inevitable glut of goods produced by an overheated economy. What people are discovering too late is that their debt is not repayable. Not now, not in the future, not ever.