Linda Almonte Getting Attention from the Other Side of the Fence

We know we’re doing something right when the opposition turns their attention our way.  Remember when the Mortgage Bankers’ Association decided to put together a little presentation for its annual meeting to help its members combat Boot Campers? Apparently, Max isn’t alone in drawing attention from the opposition.  He recently shared this article from InsideARM.com, wherein an InsideARM editor offered …

Credit Card Collections Mirror Foreclosure Fiasco

As the Consumer Financial Protection Bureau (CFPB) rolls out new policies and expands the scope of consumer protections, the legal issues surrounding debt collection and debt buyers are getting an increasing amount of attention from the press.  At the same time, state Attorneys General and other agencies are taking a second look at issues that have long plagued consumers and …

Equal Justice Under the Law

As consumer lawyers, we are trained to believe that our legal system should be fair – equal justice under the law – yes, the same law and the same order for all of us.  But, for those of us in the trenches doing mortgage defense litigation or representing consumers in bankruptcy cases, we all know that there has been one …

Sorry ‘Bout that Wrongful Foreclosure…Here’s $1500

David Dayen at Firedoglake took a look at the latest version of the proposed foreclosure fraud settlement this morning, and (surprise, surprise), it’s still “woefully inadequate”. In a nutshell, those who lost their homes to fraudulent proceedings would get about $1500–about enough to pay a security deposit on a nice place in the midwest or a studio apartment (maybe) in …

Top-Tier California Lawyers Take on Mortgage Servicers

Earlier this week, Mandelman Matters posted an interview with Mark Zanides and Kenneth Gertz, announcing the pair’s plans to sue mortgage servicers on behalf of California homeowners they say were defrauded. These two attorneys, both of whom attended Operation Strike Back in Vegas earlier this year, have impressive backgrounds, and they’ve spent months researching the claims they plan to raise against …

STATEMENT FROM ELIZABETH WARREN ON THE LEADERSHIP OF THE CONSUMER FINANCIAL PROTECTION BUREAU

FOR IMMEDIATE RELEASE: July 17, 2011 CONTACT: CFPB Public Affairs (202) 435-7454 STATEMENT FROM ELIZABETH WARREN ON THE LEADERSHIP OF THE CONSUMER FINANCIAL PROTECTION BUREAU WASHINGTON – Today, Elizabeth Warren issued the following statement in response to the announcement by the White House that President Obama intends to nominate Richard Cordray as the Director of the Consumer Financial Protection Bureau …

Dodd-Frank Delays and New Videos Uploaded

It’s not looking good for Dodd-Frank and its once-promising mandates. Last week, The New York Times reported that the rulemaking process was badly bogged down, with 28 deadlines having been missed.  The article read in part: “There’s an attempt to kill this through delay,” said Michael Greenberger, a law professor at the University of Maryland and a former official at …

Seeing An Old Problem Through New Eyes

Matt Weidner blogged this week about the Texas Law Review article authored by law professor Katherine Porter back in 2008 entitled Misbehavior and Mistake in Bankruptcy Mortgage Claims.  Max offered his own commentary on the study as well. It’s easy for those of us immersed in the mortgage industry shell games on a daily basis to become accustomed to the kind …

U.S. lawyer forms foreclosure resistance movement

An article focusing on Max and his Bankruptcy Boot Camp by Joe Rauch of Reuters. O. Max Gardner III, 65, pioneered techniques in preventing big banks from foreclosing on loans and has taught his methods to 559 other lawyers in the last four years. He teaches a sort of legal jiu jitsu: how to exploit opponents’ large size and disorganization for …