Blog Posts in February, 2009

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  • California 90-day Foreclosure Moratorium
    California 90-day Foreclosure Moratorium

    On February 20, 2009, the Governor signed Senate Bill SBX2 7 , which puts an additional 90-day hold on foreclosures to allow for loan modifications. In cases where the lender is not willing to do a ...

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  • Recipe for Disaster: The Formula That Killed Wall Street
    Recipe for Disaster: The Formula That Killed Wall Street

    This is a fascinating article about a formula used for measuring risk on collateralized debt obligations and credit default swaps and how the misuse of that formula led to many of the problems we are ...

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  • Mortgage Modification Bill–How do I Prepare?
    Mortgage Modification Bill–How do I Prepare?

    I get this question all the time: How can I take advantage of the mortgage modification bill going through Congres right now? My first answer is a caveat: We have no idea what the final bill will look ...

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  • Finally, a Voluntary Loan Modification That Makes Sense
    Finally, a Voluntary Loan Modification That Makes Sense

    I have gone over numerous loan modification proposals sent to my clients recently. In almost every case, the proposed modification makes no sense and you know the client will end back in the same ...

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