Some folks love and others hate the recent $25-billion federal-state mortgage foreclosure settlement, but there’s no getting around one huge and significant issue: Besides, prolonging the crisis, there’s a large, sink hole right in the middle of it. The hole is that if your home loan has been bought from your lender by Fannie Mae or Freddie Mac, you’re not eligible for the mortgage relief encompassed by the deal.
Since Fannie and Freddie control well more than half of all outstanding mortgages, this shortcoming looks to be what engineers would call “non-trivial.” But it is nothing like this. It means ½ of the pool is now not eligible for the program. But the goal in restructurings is to prevent homeowners from re-defaulting after a modification, and the record shows that forgiveness is much better than any other option in achieving that. This program will NOT help as designed.

We focus on fraud, securities, business disputes and commercial loan workouts at the law firm of William A. Miller in Scottsdale Arizona. Call Bill with questions at 602-319-6899

William A. Miller, PLLC 8170 North 86th Place, Suite 208 Scottsdale, Arizona 85258

The bible says those who teach are held to a higher standard & federal prosecutors acknowledged that they made some “honest mistakes” in a high-profile Foreign Corrupt Practices Act case, but disputed in a brief
filed on Sept. 5 that those oversights rose to the level of misconduct.

The government’s filing addressed concerns voiced by U.S. District Judge
Howard Matz in Los Angeles that the government’s “astonishing” and
“troublesome” mishandling of the case might warrant dismissing the indictment
against two former executives of Lindsey Manufacturing Co. who were convicted on
FCPA charges. Defense lawyers moved to dismiss the charges based on prosecutorial
misconduct one day before a May 10 jury verdict went against their clients.

I think the Judge need grant this Motion. If our prosecutors get by with this behavior then what is next? After all those who teach…

Arizona Trial & Business Law

William A. Miller, Esq.

William A. Miller, PLLC

8170 North 86th Place, Suite 208
Scottsdale, Arizona 85258

My dad, a University professor, taught me how to be street smart. I think he knew the futility of arrogance and he wanted me to not think too highly of myself. Little typifies street smarts better than an experience I often have. My favorite pizza joint in Phoenix is the Red Devil. It has been…

For a long time conservative like me, this is a tough issue to blog on. I lean left on the Gulf oil spill mess. So, call me a flaming liberal; no pun intended. For over a month or two, Obama watched the oil spill spread over the Gulf of Mexico with the same powerless shock…

I just finished lunch with one of the smartest and richest guys in Paradise Valley, Arizona. He knows I am writing this post as he teased me about being silent the last few weeks. I told him I was WORKING on legal briefs and I did not have time to blog about the Arizona legal…