On The Money with Peter Hebert

July 7, 2010

Mortgaged and Armed: Available NOW in electronic book edition on Amazon.com

Filed under: Legislation and Regulation — Peter Hebert @ 3:33 AM


Contact Information
Peter Hébert
Publisher and Author
Freedom House Press
(301) 509-7674

Mortgaged and Armed: a key to understanding mortgage industry tactics
Available NOW in electronic book edition on Amazon.com

July 6, 2010

Peter Hébert and Freedom House Press are pleased to announce the release of Mortgaged and Armeda timely book thatdismantles mortgage finance and lays out an action plan to turn the tables on the mortgage lending industry. This consumer-oriented manifesto will empower households and real estate investors to regain and maintain control when going toe-to-toe with any financial institution.

The electronic edition of the book is now available to download at www.Amazon.com. The title can be found by typing Mortgaged and Armed in Amazon’s search bar. Kindle software, an Amazon.com book reader, is a free download for Mac users and PC users. It’s even available free for the iPod, iPad, the iPhone, Blackberry, and Android. Electronic book readers have never had more options and flexibility. (Kindle is also available as a free download through Apple’s online Application Store). The electronic edition is $9.95.

Hébert said, “Mortgaged and Armed is a take no prisoners approach for home buyers, investors, refinance applicants, and loan modification applicants to fight back. The mortgage lending business within the financial sector has lost the right to have the respect of the American people, and it needs to radically change its business practices. Since Congress is slow to act in any meaningful financial regulation to protect consumers, the American people must take several steps to protect themselves. Mortgaged and Armed is more than a book on financial literacy. It is a preemptive self defense manual.”

Hébert dispels the myths, disinformation, and misinformation concerning mortgage finance and securitization. He refutes the dominant narrative led by former U.S. Treasury Secretary Henry Paulson that there are “toxic assets” and real estate is to blame that is parroted by the mainstream and financial media. Those “toxic assets” are made up of fraudulently originated loans with predatory features not designed to sustain homeownership that were securitized and sold to pension funds. Predatory securitization and finance are to blame for the financial and economic crisis.

Mortgaged and Armed will become available on Amazon.com as a 6” by 9” paperback in late July or early August 2010. Mortgaged and Armed was written without acronyms to make the book readable and intelligible for the average reader. The 370-page book includes a glossary, references, end notes, and an index. The main text is 242-pages in length. The book’s 58-page glossary is packed with real estate, mortgage, financial, and economic terms written in plain English to equip anyone to have the leg up on the typical mortgage lender or loan modification specialist in a call center. There is an extensive 18-page section of end notes with the author’s personal comments in addition to citations. The book’s 14-page reference section is broken down by category that distinguishes between sources like “personal communications” and “research studies.” The book’s 10-page index was developed to enable readers to quickly drill down to the key points of interest. The retail cost of the paperback will be $19.95.

What Others Have Said
Industry: “Most people got a mortgage during the mortgage boom and housing bubble years. Most were badly advised and wish they hadn’t gotten the mortgage they did. Mortgaged and Armed provides enough mortgage fundamentals so no one will repeat their mistakes. The bursting of the housing bubble is the biggest financial fiasco since the Great Depression and deserves to be studied. Peter Hébert was on the front lines during this period and tells many first-hand accounts of what happened. These stories are humorous, sad, insightful, and unforgettable.” ~ David Olson, founder and president of Wholesale Mortgage Access & Consulting, Inc.

Capitol Hill: “From its nuts-and-bolts definitions of mortgage industry terms to its heart-breaking stories about consumers who were railroaded into financial ruin, Mortgaged and Armed gives consumers the information they need to navigate a market that’s often stacked against them.” ~ Congressman Jesse Jackson, Jr. (D-Illinois)

Academic: “The quality of your research shows that you have accomplished your objective in an exemplary manner. Once again, your topic is timely and very important. I am sure it will make a great contribution to the field.” ~ Dr. Richard Broacato, Mount St. Mary’s University in Emmitsburg, Maryland

“Peter’s work on Mortgaged and Armed was nothing short of amazing! It’s such a complex industry. In this very thorough and well-researched book, he has taken the mortgage industry and literally turned it upside down. The comments on Countrywide reads like the book Whistle Blower – you are whistle blowing on the entire industry. I highly recommend Peter and his book Mortgaged and Armed to anyone looking to school himself on the industry.” ~ Cynthia Maubert, Professor of Marketing, Mount St. Mary’s University in Emmitsburg, Maryland

About the Author
Peter Hébert has a Masters of Business Administration degree in finance and marketing from Mount St. Mary’s University in Emmitsburg, Maryland. He was the keynote speaker for his MBA graduating class at Mount St. Mary’s University on its 200th anniversary. He has a Bachelor of Arts degree in journalism and history from the University of Maryland in College Park, Maryland. Hébert has over 20 years experience in residential mortgage lending; residential property management and leasing; commercial and residential real estate marketing and sales; and secondary market experience in due diligence, commercial loan servicing, multi-family loan registrations, and residential loss mitigation. Hébert is a communicator and educator at heart with a passion in taking complex concepts and distilling them so that they are easily understandable for those with an in interest in better understanding. He has experience teaching corporate finance as an adjunct business professor. He has designed and taught several state approved continuing education courses to licensed real estate agents and loan officers. His professional experience includes working with attorneys, plaintiffs, and defendants as a litigation consultant and as an expert witness.

About the Publisher
Freedom House Press is a specialty publisher focused on non fiction titles. The mission of Freedom House Press is to present reliable books with verifiable information that cut through the panoply of misinformation and disinformation. It is in that spirit that Mortgaged and Armed is released. Other titles like Predator Nation and Architects Behind the Crisis are in the pipeline for release in 2010 and 2011. Freedom House Press has special arrangements in place for printing, online fulfillment, wholesale distribution, and retail sales at book stores. More information about the publisher can be obtained at www.FreedomHousePress.com.




  1. This article was extremely interesting, especially since I was searching for thoughts on this subject last week.
    I have been coming to this blog for a couple of days now and i’m very impressed with the content!

    thanks & regards
    avid – online university

    Comment by dflix — July 8, 2010 @ 6:21 PM

    • Thanks for the kind words. The electronic book is available on Amazon.com worldwide for just $9.95. The paperback edition comes out soon, and will be $19.95.

      My next post will be tied to the “Wall Street reform” bill, too big to fail, and the status of Audit the Fed. That topic os tied to my next book, which should be ready by end of summer.

      Comment by Peter Hebert — July 8, 2010 @ 6:30 PM

  2. Whats up! I simply wish to give an enormous thumbs up for the great data you have right here on this post. I shall be coming again to your weblog for extra soon.

    Comment by Poker — January 20, 2011 @ 7:14 PM

  3. Poker, thanks for the kinds words. My book Mortgaged and Armed will be followed by books The Collapse of Home Prices and the Foreclosure Crisis as well as Predator Nation. Thanks for your support. Snippets have appeared in Scotsman Guide and The Niche Report, which are industry trade publications.

    Comment by Peter Hebert — January 20, 2011 @ 7:41 PM

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