Posts Tagged ‘Rep. Elijah Cummings’

Obama’s New Plan to Help Housing Isn’t Worth Waiting For

Written on 22 Oct, 2011 at 8:17

Even Edward J. DeMarco, acting director of the independent Federal Housing Finance Agency says his fix will be more of a tune-up than an overhaul, with reduced "frictions" and "enhancements."... (Continue reading)

16 Banks Ordered to Compensate Victims of Improper Foreclosure

Written on 21 Jul, 2011 at 16:31

Guess what... the federal government has ordered 16 of the largest mortgage servicers to reimburse homeowners who they foreclosed on IMPROPERLY. Well, isn't that nice? What a lovely surprise. ... (Continue reading)

Tagged with: bailouts bank of america banking lobby citibank D-MD diana olick double dip economic recovery economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke Federal Reserve fines servicers foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP improper foreclosure Indymac bank john Taylor jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA National Community Reinvestment Coalition OCC fines banks OTS fines banks Rep. Elijah Cummings Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers wells fargo bank