Posts Tagged ‘Senate Banking Committee’

California Bar: Disregards Attorney General’s Views, Screws Homeowners

Written on 10 Dec, 2012 at 12:34

What's even harder to understand is that the State Bar's most recent interpretation of SB 94 completely disagrees with how California Attorney General Harris and Governor Brown interpreted the law in documents filed with the court last year when... (Continue reading)

FDIC Chair Sheila Bair Warns Senate Committee about “Millions of Infected Foreclosures”

Written on 14 May, 2011 at 1:17

Well, perhaps it's because Sheila is now a short-timer and will be retiring from her post at the FDIC this July, that she is now feeling a little more comfortable telling the truth, even if that means disagreeing with Walsh... (Continue reading)

Tagged with: alan zibel bank of america Comptroller of the Currency consent orders economy empty trusts Fannie Mae FDIC Chair Sheila Bair Federal Home Loan Bank of Boston Federal Reserve Chairman Ben Bernanke Freddie Mac GMAC GMAC/Ally Bank illegal foreclosures Indymac bank investor lawsuits investors suing banks John Walsh JPMorgan Chase & Co. loan modification fraud loan modifications mandelman mandelman matters martin andelman mortgage crisis mortgage refinancing mortgage servicers OCC OTS recession REMIC robo-signers securitization Senate Banking Committee Treasury Secretary Timothy Geithner unemployment unenforceable mortgages Wall Street Journal wells fargo bank WSJ

Republicans Leap to the Aid of Banker-Servicers Over AG Settlement Proposal

Written on 10 Mar, 2011 at 9:52

But, unquestionably, the best part of Senator's Shelby's largely unintelligible rant, was when he threw down the "don't fine them or there'll be no lending" card. He draws that card like a gun, doesn't he? He even sounds... (Continue reading)

Two Years Waiting for the New York Times to Write About Lawyers & Loan Modifications, and they Still GET IT WRONG.

Written on 28 Dec, 2010 at 13:04

Can you hear me now? Is that doing it for you? The facts about California attorneys who offer to assist homeowners with loan modifications as presented in the New York Times story are just plain WRONG. ... (Continue reading)

Tagged with: and No Help From Lawyers Assembly Committee on Banking and Finance assembly representative pedro nava B&P 10026 B&P 10085.6 B&P 6106.3 bank of america CA AB 764 CA Business and Professions Code CA Civil Code CA SB 94 California Bar Journal california legislature California State Bar California State Bar Task Force Chief Justice Ronald George Civil Code 2944.6 Civil Code 2944.7 David Cameron Carr David Streitfeld delinquent mortgages diana olick foreclosure scams foreclosures fraudclosure GMAC Governor Arnold Schwarzenegger HAMP Homes at Risk homes at risk and no help from lawyers Howard B. Miller jpmorgan chase loan modifications max gardner NACA O. Max Gardner III one west bank president obama robo-signers SB 94 securitization Senate Banking Committee Senate Committee on Banking Finance & Insurance Senator Ron S. Calderon Sharon Bell the new york times Treasury Secretary Timothy Geithner wells fargo bank

Bringing Up the Rear: Senator Christopher J. Dodd

Written on 19 Sep, 2010 at 17:20

Now that Elizabeth Warren has been appointed to the post, albeit temporarily, support her with whatever support you can offer, Senator Dodd. Let the ones that oppose Elizabeth Warren stand naked in the light. And the American consumer....... (Continue reading)

Tagged with: aurora bank of america baseline scenario bloomberg Consumer Financial Protection Bureau double dip elizabeth warren Fannie Mae Federal Reserve Chairman Ben Bernanke first premier bank foreclosure crisis Freddie Mac HAMP jpmorgan chase larry summers loan modifications making home affordable mandelman matters martin andelman ml-implode naked capitalism obama appoints warren Obama's Making Home Affordable Plan one west bank Option ARM recast recession republicans Senate Banking Committee Senator Christopher Dodd Shahien Nasiripour Simon Johnson sub-prime loans TARP The Huffington Post too big to fail Treasury Secretary Tim Geithner wells fargo bank Yves Smith

California’s SB 1275, What’s Not to Like?

Written on 8 Jun, 2010 at 7:37

"The confusion and errors that cost Californians their homes, are devastating to the state's housing market, but are avoidable and we need this measure to stop further deterioration of the California housing market." Center for Responsible Lending ... (Continue reading)