House Oversight Cmte. Hearing on Preventing Foreclosures


Rep. Edolphus Towns (D-NY) chaired a House Oversight hearing on foreclosure prevention. Mortgage executives from Wells Fargo, Citibank, Bank of America and others testified before the committee.
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House Oversight Cmte. Hearing on Preventing Foreclosures
Rep. Edolphus Towns (D-NY) chaired a House Oversight hearing on foreclosure prevention. Mortgage executives from Wells Fargo, Citibank, Bank of America and others testified before the committee. Go to Source…

Senate Banking Cmte. Hearing on Mortgage Foreclosures
The Senate Banking Committee held a hearing on allegations of improper and fraudulent mortgage services and foreclosure practices. Witnesses include Iowa Attorney General Tom Miller as well as home loan bank CEOs and mortgage lawyers. A Congressional Oversight Panel released a report earlier on mortgage and foreclosure irregularities. Go to Source…

Senate Banking Cmte. Hearing on Mortgage Foreclosures
The Senate Banking Committee held a hearing on allegations of improper and fraudulent mortgage services and foreclosure practices. Witnesses include Iowa Attorney General Tom Miller as well as home loan bank CEOs and mortgage lawyers. A Congressional Oversight Panel released a report earlier on mortgage and foreclosure irregularities. Go to Source…

Senate Banking Cmte. Hearing on Mortgage Foreclosures
The Senate Banking Committee held a hearing on allegations of improper and fraudulent mortgage services and foreclosure practices. Witnesses include Iowa Attorney General Tom Miller as well as home loan bank CEOs and mortgage lawyers. A Congressional Oversight Panel released a report earlier on mortgage and foreclosure irregularities. Go to Source…

House Financial Services Subcmte. Hearing on Fannie Mae & Freddie Mac
Rep. Paul Kanjorski (D-PA) chaired the Financial Services Subcommittee on Government Sponsored Enterprises hearing on the mortgage holding companies Fannie Mae and Freddie Mac. Both companies have been under federal government control since the 2008 financial crisis. Recently, Financial Services Committee Chairman Rep. Barney Frank (D-MA) said Fannie and Freddie ought to be abolished and …

Banking leaders skeptical of forgiving portion of … – Lubbock Avalanche-Journal
Such programs “could raise issues of fairness,” said Sanjiv Das, Citigroup’s top mortgage executive, who appeared in front of the House Financial Services Committee with top executives from Bank of America, Wells Fargo & Co. and JPMorgan Chase. Go to Source…

Banking leaders skeptical of forgiving portion of … – Lubbock Avalanche-Journal
Such programs “could raise issues of fairness,” said Sanjiv Das, Citigroup’s top mortgage executive, who appeared in front of the House Financial Services Committee with top executives from Bank of America, Wells Fargo & Co. and JPMorgan Chase. Go to Source…

Government Role in Preventing Mortgage Foreclosures
Participants spoke about mortgage foreclosure trends and estimates that eventually up to eight million families will lose their homes. Lenders and the federal government have created several programs for stemming these foreclosures through mortgage loan modifications, but some critics complain that these loan modifications are insufficient. They also responded to questions from the audien…

Wells Fargo Helps Mortgage Customers Facing Payment Challenges – Street.Com
Wells Fargo & Company (NYSE:WFC) announced today it is hosting a free workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships. The two-day workshop — to which … Go to Source…

Wells Fargo Helps Mortgage Customers Facing Payment Challenges – Yahoo Finance
DETROIT–(BUSINESS WIRE)– Wells Fargo & Company (NYSE: WFC – News ) announced it is hosting a Home Preservation Workshop for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers in the Detroit metro … Go to Source…

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