@ 3:12:30 pm Mr. Stevens on foreclosure mills and robo-signing: “Laws were violated”, “Legal violations” , “Card table with Burger King kids”, and “ Laws broken by some institiutions not all.”
@3:17:50 Mr. Manzullo on MERS: “By-pass recorder”, “That’s the reason now a lot of people who don’t know who owns the note”, don’t know who owns the mortgage”, and “automation thing made it worse”
Washington, Jul 6 - Two Financial Services subcommittees will hold a joint hearing on Thursday, July 7 to review the role of Federal regulators in the ongoing mortgage servicing settlement negotiations and the development of new mortgage servicing standards. Witnesses will include regulators from the Office of the Comptroller of the Currency, the FDIC, and the Consumer Financial Protection Bureau, and two state attorneys general.
The joint hearing is being conducted by the Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Oversight and Investigations.
Witnesses scheduled to testify:
Panel I:
Julie Williams, First Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the Currency
Mark Pearce, Director, Division of Depositor and Consumer Protection, Federal Deposit Insurance Corporation
Raj Date, Associate Director of Research, Markets, and Regulation, Consumer Financial Protection Bureau, U.S. Department of the Treasury
Luther Strange, Alabama Attorney General
TBA, State Attorney General
Panel II
David Stevens, President, Mortgage Bankers Association
Michael Calhoun, President, Center for Responsible Lending
http://financialservices.house.gov/News/DocumentSingle.aspx?DocumentID=250054
2 comments:
Biloxi dude, Manzullo is dumber than Caribou Barbie and Quayle. Thanks to gerrymandering, Mama and I will be stuck with that guy as a Rep. after new congressional lines go into place next year. Take a listen:
http://www.huffingtonpost.com/2009/03/24/don-manzullo-worst-congre_n_178691.html
Well, Kittybowtie:
Like you, I am stuck the worst Congressman in my district until next year's election. Thank god with the redistricting in my area, that clown has less chance of being re-elected because he has done nothing since he got re-elected. 16 years for him is long enough.
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