#IMHO2021 #Legend
Showing posts with label President Obama. Show all posts
Showing posts with label President Obama. Show all posts
Wednesday, September 1, 2021
Sunday, August 11, 2013
Workers paid just pennies an hour in America in 2013...
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Tuesday, October 16, 2012
Monday, October 1, 2012
G20; Joint Press Release Board of Governors of the Federal Reserve
Joint Press Release
Board of Governors of the Federal Reserve System
Office of the Comptroller of the Currency
For immediate release August 2, 2012
Deadline to Request Independent Foreclosure Review Extended to December 31
Borrowers seeking a review of their mortgage foreclosures under the federal banking agencies' Independent Foreclosure Review now have until December 31, 2012, to submit their requests.
The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) today announced that the deadline for submitting requests for review under the Independent Foreclosure Review has been extended. The new deadline provides additional time for borrowers to request a review if they believe they suffered financial injury as a result of errors in foreclosure actions on their homes in 2009 or 2010 by one of the servicers covered by enforcement actions issued in April 2011.
The deadline extension provides more time to increase awareness about the Independent Foreclosure Review and how eligible borrowers may request a review, and to encourage the broadest participation possible. The agencies will work with the servicers to expand their outreach and marketing efforts through the end of the year to encourage as much participation as possible.
As part of enforcement actions issued in April 2011, the agencies required 14 large mortgage servicers to retain independent consultants to conduct a comprehensive review of foreclosure activity in 2009 and 2010 to identify borrowers who may have been financially injured due to errors, misrepresentations, or other deficiencies in the foreclosure process. If the review finds that financial injury occurred, the borrower may receive remediation such as lump-sum payments, suspension or rescission of a foreclosure, a loan modification or other loss mitigation assistance, correction of credit reports, or correction of deficiency amounts and records. Lump-sum payments can range from $500 to, in the most egregious cases, $125,000 plus equity, according to guidance issued by the agencies.
Requesting a review does not preclude borrowers from taking other actions related to their foreclosures. A servicer is not permitted to require a borrower to sign a waiver of the borrower's ability to pursue claims against the servicer in order to receive compensation under the Independent Foreclosure Review.
There are no costs associated with being included in the review. More information, including how to apply online, is available at http://www.independentforeclosurereview.com
Media Contacts:
Federal Reserve Board Barbara Hagenbaugh 202-452-2955
OCC Bryan Hubbard 202-874-5770
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Tuesday, September 25, 2012
Wednesday, June 13, 2012
Tuesday, May 15, 2012
G20; The White House Call
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I was honored to participate in a Conference call to the White House on getting the word out on "Refinancing for Responsible Home Owners". Welcome to the world of "Globalization", it is most definitely here, good luck to us all. The rules discussed are for everyone in the world, ASEAN, IMF. The World Bank, Thailand, Asia-Pacific Summit, in short, for Global Governance.
The Framework laid out by Brian Deese, Deputy Director of the National Economic Council, and Bob Ryan, Senior Advisor to the Secretary of Housing and Urban Development. Jon Carson Director, White House Office of Public Engagement, took questions at the end on refinancing.
The strategies discussed were first, open a window for refinancing i.e. HARP, FHA, Debt Ratios, Short Sells, Loan for Value Ratio based on 140%, Foreign Investors, Lease Back etc... Second, define who is "Under Water", families,. Third, who is responsible for the home owner.
Policies that can be measured, are individual, higher %, closing cost, 5 years or less, modify mortgages act... There are other tools that can be measured in the toolbox. " Open others windows" especially competition. The policies proposal are very similar "Charter Cities" except that one starts from zero.
In conclusion, there are other options out there and the word is getting out. As far as "Global Governance" "Charter Cities" the world is getting closer even to a "Global Standard in Finance". Let face it, it is better than the option of "Shadow Banking". I would like to thank President Obama and staff for the opportunity to participate in the White House Call.
I was honored to participate in a Conference call to the White House on getting the word out on "Refinancing for Responsible Home Owners". Welcome to the world of "Globalization", it is most definitely here, good luck to us all. The rules discussed are for everyone in the world, ASEAN, IMF. The World Bank, Thailand, Asia-Pacific Summit, in short, for Global Governance.
The Framework laid out by Brian Deese, Deputy Director of the National Economic Council, and Bob Ryan, Senior Advisor to the Secretary of Housing and Urban Development. Jon Carson Director, White House Office of Public Engagement, took questions at the end on refinancing.
The strategies discussed were first, open a window for refinancing i.e. HARP, FHA, Debt Ratios, Short Sells, Loan for Value Ratio based on 140%, Foreign Investors, Lease Back etc... Second, define who is "Under Water", families,. Third, who is responsible for the home owner.
Policies that can be measured, are individual, higher %, closing cost, 5 years or less, modify mortgages act... There are other tools that can be measured in the toolbox. " Open others windows" especially competition. The policies proposal are very similar "Charter Cities" except that one starts from zero.
In conclusion, there are other options out there and the word is getting out. As far as "Global Governance" "Charter Cities" the world is getting closer even to a "Global Standard in Finance". Let face it, it is better than the option of "Shadow Banking". I would like to thank President Obama and staff for the opportunity to participate in the White House Call.
Thursday, May 10, 2012
G20,,,President Obama,,,Rajabhat University Research
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Thursday, May 3, 2012
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