Mortgage Practices News Today

sandra day trying out a new strategy with less than a month to the iowa caucuses and how the trump campaign may be using this as a test run for the general election. the stronger and stricter border policies -- could congress get their act together this week? the simple answer from one top republican, "no way." in my hope for the holidays here? and remembering a trailblazer, sandra day oconnor, the first woman who served on the supreme court starts in an hour. we will go to the w...

The bank he formed after indymac. this week, two advocacy groups filed a claim alleging onewest discriminated against minorities. critics blamed the mortgage practices. mnuchin is a critic of dodd-frank. trump has said he wants to dismantle it. see if there is daylight. trump wants tax cuts. lawmakers will ask how he will pay for them and if they match up with the president-elect. they want tax reform soon. mnuchin is on record with that. one of the duties is likely dealing with the debt selling...

As i said, every single person had the opportunity to have their mortgage reviewed and we corrected any errors. our errors were less than anybody else. >> okay, im going to cut you off. >> its not that im being defensive. im proud of our -- >> i wouldnt be proud of all these findings. is it true the california attorney generals office said one west back dated 96% of the documents they examined and the their investigation. did they say that? >> first, let me comment that i sought the leaked memo ...

Confirmation hearing fortressry secretary steven mnuchin facing one of the hardest lines of questioning of all the nominees. this has to do with his time running one best bank. critics have been calling it a foreclosure mill. listen to this exchange with ohio democrat senator cher odd brown. >> one west foreclosed on # 0,000 families nationwide and denied 3/4 of mortgage modification applications? >> i am not aware of that i know they have objected did -- >> well, they did. >> well if you know t...

Pretty nice. cle clearly were in the wrong business. hes been nursing the bank back after the financial crisis. most of that is stock. only a million and a half, only, is in cash. hes getting paid a lot less than his peers, jamie diamond at jp morgan. many rising their your brows for the bank. bank of america comes in last place in customer satisfaction surveys. rode has been riding legal bills now north of $50 billion to clean up the mess stemming from the mortgage practices and financial crisi...

Its investors. >>, and of course, this money doesnt do anything for the people affected by the jpmorgan mortgage practices, does it? >> well, some of it will. some of it is supposed to provide some remediation. thats why it will be tax deductible, but compared to the damage done, damages like this, penalties down here. el. >> well, we did lose $24 billion on the shutdown. so i dont know who is doing the math on this deal. i dont know how the -- would the justice department -- theyre the ones tha...

Relief which is basically loan modifications and help for consumers who may have had some problems as a result of some of these practices, these mortgage practices, so that is being discussed right now, and what is not included, and this is important, is a federal criminal investigation, which is continuing at jpmorgan chase, and that focuses on people, individuals, who may have misled investors and whether there was an credible wrong doing, and thats a big deal because the justice department, t...

Promised theyd clean up their act and help struggling homeowners. but the state of new york says two big banks still arent playing 100% by the rules. new yorks attorney general says bank of america and wells fargo flagrantly violated legal obligations to protect homeowners, putting them at risk of foreclosure. the attorney general claims b of a and wells fargo didnt acknowledge applications to refinance in time. in other cases new york says the banks didnt notify borrowers about problems in thei...

Speaking their mind today and really putting chief executive brian moynihan on the defensive and hot seat about their mortgage practices particularly when they accused him trying to put it off on legacy assets from buying countrywide financial which specialized in subprime mortgages that purchase cost couple billion years ago and but cost the bank 10 billion in loan losses since then. talking about the depreciation of the stock price. shareholders holding bank of america since the 80s and 90s. a...

santorum and ron paul. new cnn polling shows a statistical dead heat. look at that, 36% to 34%. well within the five-point margin of error. romney there at the 36%. thats from sampling done sunday, monday, and tuesday. as always, expect the numbers to change. expect tomorrow nights debate to move that needle as well. also expect more of what we saw today. each candidate hammering the other. [ speaking spanish ] >> the gingrich campaign today stopped running the spanish language radio s...