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Detailed text transcripts for TV channel - MSNBC - 20130507:07:31:00

To get back to home owners within five days of a request for a modification on a mortgage, to tell them if there are deficiencies, missing documents. the homeowner has 30 days after that to fulfill the deficiencies and the bank has to make a decision in 30 days. they have been violating that. we have 220 complaints about wells. 129 about bank of america. we re taking them to court. and the context of this, i ve done some reporting on this and talked to folk on the other end of this, totally kafkaesque stories of sending loan documentation in 12 times, 12 different people, they lose it, sending in checks that get lost, horrible things going on which was the thing that created the settlement in first place. they have new obligations. in addition to whatever work is being done by the monitor, parties to the settlement, new york is a party, have the right to enforce it. we re following the procedures. we sent notice to the monitoring committee, telling them we re going to file suit. th ....

Federal District Court , Bank Of America , Loan Documentation , New York , Monitoring Committee ,

Detailed text transcripts for TV channel - MSNBC - 20130507:00:31:00

As violations go. there are very specific terms they have agreed and are legally obligated to follow, they have to get back to home owners within five days of a request for a modification on a mortgage, to tell them if there are deofficial says, missing documents. the homeowner has 30 days after that to fulfill the deofficial says and the bank has to make a decision in 30 days. they have been violating that. we have 220 complaints about wells. 129 about bank of america. we re taking them to court. and the context of this, i ve done some reporting on this and talked to folk on the other end of this, totally kafkaesque stories of sending loan documentation in 12 times, 12 different people, they lose it, sending in checks that get lost, horrible things going on which was the thing that created the settlement in first place. they have new obligations. in addition to whatever work is being done by the monitor, parties to the settlement, new york is a party, have the right to enforce it. ....

Federal District Court , Bank Of America , Loan Documentation , New York ,

Detailed text transcripts for TV channel - MSNBC - 20130507:03:31:00

To get back to home owners within five days of a request for a modification on a mortgage, to tell them if there are deficiencies, missing documents. the homeowner has 30 days after that to fulfill the deficiencies and the bank has to make a decision in 30 days. none of this we lost your documents, come back month after month. they have been violating that. we have 220 complaints about wells. 129 about bank of america. we re taking them to court. and the context of this, i ve done some reporting on this and talked to folks on the other end of this, totally kafkaesque stories of sending loan documentation in 12 times, 12 different people, they lose it, sending in checks that get lost, horrible things going on which was the thing that created the settlement in first place. they have new obligations. in addition to whatever work is being done by the monitor, that was created under the settlement, parties to the settlement, new york is a party, have the right to enforce it. we re follo ....

Federal District Court , Bank Of America , Loan Documentation , New York , Us District Court , Monitoring Committee ,

Detailed text transcripts for TV channel - FOXNEWS - 20120705:22:18:00

Efforts worked. there was a concerted effort to use something, to peddle influence. they did it also at fannie mae. this ended terribly where they dumped so many loans on the american taxpayers. that makes it egregious. the investigation countrywide lobbied to have mortgage fannie mae a critical partner. it s fannie mae that bought a large number of country wide sub prime mortgages. for loan recipient, some suggested they didn t know they were given special treatment. spokesperson for buck mckeon said he was never aware and he provided the media all the loan documentation from the 199 1998 loan. he shares issa s interest in determining if there was wrongdoing by countrywide. spokeperson for bank of america which now owns countrywide says the report applies to premerger activities. and the program was immediately discontinued at ....

Fannie Mae , Special Treatment , Loan Documentation , Loan Recipient , Buck Mckeon , Bank Of America ,

Detailed text transcripts for TV channel - FOXNEWS - 20120705:15:08:00

He is a member of committee. what about the members of congress mentioned in this report, any reaction from any of them? reporter: the investigation found 29 loans were issued to 12 members of congress and staff as all part of this countrywide vip unit. both democrats and republicans. only one to respond so far is congressman buck mckeown of california. he is a republican. his spokesperson told us quote, mr. mckeown has been completely up front and transparent about his loan. he was never aware of any end friends of angelo designation. he provided all the loan documentation from the 1998 loan. mr. mckeown shares chairman issa s interest in determining if there is any wrongdoing by countrywide. so we just got our hands on the report a short time ago. we ll continue digging and bring you more details throughout the day. jenna: you re not on any vip list, are you mike? reporter: not at all. not even close. jenna: me, maybe on the frozen yogurt shop down the block but beyond that nothi ....

United States Congress , Vip Unit , Buck Mckeown , Friends Of Angelo Designation , Bus Quote , Darrell Issa , Loan Documentation , Im Jenna Lee , Vip List ,