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Detailed text transcripts for TV channel - FOXNEWS - 20110604:02:36:00

Modifications. on the number of servicers that were enrolled. bret: that led to the same type of she began shenanigans that got us into this mess. by the summer, they weren t close to the goal and there i was push to get trial modifications in. bret: that push included relaxing application standards. that enabled servicers to participating banks to sign up more candidates for the program. even though some of these people didn t meet any qualifications, in order to get to those incentive marks they would be accepted? correct. it induced some servicers to start taking applications without the income documentation, just like what led up to the mortgage meltdown in the first place. over time would you find the borrower wasn t qualified. i didn t speak to a gentleman who made it clear i was approved before the ....

Bret Baier , Trial Modifications , Application Standards , Nate Emergency Mortgage Relief Program , Wasn T , Mortgage Meltdown , Income Documentation ,

Detailed text transcripts for TV channel - FOXNEWS - 20110604:05:36:00

Modifications. on the number of servicers that were enrolled. bret: that led to the same type of she began shenanigans that got us into this mess. by the summer, they weren t close to the goal and there i was push to get trial modifications in. bret: that push included relaxing application standards. that enabled servicers to participating banks to sign up more candidates for the program. even though some of these people didn t meet any qualifications, in order to get to those incentive marks they would be accepted? correct. it induced some servicers to start taking applications without the income documentation, just like what led up to the mortgage meltdown in the first place. over time would you find the borrower wasn t qualified. i didn t speak to a gentleman who made it clear i was approved before the ....

Bret Baier , Trial Modifications , Application Standards , Nate Emergency Mortgage Relief Program , Mortgage Meltdown , Wasn T , Income Documentation ,

Detailed text transcripts for TV channel - MSNBC - 20110513:20:45:00

Is there ever any consideration of the human carnage? not servicing industry? no, i don t think so. reporter: caroline heron helped design and implement the government s loan modification program as a consultant at fannie mae, helping the treasury department run the program. she says there was pressure to get homeowners into trial modifications. why was there such a rush to get people in to these trial modifications? because of the program supposed to help up to 4 million people and they needed to make progress. reporter: so it was about the numbers? it was about the numbers. reporter: he says she warned executives the program was hurting some homeowners and they ignored her. executives were worried about getting the trial modification numbers up and so we could deal with problems later. reporter: last year fannie mae filed her. she said it was because of the concerns. she s suing the agency. ....

Caroline Heron , Loan Modification Program , Human Carnage , Fannie Mae , Trial Modifications , The Treasury Department , 4 Million , Trial Modification Numbers , The Agency ,

Detailed text transcripts for TV channel - MSNBC - 20101221:07:54:00

The bank with a host of fraudulent and deceptive practices in its dealing with homeowners seeking loan modification. nevada attorney general katherine cortez-mosto ticked off some of the allegations in a press release today. among them, misleading consumers in false assurances their homes would not be foreclosed while their requests for modifications were pending, but sending foreclosure notices, schedule auction dates, and even selling consumers homes while waiting for decisions. misrepresenting to consumers that they must be in default on their mortgages to be eligible for modifications, when, in fact, current borrows are eligible for assistance. making false promises to consumers that their modifications would be made permanent if they successfully completed trial modifications, but then failing to convert these modifications. and falsely not anying consumers or credit reporting agencies that consumers are in default when they are not. in one case cited by terry goddard, a woman t ....

Loan Modification , Consumers Homes , Foreclosure Notices , Ckatherine Cortez , Press Release , Schedule Auction Dates , Credit Reporting Agencies , Trial Modifications , Terry Goddard , Woman Twho ,

Detailed text transcripts for TV channel - MSNBC - 20101221:01:54:00

Citizens of arizona and nevada, two of the states hardest hit by the foreclosure crisis, charged the bank with a host of fraudulent and deceptive practices in its dealing with homeowners seeking loan modification. nevada attorney general katherine cortez-mosto ticked off some of the allegations in a press release today. among them, misleading consumers in false assurances their homes would not be foreclosed while their requests for modifications were pending, but sending foreclosure notices, schedule auction dates, and even selling consumers homes while waiting for decisions. misrepresenting to consumers that they must be in default on their mortgages to be eligible for modifications, when, in fact, current borrows are eligible for assistance. making false promises to consumers that their modifications would be made permanent if they successfully completed trial modifications, but then failing to convert these modifications. and falsely not anying consumers or credit reporting agencie ....

Loan Modification , Foreclosure Crisis , Ckatherine Cortez , Foreclosure Notices , Press Release , Schedule Auction Dates , Consumers Homes , Credit Reporting Agencies , Trial Modifications , Terry Goddard ,