House Committee on Financial Services Hearing

The House of Representative's Committee on Financial Services held a hearing today on "Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing."

Among the witnesses were:

• Mr. Adam Levitin, Associate Professor of Law, Georgetown University Law Center
  

• Mr. Anthony B. Sanders, Professor of Finance, Distinguished Professor of Real Estate Finance, School of Management, George Mason University

• Ms. Julia Gordon, Senior Policy Counsel, Center for Responsible Lending

• Ms. Linda Fisher, Professor of Law, Seton Hall School of Law

• Ms. Anne Anastasi, President, American Land Title Association

Also on the witness list were officials from the U.S. Department of Treasury, the Federal Reserve, U.S. Department of HUD, Office of the Comptroller of the Currency, the Federal Housing Finance Agency, Bank of America, Ally Financial Inc, JPMorgan Chase, Wells Fargo Home Mortgage Servicing, Citi Mortgage, and MERS.

November Oversight Report

On November 16, 2010, the Congressional Oversight Panel issued its 127 page November Oversight Report - Examining the Consequences of Mortgage Irregularities for Financial Stability and Foreclosure Mitigation

House Judiciary Committee Sets Hearings on Foreclosures

The House Committee on the Judiciary has set a hearing for Wednesday, November 17, 2010 on "Foreclosure Justice: Causes and Effects of the Foreclosure Crisis." The list of witnesses is not yet available.

Senate Banking Committtee Sets Hearing on Foreclosures

The Senate Banking Committee has announced that it will hold a hearing on Tuesday November, 16 "to investigate allegations of improper and fraudulent mortgage servicing and foreclosure processing." The witnesses scheduled to testify are

• Attorney General of Iowa, Tom Miller
• President of Bank of America Home Loans, Barbara Desoer
• CEO of Chase Home Lending, David Lowman
• CEO of MERSCORP., Inc., RK Arnold
  
• Associate Professor of Law, Adam J. Levitin
• Counsel for National Consumer Law Center, Diane E. Thompson