VIDEO: ELIZABETH WARREN "THIS IS A VERY BIG PROBLEM" On FORECLOSURE FRAUD

VIDEO: ELIZABETH WARREN “THIS IS A VERY BIG PROBLEM” On FORECLOSURE FRAUD

VIDEO: ELIZABETH WARREN “THIS IS A VERY BIG PROBLEM” On FORECLOSURE FRAUD

Oct. 12 (Bloomberg) — Elizabeth Warren, the White House adviser in charge of forming the Consumer Financial Protection Bureau, discusses her first month on the job, the need for U.S. lenders to simplify home mortgage paperwork and the outlook for financial industry regulation. Warren, speaking with Margaret Brennan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

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4 Responses to “VIDEO: ELIZABETH WARREN “THIS IS A VERY BIG PROBLEM” On FORECLOSURE FRAUD”

  1. Elizabeth
    The lenders need to follow the Law. What you are saying is that if robberies are growing to fantastic new highs lets not call stealing robbery. Let’s call it relieving a person of property, then the numbers will drop. How in the heck can you blame the consumer or borrower to come up with this complex plan to make trillions of dollars. Wells Fargo is turning into one of the greatest thieves in history.
    Stan
    Racine WI

  2. Peter says:

    It’s even more of a problem if they don’t take care of the homeowners sitting with a bunch of fraudulent documents. Yes, they need to look at changes for the future, but what about what we’re going through now. Homeowners were defruaded by the banks and their subsidiaries with overstated appraisals. Perhaps, if they bring every home down to 80% LTV through cramdowns, homeowners would be in the spot they should have been in in the first place. This would build up consumer confidence and bring back the middle class that was deceived by all of the fraud. I think the financial advisors to Obama have got him fooled.

  3. Jenny Green says:

    So much could have been avoided if somebody would have listened to the homeowner in 2006-2007.America’s Servicing Company would set you up in order to defaut. ASC/Wells Fargo Mortgage put countless homeowners out in the streets and they were RESPONSIBLE! Nobody
    seemed to care.I’ve been doing research on them over the past few years and it is alarming the shady tactics they use to ruin the lives of the American people.

    Elizebeth Warren may God be with you.The “Great Ozz” needs a Dorathy
    that tornado they let loose,that ran away with our homes… bring it all back and douce them in Des Moines Iowa with a bucket of water and destroy that wicked den of thieves!

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