EMAILS | Wall Street Group SIFMA Aggressively Lobbied a Federal Agency FHFA to Thwart Eminent Domain Plans

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EMAILS | Wall Street Group SIFMA Aggressively Lobbied a Federal Agency FHFA to Thwart Eminent Domain Plans

EMAILS | Wall Street Group SIFMA Aggressively Lobbied a Federal Agency FHFA to Thwart Eminent Domain Plans

FHFA …Who do’ya love… WALL STREET!

E-mails obtained through a FOIA request reveal the extraordinary access SIFMA had to Federal Housing Finance Administration officials.

The Nation –

Despite Wall Street’s recent gains, the foreclosure crisis that displaced 10 million Americans continues to wreak havoc on communities. One ongoing problem is that 10.7 million homeowners are stuck in underwater homes, in which the mortgage is more than the house is currently worth. Although the federal government doled out $700 billion to Wall Street via TARP during the 2008 financial crisis, it has not taken bold action to solve this problem. Money set aside during the bailout to help homeowners remains largely unspent, and a key federal housing regulator refused to pursue mortgage write-downs for struggling borrowers, even though their own analysis showed these loan modifications would save the agency money.

In this vacuum, several cities have begun to take matters into their own hands, as Peter Dreier reported on for The Nation. One plan by private equity company Mortgage Resolution Partners proposes that cities use eminent domain—a power traditionally reserved for seizing property for public use—to seize mortgage loans. The amount owed on the loans would then be reduced so that the borrower was no longer underwater, avoiding foreclosure. In January 2013, Brockton, Massachusetts commissioned a study and formed a working group to investigate using eminent domain to help struggling homeowners. In September 2013, the city council of Richmond, California, voted to move forward with such a plan.

[THE NATION]

The complete emails via ACLU

American Banker Consumer Finance Mortgage Update

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M. DeLeo (FHFA) e-mail to Freddie Mae and Freddie Mac Contacts

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C. Killian (SIFMA) e-mail with J. Sherr article Bondholders Sue California to Block Mortgage Seizures

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D. Stevens (Mortgage Bankers Assoc) e-mail to E. DeMarco (FHFA) regarding North Las Vegas’s eminent domain plans

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C. Killian (SIFMA) e-mail to A. Pollard (FHFA) with a CA and NV eminent domain update

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C. Killian (SIFMA) e-mail with linked article and attached complaint filed against Northern Las Vegas for partnering with MRP

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C. Killian (SIFMA) e-mail to A. Pollard (FHFA)about the MRP Pitchbook

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D. Stevens (Mortgage Bankers Association) e-mail linking his LinkedIn post- Eminent Domain is Simply Wrong

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S. Mentor (Wells Fargo) e-mail to A. Pollard (FHFA) about Richmond, CA and requesting FHFA statement updates

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C. Killian (SIFMA) e-mail to T. Cameron and K. Chamberlain (SIFMA) with Bloomberg articles and Bank NY filings

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Bank of NY Mellon v. City of Richmond, CA Filed Certification of Interested Parties

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Bank of NY Mellon v. City of Richmond, CA Filed Corporate Disclosures Statement

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Bank of NY Mellon v. City of Richmond, CA Filed Complaint for Declatory and Injunctive Relief

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Wells Fargo Bank, National Association v. City of Richmond, CA Filed Complaint for Declatory and Injunctive Relief

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S. Mentor (Wells Fargo) e-mail to A. Pollard (FHFA) with attached CA Eminent Domain Coalition Letters

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C.Killian (SIFMA) e-mail to A. Pollard with attached U.S. House of Representatives Eminent Domain Hearing clip

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R. Dorfman (SIFMA) FWD to A. Pollard (FHFA) regarding Brockton, MA’s City Council Eminent Domain Working Group

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R. Dorfman (SIFMA) e-mail asking A. Pollard (FHFA) to quell Brockton, MA’s MRP plan

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C.Killian (SIFMA) FWD to A. Pollard (FHFA) RE ACCE’s Eminent Domain Call-in Day

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C. Katopis (Assc. of Mortgage Investors) FWDs blog about Richmond, CA’s eminent domain progress to A. Pollard (FHFA)

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C.Killian (SIFMA) FWDs SIFMA letters to Richmond, CA and Northern Las Vegas to A. Pollard (FHFA)

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C.Killian (SIFMA) FWD to A. Pollard (FHFA) with Politico article about Richmond, CA’s eminent domain work

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C.Killian (SIFMA) FWD to A. Pollard (FHFA) with R. Hockett piece on eminent domain

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C.Killian (SIFMA) FWD ltrs from U.S. House Reps voicing concerns about eminent domain to A. Pollard (FHFA)

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C.Killian (SIFMA) FWD with KL Gates article about eminent domain to A. Pollard (FHFA)

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C.Killian (SIFMA) FWD with letter voicing concerns about the use of eminent domain to the U.S. Congress from consumer groups to A. Pollard (FHFA)

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C.Killian (SIFMA) FWD with e-mail sent to the Eminent Domain Internal Workgroup to A. Pollard (FHFA)

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C.Killian (SIFMA) FWD with NYT eminent domain article to A. Pollard (FHFA)

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C.Killian (SIFMA) FWD with Bloomberg article covering R. Hockett’s view on eminent domain to A. Pollard (FHFA)

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R. Dorfman (SIFMA) e-mail asking A. Pollard (FHFA) to address Brockton, MA eminent domain advocates

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C.Killian (SIFMA) email informing A. Pollard (FHFA) about MRP’s activity in CA and NV

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C.Killian (SIFMA) FWD with e-mail he sent to the SIFMA Eminent Domain Workgroup A. Pollard (FHFA)

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C.Killian (SIFMA) FWD with a letter a servicer received from MRP A. Pollard (FHFA)

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A. Szalay (Mortgage Bankers Association) e-mail to A. Pollard (FHFA) regarding eminent domain’s continued popularity in CA and NV

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R. Dorfman(SIFMA) e-mail to M. Powers & J. Greenlee (FHFA) thanking them for their interest and laying out plans for San Bernadino, CA

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C. Killian (SIFMA) e-mail to A. Pollard (FHFA) about MPR’s progress in Richmond, CA

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Comment from M. Horn (Federal Home Loan Bank of NY)

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Comment from L. Lindsley (AFSCME)

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Comment email from A. Citroni

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Comment from B. Rees (AFL-CIO)

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Comment email from A. Niemuth

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Comment from A. Schur (ACCE)

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Comment from T. Deutsch (American Securitization Forum)

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Comment from Americans for Financial Reform

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Comment from J. Hughey (Americans for Prosperity Foundation)

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Comment email from A. Gonzalez

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Comment from B. Stern (Association of Financial Guaranty Insurers)

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Comment from J. Gidman (Association of Institutional Investors)

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Comment email and letter attachments from B. McKim

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Comment from D. Dykstra (CA and NV Credit Union Leagues)

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Comment from L. Arnold (California Association of Realtors)

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Comment from P. Adleson (California Mortgage Association)

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Comment email from C. Basham

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Comment from A. Carroll (Center for Popular Democracy)

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Comment email from C. Mosseri

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Comment from C. Wick (Council of Federal Home Loan Banks)

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Comment from M. Dunn (Credit Union National Association)

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Comment email and attachments from D. Katz (Castle Rock LLC)

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Comment email from D. Garrett

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Comment from Prof. D. Reiss (Brooklyn Law School)

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Comment email from D. Spriggs

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Comment email from E. Siracusa

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Comment email from R. Schillinger

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Comment from Housing Policy Council & Financial Services Roundtable

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Comment from D. Hawkins (Fresno Association of Realtors)

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Comment email from G. DeWan

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Comment from A. Grochala (Independent Community Bankers of America)

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Comment email from J.R.

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Comment email from J. Whyld

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Comment email from J. Greene

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Comment email from J. Woodworth

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Comment email from J. Duffy

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Comment email from K. Anderson

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Comment email from K. MacMillan

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Comment from F. Pallotta (Loan Value Group, LLC)

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Comment email from L. Tanu

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Comment email from M. Hamburg

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Comment email from M. Rodriguez

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Comment email from M. McBride

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Comment email from M. Diaz

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Comment email from M. DeGrasse

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Comment from D. Stevens (Mortgage Bankers Association)

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Comment from G. Williams (Mortgage Resolution Partners, LLC)

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Comment email from T. Prevost

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Comment email from N. Grandquist Fields (Louisiana Community Reinvestment Coalition)

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Comment from C. Hunt (NAFCU)

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Comment from M. Veissi (National Association of Realtors)

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Comment from M. Sauvante (National Commonwealth Group)

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Comment from J. Taylor (National Community Reinvestment Coalition)

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Comment from G. Rieman (NCSHA)

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Comment from C. Estes (National Housing Conference)

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Comment from M. Wallace (National League of Cities)

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Comment email from P. Seley

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Comment email from P. Lotto

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Comment email and attachments from R. Burgos

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Comment email from R. Fuentes

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Comment email from R. Offhaus

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Comment email from R. Arnold

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Comment email from R. Buckel

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Comment email from R. Hornsby (Schools First Federal Credit Union)

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Comment email from S. Meseck

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Comment from American Bankers Association (and others)

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Comment from W. Dellinger (O’Melveny & Myers LLP)

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Comment from B. Schultz (SpiritBank)

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Comment email from T. Brandon

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Comment from P. Adleson (Adleson, Hess & Kelly, APC)

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Comment email from DreamHomes4EDU

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Comment email from Alaskapaw

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Comment from M. Horn (Federal Home Loan Bank of NY)

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Comment from L. Lindsley (AFSCME)

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Comment email from A. Citroni

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Comment from B. Rees (AFL-CIO)

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Comment email frm A. Niemuth

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Comment from A. Schur (ACCE)

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Comment from T. Deutsch (American Securitization Forum)

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Comment and attachment from Americans for Financial Reform

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Comment from J. Hughey (Americans for Prosperity Foundation)

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Comment email from A. Gonzalez

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Comment from B. Stern (Association of Financial Guaranty Insurers)

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Comment from J. Gidman (Association of Institutional Investors)

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Comment email and attachments from B. McKim

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Comment from D. Dykstra (CA and NV Credit Union Leagues)

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Comment from L. Arnold (California Association of Realtors)

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Comment from P. Adleson (Adleson, Hess & Kelly, APC)

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Comment email from C. Basham

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Comment from A. Carroll (Center for Popular Democracy)

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Comment email from C. Mosseri

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Comment from C. Wick (Council of Federal Home Loan Banks)

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Comment from M. Dunn (Credit Union National Association)

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Comment email and attachments from D. Katz (Castle Rock LLC)

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Comment email from D. Garrett

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Comment from D. Reiss

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Comment email from D. Spriggs

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Comment email from E. Siracusa

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Comment email from F. Schillinger

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Comment from J. Dalton (HPC & FSR)

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Comment from D. Hawkins (Fresno Association of Realtors)

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Comment email from G. DeWan

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Comment from A. Grochala (Independent Community Bankers of America)

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Comment email from J. R.

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Comment email from J. Greene

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Comment email from J. Whyld

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Comment email from J. Woodworth

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Comment email from J. Duffy

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Comment email from K. Anderson

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Comment email from K. MacMillan

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Comment from F. Pallotta (Loan Value Group, LLC)

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Comment email from L. Tanu

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Comment email from M. Hamburg

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Comment email from M. Rodriguez

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Comment email from M. McBride

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Comment email from M. Diaz

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Comment email from M. DeGrasse

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Comment from D. Stevens (Mortgage Bankers Association)

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Comment from G. Williams (Mortgage Resolution Partners, LLC)

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Comment email from T. Prevost

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Comment email from N. Grandquist Fields (Louisiana Community Reinvestment Coalition)

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Comment email from C. Hunt (National Association of Federal Credit Unions)

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Comment from M. Veissi (National Association of Realtors)

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Comment from M. Sauvante (National Commonwealth Group)

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Comment from J. Taylor (National Community Reinvestment Coalition)

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Comment from G. Rieman (NCSHA)

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Comment from C. Estes (National Housing Conference)

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Comment from M. Wallace (National League of Cities)

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Comment email from P. Seley

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Comment email from P. Lotto

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Comment email and attachments from R. Burgos

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Comment from R. Fuentes

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Comment email from R. Offhaus

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Comment email from R. Arnold

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Comment email from R. Buckel

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Comment from J. Barton (Schools First Federal Credit Union)

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Comment email from S. Meseck

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Comment from American Bankers Association (and others)

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Comment from W. Dellinger (O’Melveny & Myers LLP)

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Comment from B. Schultz (SpiritBank)

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Comment from T. Brandon

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Comment from P. Adleson (Adleson, Hess & Kelly, APC)

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Comment from DreamHomes4EDU

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Comment from Alaskapaw

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Comment form Jim

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Comment from C. Katopis (Association of Mortgage Investors)

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Comment from S. Gimpel (Royal Bank of Scotland)

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Alliance of Californians for Community Empowerment, et al. v. Federal Housing Finance Agency

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Defending Targets of Discrimination

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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- who has written 8716 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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One Response to “EMAILS | Wall Street Group SIFMA Aggressively Lobbied a Federal Agency FHFA to Thwart Eminent Domain Plans”

  1. Sarah says:

    I don’t see Anthony Sanders or Susan Webber, I do see the Nat’l Association of Scumbags though. Ah, kleptocracy.

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