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barney frank on foreclosures

Chase CEO writes Barney Frank a letter / Franks says $50 billion for housing is not enough

by Moe Bedard

House Financial Services Chairman Barney Frank (D.-Mass.) received a letter last week from JP Morgan Chase CEO Jamie Dimon announcing a three week foreclosure moratorium.

This just a day or so after Frank had called on mortgage servicers to impose a foreclosure moratorium to delay unneccasary foreclosures until the Obama adminisaration announces the housing details of the recently passed stimlus plan on Wednesday.

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Frank, regulator urge suspension of foreclosures

by Moe Bedard

“I would ask all of you now to please make sure that we have a moratorium in effect,” said House Financial Services Committee Chairman Barney Frank, D-Mass., at a hearing where the CEOs of eight major banks testified about how they were using money from a $700 billion bank bailout fund.

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Frank and Waters Call For FDIC’s Bair to Lead Country’s Loan Workout Efforts

by Moe Bedard

Barney Frank and Maxine Waters are calling on the FDIC’s Sheila Bair to take the loan workout reins and lead the charge to put the brakes on our nation’s foreclosure epidemic. In a letter to President Bush today, they wrote that they were “very impressed” with Bair’s recent work at the failed Indymac with her loan modification program [...]

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