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maxine waters

Maxine Waters Under Investigation for Husband’s Bank Bailout

by Moe Bedard

WASHINGTON — The House ethics committee said Thursday it’s investigating whether California Rep. Maxine Waters used her influence to help a bank in which her husband owned stock — and whether the couple benefited as a result.
Waters is the No. 3 Democrat on the House Financial Services Committee and chairwoman of its subcommittee on housing. [...]

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Congresswoman Maxine Waters Calls for More Class Action Lawsuits to Prevent Foreclosures

by Moe Bedard

Washington, DC – Congresswoman Maxine Waters (CA-35), Chairwoman of the Financial Services Subcommittee on Housing and Community Opportunity, recognizing the impact foreclosures are having on the country, called on the attorneys general from the nation’s 50 states to bring suit against lenders in order to force more loan modifications.

“We need aggressive action to force lenders [...]

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Congresswoman Maxine Waters Hosts HUD Secretary

by Moe Bedard

Washington, DC – Congresswoman Maxine Waters (CA-35), who chairs the Housing and Community Opportunity Subcommittee and has been a leader of foreclosure prevention efforts, joined Shaun Donovan, the Secretary of Housing and Urban Development (HUD) during his visit to Los Angeles today for a tour of several foreclosed properties in South Los Angeles. 

The purpose of [...]

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Attention Washington: Do Your Jobs and Stop the Banks BULLSHIT!!!!

by Moe Bedard

In a revealing example of what she says the average homeowner faces, a California Congresswoman spent more than two hours on the phone trying, without success, to find someone at the Bank of America who could help a struggling constituent modify his mortgage payments. ABC News Nightline cameras were rolling as Congresswoman Maxine Waters (D-CA) [...]

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Systematic Foreclosure Prevention and Mortgage Modification Act

by Moe Bedard

Rep. Maxine Waters, chairwoman of the Subcommittee on Housing and Community Opportunity and most senior member of the Financial Services Committee from the state of California, has introduced the Systematic Foreclosure Prevention and Mortgage Modification Act of 2008 (H.R. 7326).
The legislation is designed to dramatically reduce the number of foreclosures by establishing a systematic approach [...]

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Waters Backs Bair and Turns Up the Loan Modification Heat in Washington

by Moe Bedard

“And so here we are and we don’t have any systematic way to help homeowners to modify these loans,” Rep. Maxine Waters (D-Calif.) said. “I’m not even going to cooperate with you anymore,” Waters said, turning to Chairman Barney Frank (D-Mass.) whose tireless efforts she praised.
“I just want you to know as much as [...]

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Frank calls for restructuring of the mortgage servicing industry if servicers fail to cooperate

by Moe Bedard

Finally! It looks like one of the peoples representatives, Barney Frank, has got hip to the fact that servicers have been giving a lot of lip service lately to everyone. From the homeowners reaching for help and to our government who has been asking them nicely to cooperate.
Thus far, servicers have been playing by [...]

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HOUSE PASSES BILL INTRODUCED BY CONGRESSWOMAN WATERS TO HELP COMMUNITIES HIT HARDEST BY FORECLOSURE CRISIS

by Moe Bedard

Washington, DC – The U.S. House of Representatives acted today to help communities hit hardest by the housing foreclosure crisis, passing legislation introduced by Congresswoman Maxine Waters (CA-35), the Chairwoman of the Housing and Community Opportunity Subcommittee.
 
By a vote of 239-188, the House passed The Neighborhood Stabilization Act (H.R. 5818), which authorizes a $15 billion [...]

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