Hearings

Cspan video

The Senate Banking, Housing and Urban Affairs Committee voted for a second time on the nomination of Peter Diamond to be member of Federal Reserve Board of Governors. Committee members approved Mr. Diamond’s nomination on July, 16-77, 2010, with three panel Republicans joining Democrats in recommending his confirmation. Following the vote, the committee held a hearing on allegations of improper and fraudulent mortgage services and foreclosure practices. Witnesses included Iowa Attorney General Tom Miller and home loan bank chief executive officers and mortgage lawyers.

Problems in Mortgage Servicing From Modification to Foreclosure

Tuesday, November 16, 2010
03:15 PM - 06:00 PM
538 Dirksen Senate Office Building

[view archive webcast]
The witnesses will be: The Honorable Tom Miller, Attorney General, State of Iowa; Ms. Barbara J. Desoer, President, Bank of America Home Loans; Mr. David Lowman, CEO, Chase Home Lending; Mr. Adam J. Levitin, Associate Professor of Law, Georgetown University Law Center; and Ms. Diane Thompson, Counsel, National Consumer Law Center. Additional witnesses may be announced at a later date.

Majority Statements

• Sherrod Brown [view statement]

Witnesses

Panel 1

• Honorable Tom Miller [view testimony]
  Attorney General
  State of Iowa
• Ms. Barbara Desoer [view testimony]
  President
  Bank of America Home Loans
• Mr. David Lowman [view testimony]
  CEO
  Chase Home Lending
• Mr. Adam J. Levitin [view testimony]
  Associate Professor of Law
  Georgetown University Law Center
• Ms. Diane E. Thompson [view testimony]
  Counsel
  National Consumer Law Center
• Mr. R. K. Arnold [view testimony]
  President and CEO
  Mortgage Electronic Registration System