Posted on 03/23/2009 3:57:35 PM PDT by Free ThinkerNY
WASHINGTON (AP) President Barack Obama has named a former Freddie Mac executive to head the federal housing commission.
(Excerpt) Read more at silive.com ...
Is this an Onion headline..
Place your bets.
It was in the Washington Post, too. Maybe they are sharing content.
ROFLMAO
what? wasn’t barney frank available?
And no one will ever know the truth of what caused the current economic crisis, its all those dirty bankers' fault.
Nice cover. Many at Freddie Mac and Fannie Mae should be in jail for fraud.
Well , line up and get your "cheap" house today.
If you can't lick 'em, groin 'em.
$5 on 4.
What's one this guys resume? Senior VP in charge of what?!
Wells Fargo Home Mortgage, The Truth About Wells Fargo documents the irresponsible lending practices of one of the largest lenders in the United States. With a clear pattern of discriminatory lending, particularly within the African American community, Wells Fargo has contributed to the current economic and foreclosure crisis. National People's Action, a project of the National Training and Information Center, will deliver the report today with more than five hundred of its members. http://news.yahoo.com/s/usnw/20090323/pl_usnw/wells_fargo_s_predatory_and_discriminatory_lending_practices_documented
You know the gunk you get when you move the refrigerator after a decade or so? You scrape an unknown subatance off the floor. Why does that remind me of the Obama Administration appointments as a group>
Congressman Billybob
Latest article, "The Professor and the Madman"
The Declaration, the Constitution, parts of the Federalist, and America's Owner's Manual, here.
While Wells Fargo & Company would like to sweep their subprime lending history under the rug, it issued many types of problematic loan products at the center of the American foreclosure crisis, including $27 billion in subprime loans in 2006 alone.
“wasn’t barney fwank available?”
I was thinking more like little jamie what’s her name, unless she’s still too busy spending the bonus money she absconded with.
That is amazing. I wonder what the default rate has been on the loans he was involved in. What, wasn’t Jamie Gorelick available?
This is about as crazy as nominating a tax cheat to head the IRS...wait it minute...that’s been done already...
David H. Stevens
President and Chief Operating Officer
The Long & Foster® Companies
“David H. Stevens is President and Chief Operating Officer of the Long & Foster Companies which includes Long & Foster Real Estate and its Affiliated Businesses including Mortgage, Title, Insurance, and Home Service Connections, and David joined the Long & Foster Companies in July, 2006 as President of Affiliated Businesses. Prior to joining The Long & Foster Companies, Stevens was Executive Vice President, National Wholesale Manager responsible for all sales, operations, and finance for Wells Fargo Home Mortgages wholesale channel.
Prior to his joining Wells Fargo Home Mortgage, Stevens was Senior Vice President of the Single family business at Freddie Mac where he was responsible for all sales, marketing, affordable lending, product development, communications, and loan prospector for the firm. In this role, David served as lead spokesperson for the firm and managed all aspects related to sales, customer management, market share, and business strategy.
Stevens began his career at World Savings bank, where after 16 years; he was promoted to Group Senior Vice President, National Sales Manager for the mortgage division.
Stevens was the founding Executive sponsor of the Womans Mortgage Industry Network, and coordinated the first Latino initiative joint venture with Freddie Mac and Latino mortgage industry leaders. He currently sits on the Board of Directors for Long & Foster and the Real Estate Settlement Service Providers Council.
Stevens is a graduate of the University of Colorado at Boulder, is married to his wife Mary, and has four children.”
http://www.longandfoster.com/About_Us/Executive-Team.aspx
Ha! You were faster than me with Jamie G!
The fox is in the hen house.
http://www.respro.org/docs/Written%20Statement%20of%20David%20Stevens%20Final.pdf
Written Statement
of
David H. Stevens
President of Affiliated Businesses
Long and Foster Companies
On Behalf of
The Real Estate Services Providers Council, Inc. (RESPRO®)
Before the
U.S. House of Representatives
Subcommittee on Oversight and Investigations
of the
Committee on Financial Services
On
The Department of Housing and Urban Developments (HUD) Proposed
Real Estate Settlement Procedures Act (RESPA) Rule
September 16, 2008
Over/Under on number days until ACORN membership or tax problems are revealed is hereby set at 5.
Lets make it a little easier on the folks willing to put up their money!!
A side bet:
Did he ever get a bonus?
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