Testimony who heads the federal Housing Finance agency. This hearing will come to order. Room has been configured to maintain the recommended six that socialco distancing between senators, witnesses and other individuals in the room necessary to operate the hearing which we have kept to a minimum. Some members will be here and arpresent. The witnesses were here in person and others will be coming in by videoconference. I remind everyone once you start speaking there will be a slight delay before youve are displayeyou are displayedon theg in remotely to minimize background noise please click on the mute button until it is your turn mun to speak or ask questi. If theres any Technology Issue as usual, we will move to the next senator until it is resolved. I will remind all the fiveminute clock still applies. You should all have a box on your screen so those of you operating remotely will show the time that his remaining. After 30 seconds im going to try to remember to tap the gavel to rem
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A settlement in a class action lawsuit over how counties use proceeds from foreclosure sales means 43 Michigan counties, including Berrien, will have to pay
A settlement in a class action lawsuit over how counties use proceeds from foreclosure sales means 43 Michigan counties, including Berrien, will have to pay
serious crisis in the nation s mortgage industry. fox news confirms state attorney generals are working with lenders to create a foreclosure fund. the theory is that the government would use that money to compensate people that lost their homes because of mishandled documents. in some cases they made mistakes using so called ro bo signers. how would this fund work? do they have details yet? no. it s one of several solutions to this crisis that are being considered. the idea is to present a solution for both sides by helping the banks avoid lengthy legal chances while hoping homeowners who feel they were treated unfairly. yesterday they interrupted a