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Detailed text transcripts for TV channel - CNN - 20170119:16:38:00

Are certain things that were in the press, and the most troubling loan we had was actually to the octo-mom. we worked very hard. that was a terrible situation. we worked very, very hard to move her to another home that they could afford. but i can assure you that as chairman of the bank, i took these issues very seriously. it s not to say we didn t have certain mistakes. there were mistakes. we regret those mistakes. as i mentioned, we had hundreds of thousands of delinquent loans. and just as an aside, when you talk about loan modifications, banks are highly incented to do loan modifications. anyone who thinks we made more money foreclosing on a loan than modifying a loan has no understanding of this. we were highly incented. foreclosing is a terrible thing to do but it s also costly to the bank. ....

Octo Mom , Loan Modifications , Money Foreclosing ,

Detailed text transcripts for TV channel - FOXNEWS - 20170119:16:38:00

Are certain things that were in the press, and the most troubling loan we had was actually to the octomom, and we worked very, very hard, that was a terrible situation, and we worked very, very hard to move her to another home that they could afford. but i can assure you that as chairman of the bank i took these issues very seriously. it s not to say that we didn t have certain mistakes, there were mistakes, we regret those mistakes. as i mentioned we had hundreds of thousands of delinquent loans. and just as an aside, when you talk about loan modifications, banks are highly in scented to do loan modifications. anybody who thinks that we made more money foreclosing on a loan then modifying alone has no understanding of this. we were highly incentivized, foreclosing on people is a very, very terrible thing to do, but it s also very costly to the bank. ....

West Bank , Loan Modifications , Money Foreclosing ,

CNNW Your Bottom Line January 28, 2012

pac supporting them make it a deluge. that s a met for, really, since almost half of floridans are under water on their home loans, that is. mark preston, john avalon i want to start first with this field. mitt romney, you say he defined himself, mark, in florida at the cnn debate. and he s turned the page. i want to listen real quickly to what he said that you think is a turning point. is he still the most ant anti-immigrant candidate? i think of the four of us, yes. go ahead, governor. that s simply inexcusable. senator mark arubio came to my defense and said that ad was inexcusable and inappropriate. mr. speaker, i m not anti-immigrant. my father was born in mexico. my wife s father was born in whales. the idea that i m anti-immigrant was repulsive. was that the moment for him to take the upper hand again? the republican candidates have been distracted by issues such as immigration, legal immigration and mitt romney had taken heat from that. newt gingrich ....

Coming Up , Sunshine State , Home Loans , Mark Preston , John Avalon , Met For , Mitt Romney , Turning Point , Mark Arubio , Newt Gingrich , President Obama , Voting Booth , Housing Situations , Economic Problem , Proposing Solutions , Attack Mode , Jeb Bush , Unemployment Rates , Real Estate , Corn Counselor , Fund Education , Transition Tanks Taxes , Florida State Budget , Housing Sector , No Matter What , Student Loans ,

Detailed text transcripts for TV channel - MSNBC - 20110513:20:44:00

Foreclosure. has there been a rush to foreclose in your view? i think there has been a rush to foreclose. i think the thing that most made me upset is that you had people that qualified for a loan modification that were denied and went into foreclosure. reporter: lost their homes? lost the homes. even though they deserved modification. even though they did. reporter: why would a banker servicer do that? it comes down to dollars and cents. reporter: he say it is bottom line when you count the fees and expenses, servicers make more money foreclosing than modifying a loan. they have a huge financial incentive to foreclose. reporter: write who s now a paid expert witness against banks says servicers also were overwhelmed. by the sheer number of people asking for help. and denied some modifications just to clear up the backlog. ....

Loan Modification , Banker Servicer , Bottom Line , Money Foreclosing , Expert Witness ,

Detailed text transcripts for TV channel - MSNBC - 20110511:20:49:00

Banking some pay their house, that t that perpetrate these foreclosures? every we talked to is abundantly aware of that and adds to the injustice. as you know from the reporting you have done on this, five or six years ago, a mortgage servicer would have are worked out an arrangement with this family, let them reduce their payments, added money to the back end and gone helped them work through it, just not happening today. why not? the backes will blame it on the investors in this case, the lones family has quite a bit of equity in the house, quite a bit of equity in for them, the bank would actually make money foreclosing on them. a lot of cases, the banks will not help the individuals even when they could perhaps make more money by letting people ....

Mortgage Servicer , Dont Spend Money , In The House , Back End , Money Foreclosing ,