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The House Financial Services Committee under the direction of Chairman Barney Frank (D-MA) recently heard testimony from industry leaders. The session titled, "'A Review of Mortgage Servicing Practices and Foreclosure Mitigation" focused specifically on loan modifications, servicing practices and responsiveness to consumers.
Testimony was provided by:
- David G. Kittle , CMB, Chairman-Elect of Mortgage Bankers Association
- Mary Coffin , Executive Vice-President, Wells Fargo Home Mortgage
- Michael Gross , Managing Director for Loss Mitigation, Mortgage, Home Equity and Insurance Services, Bank of America
- Faith Schwartz , Executive Director, HOPE NOW Alliance
- James R. Barber , Chairman and CEO, Acacia Federal Savings Bank, on behalf of American Bankers Association
For additional Information, please click on the following links
David G. Kittle Prepared Testimony
Mary Coffin Prepared Testimony
Michael Gross Prepared Testimony
HopeNow Alliance Press Release
Faith Schwartz Prepared Testimony
James R. Barber Prepared Testimony
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 500 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.
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