Financial Crisis Inquiry Commission to examine mortgage fraud and housing meltdown in Florida – NMP Skip to main content

Financial Crisis Inquiry Commission to examine mortgage fraud and housing meltdown in Florida

Sep 21, 2010

The Financial Crisis Inquiry Commission will host a hearing titled: “The Impact of the Financial Crisis – Miami, Florida, today, Tuesday, Sept. 21, 2010 at 9:00 a.m. EST at Florida International University's Modesto A. Maidique Campus, College of Law–Rafael Diaz-Balart Hall, located at 11200 SW 8th Street in Miami, Fla. The bi-partisan 10-member Financial Crisis Inquiry Commission was created by Congress and is charged with examining the causes of the financial meltdown, including complex financial derivatives; credit rating agencies, Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs), the shadow banking system, sub-prime lending practices and securitization, and the demise of banks that were deemed "too big to fail."  The Commission will also examine the collapse of major financial institutions that failed or would likely have failed had they not received exceptional government assistance. The Commission is comprised of Chairman Phil Angelides, Vice Chairman Bill Thomas, and Commissioners Brooksley Born, Byron Georgiou, Robert Graham, Keith Hennessey, Doug Holtz-Eakin, Heather Murren, John W. Thompson and Peter Wallison. Findings and conclusions are to be presented in a formal report to Congress and the President by Dec. 15, 2010. Schedule of events for the Commission's Miami session is as follows: Session 1: Overview of Mortgage Fraud ►William K. Black, Associate Professor of Economics and Law University of Missouri-Kansas City ►Ann Fulmer, Vice President of Business Relations, Interthinx and Co-Founder, Georgia Real Estate Fraud Prevention and Awareness Coalition ►Henry N. Pontell, Professor of Criminology, Law & Society and Sociology, University of California, Irvine Session 2: Uncovering Mortgage Fraud in Miami ►Dennis J. Black, President, D.J. Black & Company ►Edward Gallagher, Executive Officer, Economic Crimes Bureau, Mortgage Fraud Task Force, Miami-Dade Police Department ►Jack Rubin, Senior Vice President, JPMorgan Chase Bank ►Ellen Wilcox, Special Agent, Florida Department of Law Enforcement Session 3: The Regulation, Oversight, and Prosecution of Mortgage Fraud in Miami ►J. Thomas Cardwell, Commissioner, Office of Financial Regulation, State of Florida ►Wilfredo A. Ferrer, United States Attorney, Southern District of Florida ►R. Scott Palmer, Special Counsel and Chief of the Mortgage Fraud Task Force, Office of the Attorney General, State of Florida For more information or to register, visit www.FCIC.gov.
About the author
Published
Sep 21, 2010
TRUE Releases AI Governance Guide Ahead Of Fannie Mae Deadline

Guide focuses on tracing mortgage data from borrower documents through AI validation, human review, and final LOS entry

AD Mortgage Warns Condo Eligibility Changes Could Restrict Conventional Financing

Wholesale lender cites internal loan data to urge regulators to monitor whether new condominium eligibility standards reduce access to conventional financing

CHLA Says Direct Payments Are Key To Small FHA Loans

The lender group says mortgages below $100,000 routinely lose money, while LO compensation rules could prevent federal incentives from reaching originators

Solidifi Clears FHA Certification For UAD 3.6 Integration

The appraisal management company says it is the first to complete certification for FHA’s modernized EAD platform, giving lender clients an early path toward implementation

Vought To Face Congress Over CFPB Overhaul, Enforcement Pullback

Vought’s testimony also comes as a new poll suggests the CFPB retains broad support across party lines

Illinois Changes Property Tax Foreclosure Process To Return Surplus Equity

Borrowers can save remaining home equity after delinquent property taxes and fees are paid