Sheila Bair Said to Be Top Pick for Foreclosure Fraud Monitor

Sheila Bair Said to Be Top Pick for Foreclosure Accord Monitor

Ex-Federal Deposit Insurance Corp. Chairman Sheila Bair is a top candidate among state officials to ensure banks comply with any settlement of a nationwide foreclosure probe, a person familiar with the matter said.

Bair, who led the FDIC from 2006 until this year, is supported by some states as a third-party monitor of any accord with mortgage servicers including Bank of America Corp. (BAC), though Citigroup Inc. (C) opposes her selection, said the person. Selection of a monitor is one of the final issues to be worked out between the banks and state and federal officials, said the person and one other also familiar with the talks. Both declined to be identified because the negotiations are secret.

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2 Responses to “Sheila Bair Said to Be Top Pick for Foreclosure Fraud Monitor”
  1. Charles Fetters says:

    The person to appoint is Alan Grayson.
    He at least is concerned about the defrauding of homeowners.

  2. lvent says:

    I saw Ms. Bairds interview on CNBC today…Ms. Baird does not want the job as fraudclosure monitor, but she recomends a ‘FIX’ to streamline the foreclosure process and make foreclosures go swifter…She said if people can’t afford a loan mod they need to GET OUT..!!!!..WOW.!!!!!..NOT A WORD ABOUT THE MASSIVE FRAUDS OR ANY CRIMINAL WRONG DOING BY THE GSE’S, THE BANKSTERS AND WALL STREET…….MS. BAIRD IS NOT OUR FRIEND..JUST LIKE OBAMA AND THE POLITICIANS, .MS. BAIRD IS IN CAHOOTS WITH THE ENEMIES OF AMERICA AND THEREFOR IS A TRAITOR….

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