Julie L. Williams | OCC Chief Counsel Testifies on Efforts to Correct Foreclosure Deficiencies

OCC Chief Counsel Testifies on Efforts to Correct Foreclosure Deficiencies

WASHINGTON — The Office of the Comptroller of the Currency’s Chief Counsel Julie L. Williams provided an update on efforts to correct unsafe and unsound mortgage servicing and foreclosure practices during her testimony today before the Subcommittee on Housing, Transportation, and Community Development of the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Julie L. Williams

Photo of Julie L. WilliamsFirst Senior Deputy Comptroller and Chief Counsel

Julie L. Williams is First Senior Deputy Comptroller and Chief Counsel at the Office of the Comptroller of the Currency (OCC).

Ms. Williams was initially appointed Chief Counsel of the OCC in June 1994, with responsibility for all of the agency’s legal activities, including legal advisory services to banks and examiners, enforcement and compliance activities, litigation, legislative initiatives, and regulation of securities and corporate practices of national banks. She was designated as the agency’s statutory “First Deputy” by the Secretary of the Treasury in 1997. She was named First Senior Deputy Comptroller by Comptroller Hawke in September 1999.

From April 1998 until December 1998, and again from October 2004 until August 2005, Ms. Williams served as the Acting Comptroller of the Currency.

In addition to overseeing the OCC’s Law Department, Ms. Williams supervises the Licensing Department, as well as the Community Affairs Department. As the Comptroller’s top legal advisor, she is a member of the Executive Committee, providing advice and guidance on major issues and actions. She joined the OCC in May 1993 as Deputy Chief Counsel with responsibility for special legislative and regulatory projects.

Since September 2001, Ms. Williams has served as the OCC’s representative on the board of directors of NeighborWorks America, a nonprofit organization created by the Congress to support community-based revitalization efforts. She was designated Vice Chairman of the Board in 2007.

Before joining the OCC, Ms. Williams served in a variety of positions at the Office of Thrift Supervision and its predecessor agency, the Federal Home Loan Bank Board. From 1991 to 1993, she was Senior Deputy Chief Counsel, responsible for regulations and legislation, corporate and securities law, and general legal issues. She previously served as Deputy Chief Counsel for Securities and Corporate Analysis. She joined the Bank Board in 1983, after working as an attorney with the law firm of Fried, Frank, Harris, Shriver & Kampelman in Washington, D.C., from 1975 to 1983.

Ms. Williams is the author of “National Banks and the Dual Banking System (OCC, 2003),” “Savings Institutions: Mergers, Acquisitions and Conversions” (Law Journal Seminars-Press, 1988), and numerous articles on the regulation of depository institutions, financial services, securities and corporate law matters.

She was awarded a B.A. from Goddard College, Plainfield, Vermont, in 1971, and a J.D. in 1975 from Antioch School of Law in Washington, D.C., where she was first in her class.

Oral Statement and Written Testimony below…




Oral Statement

Written Testimony

7 Responses to “Julie L. Williams | OCC Chief Counsel Testifies on Efforts to Correct Foreclosure Deficiencies”
  1. I have files minimum 2 ft. high, and that is after tossing some! too over-whelming! this started in 2008 if not sooner, homeowners residence only one that counts? what happens when told to stay and short sell, and move back to original residence to gaurentee a modification?? All lies, most are too stressed too fill out these forms, most can not afford legal counsel, most legal counsils can;t help anyway, so what is the point!! So there isn;t even talk of fixing ones credit score, let alone the loss of equity that most all of us has lost; if you are a senior you will never get it back! reverse mortgage?? one has too have equity for that/1 It has all been nothing but lies, going on 5 years now, it was all about just foreclosure preferred, if you made enough noise you would get a short sell?? if you were even noiserer you would get a whopping $3,000 to move on, delivered day of moving with newpersons awaiting your departure; banks asume that we are all squatters, collecitng funds while not paying our mortgage, or working and collecting tons of monies while not paying our mortgage, don;t I wish! With medical costs and other emergencys no job, loss of income, just where do they think the money was coming from, however they would intimindate you into paying up your account in order too be considered??? all was just a play too get more monies, whcih went on an interest only account, showing nothing, then all additional fees, taking your loan to a unheard of amount?? then at point of sale the dollars were dropped to the investors?? This has demorallized the nation!! If anyone thinks the average person out here is running to vote or get envolved it has just been pounded on really hard! I do not see any return, You have really put the average American citizen in their places, we all know now that it is about you!! and never was about helping any homeowner.

  2. Bill McAuliffe says:

    All of these so called “Consultants” probably have “working” relationships with the entities they are presumably “reviewing”, whatever the Hell that means.

  3. Sarah Baker says:

    This lady (Julie Williams) isn’t going to help any homeowner, she’s a Bank employee. Notice the resume that includes time at the OTS. Aren’t we going to point the finger at these enablers?

  4. Fred Stetson says:

    This lady (Julie Williams) also had a role in the film about cc predators that her agency is supposed to “regulate” as opposed to “deregulate and let them get away with it.
    ‘Maxed Out’ also stars Liz Warren as a counterpoint to this ineffective bureaucrat/witch.

  5. kravitz says:

    what’s amazing is fraudulent documents will not be considered as a reason for compensation. and taking a settlement may mean giving up legal rights to sue…for something like those fraudulent documents. so here again, the OCC has created a way to absolve the banks of (as Sen. Menendez suggested) basically illegal activity.

    the process seems designed, rather blatantly, to make the banks whole, while making the borrowers vanish.

  6. lvent says:

    There is no legal “fix” for what they never did…they never delivered the notes to the trusts….and they all got rich off of SECURITIES FRAUD…Selling empty bags of goods to their minions and cohorts around the globe…They are all in on it…The only investors I feel sorry for are the people of modest means who fell for this scam…They are stealing your money as we speak on Wall Street…The Dow and S&P are down…It is a rigged game people…take your money out…BTW…the word is out, the OCC and the DOJ..are in cohoots to cover up the biggest financial coup de tat of the peoples wealth by the Plutocrats and the Oligarchs in history….

  7. Sue Ling says:

    Origination fraud. Better call John Dugan back into the office for that one, maybe he can help. Come to think of it, the appalling deficiencies of indictments and prosecution would be best asked of Justice/FBI. But that would require insisting upon “the rule of law”, which we know just inconveniences the royal Banksters, MBA and other rich and famous owner/rulers.

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