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CAN MOYNIHAN MANAGE BANK OF AMERICA?

机译:MOYNIHAN可以管理美国银行吗?

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摘要

On october 7.banr ofAmerica Corp. chief executive Brian Moynihan received a telephone call from Barbara Desoer, president of the bank's home mortgage division. A storm had been building for two weeks over shoddy paperwork in the U.S. mortgage market, prompting Bank of America, GMAC Mortgage and JPMorgan Chase & Co. to suspend foreclosure filings in 23 states where court orders are required to seize a house and triggering investigations into possibly fraudulent practices by attorneys general from dozens of states. For Bank of America, which originates one in five U.S. mortgages and services nearly 14 million loans worth a total of S2.1 trillion, the controversy carried enormous risks. Desoer, who had launched an internal review of the bank's procedures on September 22, told the CEO that questions by officials and consumer advocates had reached such a fever pitch that the bank should temporarily freeze all foreclosures.
机译:10月7日,美国银行首席执行官班恩·莫伊尼汉(Brian Moynihan)接到了该银行住房抵押贷款部门总裁芭芭拉·德索尔(Barbara Desoer)的电话。美国抵押贷款市场的伪劣文件已经持续了两周的风波,促使美国银行,GMAC抵押贷款公司和摩根大通公司在23个州中止取消抵押品赎回权的文件,这些州都需要法院下达命令来没收房屋并触发对可能是来自数十个州的检察长的欺诈行为。对于美国银行而言,这场争议带来了巨大的风险。美国银行发行了五分之一的美国抵押贷款,为将近1400万笔贷款提供了总计2.1万亿新元的贷款。曾于9月22日对银行程序进行内部审查的马斯克对首席执行官表示,官员和消费者权益提倡者提出的质疑已经到了极度疯狂的程度,以致该银行应暂时冻结所有止赎房屋。

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