"Because we're supported by the industry, are we really working for the homeowner? … Maintaining this neutral ground is hard to do, but we work very hard to keep our advice neutral."
— Bruce Paradis, chairman of the Homeownership Preservation Foundation, confronting the appearance of a conflict of interest in its contract with the Treasury Department. The foundation, created and largely funded by the industry, runs the hotline homeowners call to have loan modification denials reviewed.
" It is as bad as I have seen it."
— Al DelliBovi, president of the New York FHLB, assessing the state of animosity between the ABA and the ICBA after the former blamed the latter for enactment of a too-stringent Dodd-Frank.
" We shouldn't wait for legislation. … If Congress wishes to adopt further servicer standards, that may be a good thing. But we have a rule in Dodd-Frank that applies across the board."
— Michael Krimminger, acting FDIC general counsel, on its desire to include national servicing standards in risk-retention guidelines.
"I'm sure there will be mobile payments, … but I have a hard time believing that I'm not going to still be carrying a wallet at least with my ID and at least with my insurance card. It will be a slow transition."
— William Rossiter, vice president of marketing at Hypercom, regarding the technical and cultural obstacles faced by mobile payments.