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Thursday, October 28, 2010
FCC announces freeze on new digital Low Power TV & Translator applications
The FCC announced on Oct. 28, 2010 a freeze on the filing of applications for new digital Low Power Television and TV Translator stations. Quoted from the FCC "Effective immediately, the Media Bureau announces a freeze on the filing of applications for new digital low power television (LPTV) and TV translator stations and major changes to existing analog and digital LPTV and TV translator facilities in so-called rural areas." More information is available by clicking here or going to www.fcc.gov.
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"It should be a basic thing to have one or two people who are responsive to a consumer and can keep track of their documents," said Marceline White, executive director of the Maryland Consumer Rights Coalition. "The fact that this isn't working yet is problematic, to say the least, and really contradictory to the intention of the settlement."
Maryland Attorney General Douglas F. Gansler said the servicing standards set down by the settlement are still new, and he expects "better conformity" with time.
"Is it perfect? Absolutely not," he said. "These were banks that were preying upon people in the first place, and they were willing to use robo-signing to throw people out of their homes. It's not as if they've suddenly found the light. Some are better than others. But look, by and large, the new servicing standards have been very well utilized and received."
Gansler also said that more principal reductions are in the works the settlement requires that a greater portion of aid go to reducing principal than to short sales. But he doesn't consider short sales a bad thing.
"It leaves people without consumer debt, it gets houses occupied in neighborhoods, bolsters prices in those neighborhoods," Gansler said.
Many of the short sales are Bank of America's. The company accounts for about 60 percent of those approved in Maryland through the settlement.
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