Kramer and Kaslow: Settlement Between U.S. Government and Nation's Largest Banks Could Help Homeowners Facing Foreclosure

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Philip Kramer: A settlement between top banks and the Obama administration could make it easier for homeowners to fight foreclosure

Kramer & Kaslow

According to Kramer and Kaslow lead attorney Philip Kramer, a new settlement between the U.S. government and the nation's largest bank could help homeowners facing foreclosure. The Huffington Post reports that, "The Obama administration and state officials are expected to offer the nation's five largest mortgage firms updated terms next week in ongoing negotiations over a settlement regarding the firms' faulty treatment of borrowers, according to three people with knowledge of the government plan.”

According to the Huffington Post article, “Tuesday's bipartisan meeting included the Washington Attorney General Rob McKenna (R) and Colorado Attorney General John Suthers (R), who called in remotely. Top officials from Florida's and Texas' attorney general offices, both led by Republicans, attended, along with the Democratic attorneys general from Delaware, Iowa, Illinois, North Carolina and Connecticut.

Top officials from the Treasury Department, Department of Justice and the Department of Housing and Urban Development were also present.”

Asked for a comment, Philip Kramer, a noted attorney and senior partner at the Martindale Hubbard “AV” rated law firm Kramer & Kaslow, comments, “This is potentially good news, if, and it is a big IF, the banks don’t succeed in watering it down to the point where it is useless.”

To learn more about Philip Kramer’s thoughts on the discussions, visit the Kramer and Kaslow blog.

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer & Kaslow, in Calabasas, California. Kramer & Kaslow is Martindale Hubbell “AV” rated. Mr. Kramer is a perennial recipient of the prestigious “Southern California Super Lawyer” award.

Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on business litigation, and real property matters. He has prosecuted and defended cases for over twenty five years.

Mr. Kramer is a licensed real estate broker and has spent considerable time providing legal services in connection with real estate issues relating to loan modification and loss mitigation, land use and zoning, environmental issues, easements, construction and development, finance, and landlord tenant matters.

Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 cases. He has appeared on nationally televised programs regarding pre-trial procedure and trial strategy and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer frequently lectures on a broad spectrum of various legal and business issues.

Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization dedicated to bringing professionalism and civility back into the legal profession. He also serves on numerous Boards of Directors and serves as an officer in many companies. For more information call (818) 224-3900 or visit


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Stuart R. Simone, Esquire
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