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Pelosi, others call for probe of foreclosure irregularities
WaPo ^ | Oct. 5, 2010 | Ariana Eunjung Cha

Posted on 10/05/2010 2:48:59 PM PDT by fightinJAG

House Speaker Nancy Pelosi, Rep. Zoe Lofgren and other California Democrats are calling for a federal investigation into the processing of thousands of foreclosures by some of the nation's largest mortgage lenders.

In a letter to Attorney General Eric Holder, Federal Reserve Board Chairman Ben Bernanke and U.S. Comptroller John Dugan, the lawmakers said recent reports that Bank of America, J.P. Morgan Chase and Ally Financial may have improperly approved thousands of foreclosures "amplify our concerns that systemic problems exist."

(Excerpt) Read more at washingtonpost.com ...


TOPICS: News/Current Events
KEYWORDS: foreclosure; foreclosuregate; mortgage; title

1 posted on 10/05/2010 2:49:01 PM PDT by fightinJAG
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To: fightinJAG

....And here come the “free” houses! (stop paying on your damn mortgage now!)

I’m sure they will have a few more $$$$ for the banks too!

(we are SO screwed!)


2 posted on 10/05/2010 3:30:29 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: fightinJAG
And United Auto Workers President Bob King said last week that the union would withdraw money from JPMorgan Chase Bank because the company would not impose a two-year moratorium on foreclosures in Michigan.

You have to be kidding me. Those who feel empowered because Obozo sleeps at 1600 Penn. Ave. are about to have a serious wake up call. Remember, November is Coming.

3 posted on 10/05/2010 5:06:31 PM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: Texas Fossil

I missed that little tidbit. Yikes. These people are full of themselves, that’s sure.

Remember in November!


4 posted on 10/06/2010 6:54:08 AM PDT by fightinJAG (Step away from the toilet. Let the housing market flush.)
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