Sunday, October 17, 2010

HUD Secretary on Foreclosure-Gate: "Will respond with full force of the law"

by Calculated Risk on 10/17/2010 07:49:00 PM

From the HuffPo: How We Can Really Help Families

The recent revelations about foreclosure processing -- that some banks may be repossessing the homes of families improperly -- has rightly outraged the American people. The notion that many of the very same institutions that helped cause this housing crisis may well be making it worse is not only frustrating -- it's shameful.
[T]he Obama Administration has a comprehensive review of the situation underway and will respond with the full force of the law where problems are found. The Financial Fraud Enforcement Task Force that President Obama established last November has made this issue priority number one.
I hope actions follow words.