Network News

X My Profile
View More Activity





Ore. Senator calls for special investigator for foreclosures

Sen. Jeff Merkley (D-Ore.) called on the Treasury Department and Housing and Urban Development officials to appoint an independent investigator to examine the foreclosure actions at major loan servicers.

Merkley said he believes foreclosures at companies with known problems should not be allowed to move forward and that he's "deeply concerned" that several leading banks have been processing foreclosures without adequate review of key documents and with perhaps even fraudulent approval signatures.

In a letter dated Monday, Merkley went further than other U.S. lawmakers and state officials in asking that completed foreclosure actions also be reviewed. He said that "proper restitution under the law be made for every family not treated properly during the foreclosure process."

By Ariana Eunjung Cha  | October 6, 2010; 11:14 AM ET
Categories:  Housing  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: N.C. joins states calling for foreclosure moratorium
Next: Wells Fargo will spend $772M modifying loans

Comments

I wish Virginia had a Senator like Jeff Merkeley instead of the two anti-consumer, pro-business-crimes crooks that it has.

Posted by: solsticebelle | October 6, 2010 11:52 AM | Report abuse

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company