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Posted at 6:30 AM ET, 11/23/2010

Economic agenda: Tuesday, Nov. 23, 2010

By Mike Shepard

At 8:30 a.m. -- The Commerce Department releases its second estimate of growth in the third quarter of this year.

At 10 a.m. - The National Association of Realtors releases data on sales of previously owned homes in October.

At 10 a.m. - -The Federal Deposit Insurance Corp. releases data on profits in the banking industry during the third quarter.

At 11 a.m. - The newly created regulatory council tasked with monitoring risk across the financial sector holds its second meeting. Among the several items on its agenda, the Financial Stability Oversight Council is expected to discuss issues related to the processing of mortgages and foreclosures.

At 2 p.m. - The Federal Reserve releases the minutes from its most-recent monetary policymaking meeting.

By Mike Shepard  | November 23, 2010; 6:30 AM ET
Categories:  *Economic agenda  
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Next: Financial Stability Oversight Council getting abundant input, from all sides


Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers

"Although increasing numbers of courts are continuing to reject improper and fraudulent foreclosures, the Congressional Foreclosure Panel examination of mortgage services and foreclosure practices did not include foreclosure lawyers.

Lawyers are officers of the court; knowledge of applicable laws and civil procedure is not required from mortgage lenders. In states that require judicial foreclosures, lawyers are the ones who file lawsuits to seize and sell property; and lawyers are responsible for filing and recording foreclosure property deeds.

An investigation could prove helpful to sorting out whether improper and illegal foreclosure proceedings are linked to any self-dealing conduct disadvantaging lenders, investors, homeowners, and city governments. . .”

Request for fraudulent foreclosure investigation

Posted by: Anonymous | November 23, 2010 11:07 AM | Report abuse

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