Relevant:
- Elizabeth Warren, Elijah Cummings, Maxine Waters Call For More Transparency On Failed Foreclosure Reviews
- Rep. Waters to Reform the Government’s Role in the Secondary Market
- Congresswoman Waters urges Congress to take action to help struggling homeowners
- Congress Begins Investigation of Botched Foreclosure Review Cover-Up Settlement
- $25B deal with banks over deceptive foreclosure practices sent to AGs as settlement nears
2013-02-06 — huffingtonpost.com
The top Democrat on the House Financial Services Committee called Tuesday for Congress to "immediately" hold a hearing to investigate a controversial $8.5 billion foreclosure abuse settlement reached this year.
Rep. Maxine Waters (D-Calif.) said in a letter to Rep. Jeb Hensarling (R-Texas), the chairman of the committee, that she wanted bank regulators to explain what went wrong during a case-by-case review of foreclosed homes that ended "abruptly" earlier this year, why a cash settlement with the mortgage industry was reached instead, and what the deal means for struggling homeowners.
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