Federal agencies probing foreclosure problems

WASHINGTON -- The White House says federal agencies are investigating allegations of widespread errors in foreclosure documents.

White House Press Secretary Robert Gibbs says in a statement that an interagency task force on financial fraud has launched an investigation into the foreclosure process. He also says the Federal Housing Administration, a federal agency that guarantees mortgages, is investigating, too.

"We remain committed to holding accountable any bank that has violated the law," Gibbs says.

Gibbs says the administration supports an effort by attorneys general in 50 states to investigate the matter. Several administration officials, however, have said over the past week that they don't back a nationwide halt to foreclosures.

 

Advertisement
  +

Recent Comments

Latest Blogs

Blogging the Rambler
Herbert, who hates all things fed, demands more fed...
By: Charles Trentelman

Thursday, March 28, 2013 - 3:58pm

The Political Surf
Obama administration is best ally the GOP has in its...
By: Doug Gibson

Wednesday, May 22, 2013 - 2:51pm

Me, myself... as mommy
Time to get my post-baby butt back to the gym
By: MeganSanders

Tuesday, May 14, 2013 - 12:13am

Why Are You Crying?
Legislative marriage counselors
By: Mark Shenefelt

Tuesday, February 26, 2013 - 4:37pm

Standard-Examiner Sports Blogs
Weber State, Ogden City to honor “special guest” from...
By: Roy Burton

Wednesday, May 1, 2013 - 12:37pm

Latest Tweets