October 13, 2010 /

It’s Now A National Probe

The foreclosure scandal probe is now being investigate by all 50 states: Regulators from all 50 states are launching a coordinated investigation into possibly “deceptive” and “unfair” foreclosure practices that may have illegally evicted families from their homes. A bipartisan group of state attorneys general from 49 states and financial regulators from 39 states will […]

The foreclosure scandal probe is now being investigate by all 50 states:

Regulators from all 50 states are launching a coordinated investigation into possibly “deceptive” and “unfair” foreclosure practices that may have illegally evicted families from their homes.

A bipartisan group of state attorneys general from 49 states and financial regulators from 39 states will work together to comb through foreclosure filings and documents from mortgage servicers to see if any state laws have been broken in the rush by services to kick borrowers out of their homes without following various state and local laws.

Of course it’s only national in the sense that all 50 states are looking into it. Congress and the White House don’t seem the keen on the idea. I guess it has something to do with “biting the hand that feeds you”. Is it any wonder the approval ratings are in the crapper?

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