October 12, 2010
As Fraud Scandal Grows, White House Opposes National Moratorium on Foreclosures
A coalition of as many as forty state attorneys general is expected to announce Wednesday a joint investigation into the recent revelations that major lenders may have committed fraud while forcing thousands of people out of their homes. While senior congressional Democrats have joined the calls for a national moratorium on foreclosures, the White House is arguing against punishing the industry. We speak to Democratic Rep. Ed Towns of New York.
Blogger's Note: If you missed my earlier post on this subject and are interested it knowing more, check it out.
Why Are Bailed-Out Banks Breaking into Struggling Borrowers’ Homes?
Last week Florida resident Nancy Jacobini revealed that an agent hired by her bank broke into her home after she fell behind on her mortgage payments. Thinking she was being burglarized, Jacobini called 911. We speak to Jacobini’s lawyer Matthew Weidner and Bruce Marks, the founder and CEO of the Neighborhood Assistance Corporation of America, a housing services organization that’s been calling for a national moratorium on foreclosures for years.