October 2011
Agency's Own Data Show Principal Reduction Would Save Taxpayers Billions of Dollars
Former Fannie Mae Employee Calls into Question DeMarco's Response to Congress
(Washington, D.C.)—On Tuesday, July 12, 2011, Senator John D. (Jay) Rockefeller IV (D-W.Va.), Chairman of the Senate Committee on Commerce, Science and Transportation, and Representative Elijah E. Cummings (D-Md.), Ranking Member of the House Committee on Oversight and Government Reform, convened a forum to examine illegal foreclosures against U.S. service members and their families.
Washington, DC – Describing new evidence of illegal foreclosures, inflated fees, and other widespread abuses, Ranking Member Elijah E. Cummings wrote to Chairman Darrell Issa today to request that the Committee issue subpoenas to require mortgage servicing companies to produce previously-requested documents.
Washington, DC—Ranking Member Elijah E. Cummings, Housing Stabilization Task Force Co-Chair Congressman Dennis Cardoza, and 25 other Members of Congress wrote to President Obama today requesting a meeting with the highest ranking Administration officials that coordinate housing and foreclosure policy to discuss the President's mortgage refinancing proposal.
Washington, DC – Rep. Elijah E. Cummings, the Ranking Member of the House Committee on Oversight and Government Reform, released the following statement today in response to the U.S. Office of Special Counsel's (OSC) proposed legislative changes to the Hatch Act, which limits partisan activity of government employees:
Washington, D.C. -- Today, Ranking Member Elijah E. Cummings, Housing Stabilization Task Force Co-Chair Congressman Dennis Cardoza, and other Members will hold a meeting with Edward DeMarco, Acting Director of the Federal Housing Finance Agency, to discuss how the agency plans to implement President Obama's proposal to help responsible homeowners to refinance their mortgages at historically low rates.
WASHINGTON, D.C. -- Today, Ranking Member Elijah E. Cummings, Housing Stabilization Task Force Co-Chair Congressman Dennis Cardoza, and 15 other Members of Congress met with Edward DeMarco, the Acting Director of the Federal Housing Finance Agency (FHFA) to discuss the implementation of President Obamas mortgage refinance proposal.
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Washington, DC – At today's Oversight and Government Reform Committee hearing on wartime contracting, Ranking Member Elijah E. Cummings urged Chairman Darrell Issa to support legislation introduced by Congressman John Tierney, the Ranking Member of the Subcommittee on National Security, Homeland Defense, and Foreign Operations, to establish a permanent Inspector General to oversee contractors in war zones and root out waste, fraud, and abuse.