Housing and Foreclosures
More on Housing and Foreclosures
On Monday, July 18th, Ranking Member Elijah E. Cummings thanked Chairman Darrell E. Issa for agreeing to conduct a thorough, bipartisan investigation of illegal foreclosures, inflated fees, and other abuses against U.S. servicemembers and their families. Cummings provided Issa with drafts of joint letters to ten of the nation's largest mortgage servicing companies: Ally Financial, Bank of America Home Loans, Citigroup, JP Morgan Chase & Co., MetLife, Inc., PHH Mortgage, PNC Financial Services Group, Inc., SunTrust Banks, Inc., U.S. Bancorp, and Wells Fargo & Company.
(Washington, D.C.)—On Tuesday, July 12, 2011 at 2:30 p.m., 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, will convene 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 sent a letter to Chairman Issa today requesting that the Committee examine allegations that hundreds of millions of dollars in taxpayer funds may have been squandered in the nation's largest low-income housing construction program, according to the first of a series of articles by the Washington Post. The article reports that nearly 700 projects nationwide – some of which date back to 2001 – have been stalled as developers abandoned their efforts, but retained federal funds.
(Washington, DC) – Congressman Elijah E. Cummings (MD-07), Ranking Member of the House Committee on Oversight and Government Reform, is pleased to announce that the hearing he requested, will be hosted by the Committee Tuesday, March 8, 2011 in Baltimore, MD. The hearing, entitled "The Foreclosure Crisis," will take place at the University Of Maryland School Of Law.