Investigation of Housing and Foreclosure Crisis
Washington, D.C. (March 17, 2014)—Following the issuance by the Department of Justice's (DOJ) Inspector General of a report finding that the DOJ has not prioritized the investigation of mortgage fraud and has reported unreliable and inflated statistics regarding the scope of its prosecutorial efforts, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, Sen. Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep.
Washington, D.C. (Mar. 13, 2014)—Today, Rep. Elijah E.
Washington, DC (Feb. 12, 2014)— Senator Elizabeth Warren, Member of the Senate Committee on Banking, Housing and Urban Affairs, and Rep. Elijah E.
WASHINGTON, D.C. – In the absence of a long-promised public report, leading Democratic Members of Congress have called on federal regulators to disclose critically important information related to the Independent Foreclosure Review (IFR) process for 14 mortgage servicers and the $9.3 billion settlement that abruptly replaced it in January of this year.
Washington, DC —Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released a new report from the nonpartisan Congressional Budget Office (CBO) concluding that implementing principal reduction programs for underwater mortgages backed by Fannie Mae and Freddie Mac could save U.S.
Washington, DC (April 4, 2013) – Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released the following statement in response to a Government Accountability Office (GAO) report on banking regulators' review of foreclosure abuses:
Washington, D.C. -- Today, Senator Elizabeth Warren (D-MA) and Rep. Elijah E. Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry accepting their proposal for a meeting to discuss the requests Warren and Cummings have made for documents relating to mortgage servicer abuses identified as part of the Independent Foreclosure Review.