Investigation of Housing and Foreclosure Crisis
Washington, DC – Today, Ranking Member Elijah E. Cummings sent a letter to Chairman Issa requesting that he invite Edward DeMarco, the Acting Director of the Federal Housing Finance Agency (FHFA), to testify at the Committee's hearing on executive compensation at Fannie Mae and Freddie Mac on November 16, 2011.
Washington, DC – Today, Ranking Member Elijah E. Cummings sent a letter to the law firm of Steven J. Baum requesting records, documents, and communications relating to allegations of improper and potentially illegal actions in the processing of foreclosures.
Washington, DC – Representative Elijah E. Cummings, the Ranking Member of the House Committee on Oversight and Government Reform, today alerted homeowners who have been the victims of illegal or improper foreclosure related actions to a new online claims process announced today by the Office of the Comptroller of the Currency (OCC).
Washington, DC—Ranking Member Elijah E. Cummings issued the following statement on a new GAO report issued regarding AIG. The report found inconsistent accounts of attempts by the Federal Reserve Bank of New York to negotiate with AIG's counterparties to lower U.S. taxpayer exposure.
Washington, DC (Oct. 18, 2011) – Today, Congressman Elijah E. Cummings, Ranking Member of the Committee on Oversight and Government Reform, responded to an announcement by the Federal Housing Finance Agency (FHFA) that it has instructed Fannie Mae and Freddie Mac to begin "transitioning away" from their use of designated foreclosure attorney networks to a system under which "mortgage servicers select qualified law firms that meet certain minimum, uniform criteria."
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, 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.
Cummings Ramps-up Investigation; Sends New Document Request to FHFA