Investigation of Housing and Foreclosure Crisis
Washington, DC – Today, Ranking Member Elijah E. Cummings issued the following statement in response to a decision by the Federal Housing Finance Agency (FHFA) to extend from three months to six months the forbearance period for unemployed homeowners with mortgages owned or guaranteed by Freddie Mac.
WASHINGTON, D.C. — On Thursday, September 15, 2011, officials from the Federal Housing Finance Agency (FHFA) will meet with Members of Congress to discuss a plan to allow more American families to refinance their mortgages at historically low rates. The meeting comes after repeated requests from House Oversight Committee Ranking Member Elijah E.
(Washington, DC) – Congressman Elijah E.
Washington, DC – Ranking Member Elijah E. Cummings requested today that Chairman Darrell Issa hold a Committee hearing on the issue of corporate executive compensation after a report reveals that 25 of the top 100 CEOs received more in compensation last year than their company paid in 2010 federal income taxes.
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 – Today, Ranking Member Elijah E. Cummings wrote to federal banking regulators to request copies of "engagement letters" between 14 mortgage servicing companies and the private consultants they hired to review their widespread foreclosure abuses. The deadline for federal regulators to approve these engagement letters is today.
Washington, DC — Today Oversight Committee Ranking Member Elijah E.
Washington, D.C. – Congressman Elijah E. Cummings, Ranking Member of the House Oversight and Government Reform Committee, sent a letter to John Walsh, Acting Comptroller at the Office of the Comptroller of the Currency (OCC) yesterday. The letter called on Walsh to consider postponing action to finalize a consent agreement with mortgage servicers, and demanded greater transparency from the OCC regarding the agreement, including a briefing for Congress on the foreclosure abuses the agency found in its investigation.