Investigation of Housing and Foreclosure Crisis
Cummings Demands Information From Investment Company After Shocking New Report
Washington, DC (Nov. 16, 2016)—Rep. Elijah E.
Cummings, Brown Seek Information from HUD About Protections for Vulnerable Homeowners
Washington, DC (Feb. 1, 2016)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Sen.
Warren and Cummings Ask Banks about Swaps
Trading Practices After Key Section of Dodd-Frank Gutted
Washington, DC (Jan. 29, 2015) – Today, Senator Elizabeth Warren, Ranking Member of the Subcommittee on Economic Policy, and Rep. Elijah E.
Washington, D.C. (Jan. 22, 2015)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement after the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General required Wells Fargo and JPMorgan to pay $24 million and $600,000, respectively, in civil penalties for illegal mortgage kickbacks:
Washington, D.C. (Dec. 11, 2014)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, Rep. Maxine Waters, Ranking Member of the House Financial Services Committee, and Rep. Gwen Moore led 26 Members requesting that the Inspector General of the Federal Housing Finance Agency review Fannie Mae's and Freddie Mac's oversight of companies contracted to maintain foreclosed properties.
Washington, DC – Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Senator Elizabeth Warren, member of the Senate Committee on Banking, Housing and Urban Affairs, called on the Government Accountability Office (GAO) to investigate threats to consumers arising from the growth in non-bank mortgage servicing.
More than 3 million homes across the country will be foreclosed on this year, continuing a nationwide housing crisis that threatens our nation's economic recovery.
Ranking Member Elijah E. Cummings has been at the forefront of congressional efforts to investigate abuses by mortgage servicing companies and to work with housing regulators to implement reforms that will help Americans stay in their homes.
Cummings Efforts To Address Foreclosure Crisis in 2011
Washington, D.C. (April 29, 2014)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement in response to a Government Accountability Office (G.A.O.) report of the Independent Foreclosure Review (IFR) process:
New Documents Show High Error Rates at Banks, Foreclosure Review Terminated Before Full Harm Revealed