During his State of the Union address tonight, President Obama will announce the creation of a special unit to investigate misconduct and illegalities that contributed to both the financial collapse and the mortgage crisis.
The office, part of a new Unit on Mortgage Origination and Securitization Abuses, will be chaired by Eric Schneiderman, the New York attorney general, according to a White House official.
Schneiderman is an increasingly beloved figure among progressives for his criticism of a proposed settlement between the 50 state attorneys generals and the
EXCLUSIVE: Obama To Announce Mortgage Crisis Unit Chaired By New York Attorney General Schneiderman
MY NOTE: read full article by clicking on title link or red underlined link above. Well let’s see – I doubt that this will do anything for the victims, but hey let’s at least look into the topic. State of the Union address tonight will probably sound good, but where the hell has the President been in the last 4 years?
1 comment:
Hi friends,
The goal of most Americans is to own a home. Congress wanted loans to be made to low income citizen by eliminating the down payments and providing 100% financing. The mortgage holder was able to buy a home for the same amount they were paying for rent. Thanks a lot.....
Palm Beach County Real Estate
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