Thursday, September 30, 2010

Senator Franken letter on mortgage fraud

It takes a former comedian to call government officials out on the carpet in their role regarding the massive mortgage fraud.

http://franken.senate.gov/files/letter/100930_All_Financial_Letter.pdf


Excerpt:

"I respectfully request that you collaborate to conduct a thorough investigation into the alleged misconduct," the letter reads. "As part of this investigation, it is crucial that Ally and its employees are held fully accountable for any criminal misconduct. Additionally, all homeowners who may have experienced illegitimate foreclosure sales, those who have been forced to defend against illegitimate foreclosure actions, and those who have been harmed must be identified. These individuals must receive proper restitution and compensation, as provided for under the law. It is also critical to confirm that no loans provided through the Federal Housing Administration or in conjunction with the Home Affordable Modification Program were associated with Ally's misconduct."

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