FHFA More Concerned With Banks Than With Homeowners, California Lawmakers Say

The Federal Housing Finance Agency is well on its way to a remarkable achievement: proving less popular, among housing groups, than even the banks whose actions have exacerbated the foreclosure crisis.  For months, the regulator has drawn withering fire for its opposition to reducing loan values for some underwater borrowers. Now, some members of California’s congressional delegation are suggesting that the agency’s top lawyer, Alfred Pollard, is a stooge of the mortgage industry after he sent a letter expressing concern with pending state legislation meant to give homeowners facing foreclosure increased legal rights.  On Wednesday, 14 California lawmakers sent a response asking the FHFA’s inspector general and the Department of Justice to investigate whether Pollard’s letter constituted inappropriate lobbying.

Huffington Post

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s