State of the Union Features Gov Probe of Lending Practices
February 6, 2012
President Barack Obama last week launched the creation of a new Residential Mortgage Backed Securities Working Group to further investigate mortgage origination and servicing abuses. Tonight, Im asking my attorney general to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis, the president said during his recent State of the Union address ...