Obama Administration Pushing For Homeowner Fund While State Officials Try To Levy Fines In Ongoing Mortgage Probes

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Obama Administration Pushing For Homeowner Fund While State Officials Try To Levy Fines In Ongoing Mortgage Probes

Obama Administration Pushing For Homeowner Fund While State Officials Try To Levy Fines In Ongoing Mortgage Probes

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The probes are focused on improper home repossessions and flawed — and sometimes illegal — foreclosure practices. Investigations were launched last fall after the nation’s largest lenders voluntarily halted home seizures when defective document practices — like so-called “robo-signing” — came to light, erupting into a national scandal. State officials, Obama administration policy makers and bankers are discussing possible settlements this week in a hotel outside Washington, D.C.

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