Liberals Blast Obama Administration On Pending Mortgage Settlement


Liberals Blast Obama Administration On Pending Mortgage Settlement

Liberals Blast Obama Administration On Pending Mortgage Settlement

See this is how things get twisted because just today, Shaun Donovan announced that the Principal Forgiveness isn’t going to happen.

Fox News-

The Obama administration came under fire Monday from U.S. Democratic lawmakers and liberal groups, who argued that a forthcoming settlement over alleged foreclosure abuses won’t do enough to penalize the banking industry.

Administration officials and state attorneys general are have been putting the finishing touches on a settlement with major banks of foreclosure-processing problems that erupted into public view in fall 2010.

Housing and Urban Development Secretary Shaun Donovan and Associate U.S. Attorney General Thomas Perrelli were meeting in Chicago on Monday with Democratic attorneys general to review potential settlement terms, according to a spokesman for Iowa Attorney General Tom Miller, who has been leading the talks.

The officials were scheduled to hold a separate conference call with Republican attorneys general later in the day, but no announcement of a settlement was expected this week.


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One Response to “Liberals Blast Obama Administration On Pending Mortgage Settlement”


  1. […] Fox News reports that there is considerable controversy surrounding what are presumed to be inadequate penalties applied to banks involved in the mortgage foreclosure crisis. The final parameters of the settlement should be available within a few weeks.   […]

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