'Whistleblower' Lan Pham Says Mortgage Securitization Still an Issue for U.S. Homeowners

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‘Whistleblower’ Lan Pham Says Mortgage Securitization Still an Issue for U.S. Homeowners

‘Whistleblower’ Lan Pham Says Mortgage Securitization Still an Issue for U.S. Homeowners

ABC-

Lan Pham, an economist fired by the Congressional Budget Office two years ago, is still asking whether the watchdog agency appeared to “diminish or deny” the problem of foreclosure fraud while providing analysis to Congress.

As lawmakers enter budget season in Washington D.C. and wrangle over House Republicans’ new budget blueprint, Pham is hoping to draw more attention to the housing market’s woes.

“Why is one of the most powerful government agencies that can determine the direction of the nation’s policies appearing to diminish or deny that the issue of mortgage securitization is a problem?” she said. “If it is a problem, we have a $7 trillion in mortgage-backed securities that has brought chaos to homeowners, whether or not they are in foreclosure.”

[ABC]

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