Alison Frankel: Housing groups accuse DOJ of 'stonewalling' mortgage fraud cases

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Alison Frankel: Housing groups accuse DOJ of ‘stonewalling’ mortgage fraud cases

Alison Frankel: Housing groups accuse DOJ of ‘stonewalling’ mortgage fraud cases

I’m with this group the Campaign for a Fair Settlement.

REUTERS LEGAL-

Sometimes it’s no fun to be right. Back in January, right after President Obama announced a new and improved mortgage fraud task force to bring together the resources of state and federal agencies investigating mortgage lenders, I expressed doubts that the task force would get much done. The six months since then haven’t inspired any more confidence. There were early reports that the Justice Department hadn’t even allocated office spaceand telephones to the task force. In May, task force co-chairman Eric Schneiderman, the New York attorney general, conceded that the group could use more resources, which is never an encouraging sign.

On Thursday, three advocacy groups that pushed for the nationwide $25 billion mortgage settlement — the Campaign for a Fair Settlement, the Campaign for America’s Future and New Bottom Line — said in a call with media that the Justice Department is to blame for “stonewalling” mortgage fraud investigations. “Law enforcement people are frustrated and angry at stonewalling and roadblocks from the Justice Department,” said Richard Eskow of the Campaign for America’s Future. (Eskow has been even more inflammatory on his blog, asserting in a post this week that the DOJ “has a long-standing pattern of inactivity, obfuscation, and obstruction” in banking fraud investigation.)

[REUTERS ON THE CASE]

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One Response to “Alison Frankel: Housing groups accuse DOJ of ‘stonewalling’ mortgage fraud cases”

  1. Sandy Smith says:

    Look at the TaylorBean & Whitaker bankruptcy
    In Jacksonville Fl. All the mortgage backed securities
    Are being sold thru this Court. Bank of America
    Jp morgan chase etc
    Look at lending process services.
    Tracey Lawrence. Conviently found dead
    The morning she was to testify in court!!!!!!
    Against LPS.

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