Wednesday, October 20, 2010

White House begins probe today into mortgage servicers' operations

Housing Wire:

Regulators will meet Wednesday to hammer out the details on the White House's investigation into the foreclosure processes in mortgage servicing shops around the country.

The investigation will go through the Federal Housing Administration. Department of Housing and Urban Development Secretary Shaun Donovan, Treasury Secretary Timothy Geithner and U.S. Attorney General Tom Perrelli will be at the discussion, White House Press Secretary Robert Gibbs told reporters.

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