Merkley, Wyden Call on JP Morgan Chase and Ally Financial to Halt Foreclosures in All States
Washington, D.C. – Following news that Bank of America will be halting foreclosures in all 50 states until further investigation into foreclosure practices takes place, Oregon Senators Jeff Merkley and Ron Wyden sent a letter to JP Morgan Chase and Ally Financial calling for a similar moratorium on foreclosure proceedings
Merkley Calls for Independent Investigation of Foreclosure Practices
Washington, D.C. – Following the news that Ally Financial improperly handled foreclosure documents and decisions by several of the largest mortgage servicers to freeze foreclosures, Oregon’s Senator Jeff Merkley sent a letter to U.S. Treasury Secretary Timothy Geithner and U.S. Secretary of Housing and Urban Development Shaun Donovan urging them
Merkley calls for investigation against Ally Financial
It was only time before the handling of foreclosures by loan providers made it to the political arena. And it looks like U.S Sen. Jeff Merkley, D-Ore., will be leading the push. Merkley sent a letter today to U.S. Treasury Secretary Timothy Geithner and U.S. Secretary of Housing and Urban
US Lawmaker Asks Administration To Investigate Mortgage Lenders
WASHINGTON (Dow Jones)–Sen. Jeff Merkley (D., Ore.) on Monday urged the Obama administration to start an independent investigation of Ally Financial and other servicers of home mortgages after the discovery that many foreclosure documents had not been properly reviewed. “I urge you to jointly appoint an independent investigator to examine
Merkley Announces an Additional $82 Million for Oregon Foreclosure Assistance
Washington, D.C. – Oregon’s Senator Jeff Merkley announced today that the U.S. Department of Treasury has awarded an additional $82 million to the Oregon Housing Finance Agency for the Hardest Hit Fund program. This brings a total of $220 million in federal assistance to Oregon for foreclosure-prevention assistance. “The only
To fix economy, put middle class first
It’s easy to miss between all the cable news diatribes and political posturing, but there are real philosophical differences in how Democrats and Republicans believe we can produce prosperity. My fellow Democrats and I believe the middle class drives our economy — when middle-class families do well, America does well.
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