President Barack Obama’s top adviser said Sunday that he wants Congress to address improper foreclosures but indicated that the White House doesn’t support calls for a national moratorium.
“I’m not sure about a national moratorium because there are, in fact, valid foreclosures that probably should go forward and where the documentation and paperwork is proper,” Axelrod said on CBS’ Face the Nation.
“We are working closely with these institutions to make sure that they expedite the process of going back and reconstructing these and throwing out those that don’t work,” he said.
State attorneys general have stepped up pressure on banks after it was revealed that some bank employees had signed foreclosure affidavits without verifying that the documents were accurate, a process now known as “robo-signing.”
Ohio’s attorney general has filed a lawsuit against Ally Financial and its subsidiary GMAC Mortgage for allegedly submitting fraudulent documents in hundreds of foreclosure cases across the state.
Senate Majority Leader Harry Reid, D-Nevada, called on major mortgage servicers to consider halting foreclosures in all 50 states in a statement released Friday.
“It is only fair to Nevada homeowners to suspend foreclosures until a thorough review of foreclosure processes is completed and homeowners can be assured that their documents are being analyzed properly,” Reid said.
The White House announced Friday that the president would block a bill that would have made it more difficult for home owners to challenge foreclosures.
This video is from CBS’ Face the Nation, broadcast Oct. 10, 2010.
White House ‘shamed into submission’: Senate finally passes Armenian genocide bill despite Trump’s objections
In a direct refutation of the repeated objections of the Trump administration this Thursday, the Senate unanimously passed a resolution recognizing the Armenian Genocide.
As USA Today points out, the historic move will likely complicate US-Turkey relations since it acknowledges that Turkey, then known as the Ottoman Empire, carried out the systematic killings of 1.5 million Armenians from 1915 to 1923.
‘It’s all distractions’: CNN panel obliterates GOP for totally refusing to discuss Trump’s conduct
A CNN panel on Thursday obliterated House Republicans for once again completely ignoring the substance of allegations against President Donald Trump and instead throwing out numerous distractions intended to deflect attention from the president's actions.
"It's been distractions about the Bidens, it's been distractions about conspiracy theories about Ukraine's involvement in the election," said CNN legal analyst Carrie Cordero. "Yesterday, it was distractions about FISA and FISA so-called abuse. It was distractions from Congressman Gohmert reading calls from 1943! It's been all distractions and they won't wrestle with the actual conduct."
Fox News’ Chris Wallace calls Trump out for promulgating ‘the most direct sustained assault on freedom of the press in our history’
Even though Fox News hosts like Sean Hannity, Laura Ingraham, Tucker Carlson and Jeanine Pirro aggressively support President Donald Trump more often than not, he often takes to Twitter to complain when the right-wing cable news channel gives him a hard time. His main targets at Fox News include Judge Andrew Napolitano and Chris Wallace, both of whom have been highly critical of Trump at times. And when Wallace spoke at the Newseum in Washington, D.C. on Wednesday night, he didn’t hesitate to call out Trump’s bitterly anti-media rhetoric.