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.ADVERTISEMENT
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.
Has anything changed since Burning Man’s sex assault and labor issues were exposed?
The last weekend in August marks the start of Burning Man, a week-long, festival in the Nevada desert consisting of freewheeling performance art, fanciful costumes, and a lot of drugs. The anarchic party with more than 50,000 attendees constitutes a pilgrimage for many attendees, lured by the promise of leaving the “default world” behind in exchange for a transformative or even spiritual experience.
Truckers are facing a ‘bloodbath’ in their industry — and it’s turning many in the pro-Trump group against him: report
Truckers are numerous, conservative, and hurting. And despite their widespread support for Donald Trump’s candidacy in 2016, a new report from Business Insider suggests the pain in the industry might be turning these workers away from the president.
The political trends in trucking are not insignificant. According to the American Trucking Associations, there were an estimated 3.5 million truck drivers in 2018. RTS Financial has found that there are 7.4 million jobs total “tied to the trucking industry.” And Business Insider reported that nearly 90 percent of truckers are registered voters, higher than the general population.
WATCH: Trump’s collusion with Russia is now a topic for impeachment — along with obstruction and racism
President Donald Trump's interactions with Russia are now a topic of the impeachment investigation.
"There was an important development in support for impeachment proceedings in the House of Representatives today," MSNBC anchor Lawrence O'Donnell reported Tuesday. "Important both in who the new support comes from and what that support is based on."
"Congresswoman Lauren Underwood of Illinois is one of the freshmen Democrats who flipped a Republican district last year in winning her election. She brings the total number of House Democrats supporting impeachment now to 126 -- a majority of the Democrats' 235 members of the House," he explained.