Blumenthal Announces Senate Probe of Mortgage Servicers
July 10, 2011
- The Senate Judiciary Committee will investigate charges of abuses by mortgage servicers, including improper loan modification agreements and shoddy foreclosure procedures, which might have resulted in improper home seizures, Sen. Richard Blumenthal announced Monday.Outrageous homeowner fees and inept tracking procedures by mortgage servicers have contributed to a rising number of unjustified foreclosures in Connecticut and nationwide, Blumenthal said at a press conference Monday at the Legislative Office Building in Hartford.
The judiciary committee will probe foreclosure procedures in place at the nations largest mortgage servicers and examine policies related to filing proofs of claim in the bankruptcy courts.
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