Government Oversight Chairman seeks nationwide foreclosure moratorium
“Without a doubt, losing a home can be one of the most traumatic experiences faced by an American family,” Towns said. “Anyone forced to go through this process should be treated fairly. Sadly, it appears this may not have been the case for some borrowers.”
Rep. Edolphus Towns (D-NY), chairman of the House Committee on Oversight and Government Reform, called for top banks to suspend foreclosures and for New York Attorney General Andrew Cuomo to investigate foreclosure practices.