New federal investigation into foreclosures launched as crisis continues

Fri, 01/27/2012 - 15:39
  • Year: 2012
  • Length: 4:41 minutes (4.29 MB)
  • Format: MP3 Mono 44kHz 128Kbps (CBR)

New details are emerging about the mortgage fraud working group that President Obama announced earlier this week in his State of the Union address. The group will investigate how mortgages were packaged over the past decade and prosecute any provable wrong-doing. The group is made up state attorneys general, FBI agents and federal officials from different agencies and held its first meeting today. They say they’ll begin working immediately to secure relief for families facing foreclosure, and hold the financial institutions accountable for their crimes. FSRN's Alice Ollstein reports.

 

 

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