The Hill News

Once again President Obama finds himself faced with a catastrophe created by a combination of big business interests and poor federal regulatory oversight. White House advisor David Axelrod said Sunday that the administration is pressing lenders to accelerate their reviews of foreclosures to determine problems with documentation. Last week I urged a call to action to tell President Obama not to sign H.R. 3808. That bill would have loosened notary paperwork requirements for foreclosing on mortgages, already shown to be lax and in some instances, even frau! dulent.

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