http://www.zerohedge.com/article/mortgage-meltdown-mess-update
With all the excitement over yet another market melt up, some may have forgotten about the biggest story in process of decimating the US economy, and its entire mortgage-credit backbone. Here is a brief summary of all the comings and goings in the Mortgage Meltdown Mess, which may explain why the Fed is getting aggressive about inflating the living feces out of $10+ trillion in mortgage debt.
Rep. Zoe Lofgren and CA Democratic Delegation Asks for Investigations
http://lofgren.house.gov/images/stories/pdf/letter_to_investigate_banks_-_final_10.4.10.pdf
AFL-CIO Reiterates Call for Foreclosure Moratorium
http://blog.aflcio.org/2010/09/30/banks-should-follow-chase-and-declare-moratorium-on-foreclosures/
Freddie Demands Review of Servicer Policy
http://www.freddiemac.com/sell/guide/bulletins/pdf/iltr100110.pdf
Senator Menendez Sends Stern Letters to Banks, Asks for GAO Investigation
•JP Morgan Chase: http://menendez.senate.gov/imo/media/doc/20101005ltr_JPMorgan.pdf
•Bank of America: http://menendez.senate.gov/imo/media/doc/20101005ltr_BoA.pdf
•Ally Financial: http://menendez.senate.gov/imo/media/doc/20101005ltr_Ally.pdf
•Mortgage Servicers (identical letter sent to 117 companies): http://menendez.senate.gov/imo/media/doc/20101005ltr_MortgageServicers.pdf
•GAO: http://menendez.senate.gov/imo/media/doc/20101005ltr_GAOMortgages.pdf
The Next New Century? LPS under investigation by Florida AG
