Sen. Menendez and Colleagues Urge Transparency in Foreclosure Practices

Sen. Menendez and Colleagues Urge Transparency in Foreclosure Practices

WASHINGTON, DC – July 20, 2011 – (RealEstateRama) — In the wake of recent allegations that illegal foreclosure “robosigning” by banks is still rampant, U.S Senator Robert Menendez (D-NJ), Chairman of the Senate Subcommittee on Housing, Transportation, and Community Development, and nine additional Senators sent a letter today to the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation urging the agencies to publicly release information regarding each mortgage servicer’s performance to prevent illegal foreclosure practices. An identical letter was sent by Rep.

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