Mortgage Lenders May Meet With Foreclosure Task Force Today
A government task force investigating the foreclosure crisis may meet with mortgage lenders as soon as today, Bloomberg News reported.
Attorneys general in all 50 states are investigating claims that lenders used flawed paperwork to foreclose on hundreds of thousands of homes.
"The banks want to sit down with the attorneys general. These meetings are being set up," Colorado Attorney General John Suthers told Bloomberg News. Suthers's office is a member of the executive committee of the task force.
Attorneys general across the country are taking a range of legal measures against lenders. The Ohio attorney general has sued, while others have requested that lenders halt foreclosures until the issues surrounding paperwork have been cleared up.
Some of the investigations began months before the coordinated task force started work.
Geoff Greenwood, a spokesman for Iowa Attorney General Tom Miller said that a meeting with lenders will take place today, but did not give any further details.