House Democrats Call for Principal Reduction, but Tax Time Bomb Would Make That Damaging for Borrowers

By: Wednesday December 12, 2012 10:00 am

Here’s a case of just not understanding what’s going on. Yesterday, Elijah Cummings and 18 House Democrats wrote a letter to the President and lead Congressional negotiators on the fiscal slope, urging them to include “provisions that will provide assistance to homeowners who are currently underwater on their mortgages” in the final deal. This sounds [...]

Charges and Counter-Charges at House Hearing on Benghazi Attacks

By: Wednesday October 10, 2012 11:30 am

Congress decided to return to work early, or at least one committee did. The House Oversight Committee is holding a hearing at this hour on the attack on the US consulate in Benghazi that killed four Americans, including US Ambassador Christopher Stevens. Marcy Wheeler has been bravely live-tweeting the event; I don’t think I could [...]

Rep. Cummings Asks True the Vote for Documents About Voter Registration Challenges

By: Friday October 5, 2012 12:23 pm

I’ve written previously about the Texas-based Tea Party group “True the Vote” involving themselves in voter suppression efforts in swing states. Some state laws allow any individual to challenge another’s voting status, and this has been put to use by True the Vote’s spinoff organizations in Ohio and at least three other states, to a [...]

House Democrats Lob Bribery, Tax Evasion Allegations at Walmart

By: Friday August 17, 2012 11:18 am

This is a couple days old, but two House Democrats have come into possession of evidence of significant crimes by Walmart, including bribery. The Democrats, Henry Waxman and Elijah Cummings, sought additional documents from Walmart on possible violations of the Foreign Corrupt Practices Act. The joint investigation by the Democrats on the House Oversight Committee [...]

Lavish Conference Spending Causes Wholesale Resignations, Firings of Leadership of General Services Administration

By: Tuesday April 3, 2012 6:15 am

Jonathan Alter had a celebrated piece a while back hailing the lack of scandals in the Obama White House. I don’t know if I’d call this a scandal, but you do have the immediate resignation in disgrace part: The head of the General Services Administration resigned Monday and two deputies were fired after an internal [...]

House Oversight Democrats Told Birth Control Access Hearing “Not About Reproductive Rights”

By: Thursday February 16, 2012 7:40 am

Democrats on the House Oversight Committee complained loudly about the Republican majority’s refusal to allow minority witnesses at a hearing on the Administration’s birth control access rules. The panel, which is happening live right now, was announced by Chairman Darrell Issa with the participation of nine panelists, all of whom oppose the new rules, including [...]

House Democrats Jump on Possibly Positive Comments from FHFA on Principal Pay-Down Plan

By: Thursday October 27, 2011 11:40 am

Yesterday, 19 House Democrats, mostly from the Oversight Committee, met for a second time with acting director of the Federal Housing Finance Agency Ed DeMarco. They came out of it cheering about DeMarco’s expressed support for a principal reduction program that Rep. Zoe Lofgren (D-CA) has laid out. Here’s a representative sample, from Reuters: The [...]

Fannie and Freddie Finally Kick Out Their Foreclosure Mill Law Firms

By: Wednesday October 19, 2011 9:35 am

I’d rather not even comment on the latest leak from the “I’m not dead yet” foreclosure fraud settlement talks. That trial balloon about allowing underwater borrowers to refi on bank-owned loans that I mentioned yesterday? Turns out that is being offered in exchange for more immunity for the banks. Marcy has the story. This is [...]

FHFA IG: Fannie Mae Knew About Foreclosure Fraud in 2003

By: Wednesday October 5, 2011 7:41 am

The real bombshell of the past 24 hours in housing was the report of the FHFA Inspector General, the second in two weeks damning the conduct of the GSEs. In this case, Fannie Mae was found to have known about foreclosure fraud, including serial fabrications of foreclosure documents and robo-signing, as far back as 2003. [...]

House Oversight Dems Get Their Meeting With FHFA Head DeMarco

By: Wednesday September 28, 2011 12:55 pm

A couple weeks ago, two Democrats on the House Oversight Committee fumed at their inability to get FHFA Acting Director Ed DeMarco in for a meeting about the Administration’s proposal to allow more people with Fannie and Freddie-backed loans to refinance. I wrote at the time: Reps. Elijah Cummings and Dennis Cardoza (the latter a [...]

Oversight Committee Dems Fume at FHFA Foot-Dragging on Refi Plan

By: Friday September 16, 2011 8:10 am

There is a little life left in at least some House Democrats, particularly the ones who have been irked by Administration housing policy. Reps. Elijah Cummings and Dennis Cardoza (the latter a Blue Dog, but from an area battered by housing woes, and so OK on this issue) requested a meeting with Ed DeMarco of [...]

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