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Volume 8 - Number 14

July 1, 2009

CT AG Probes GSEs’ Foreclosure Law Firm Selections

Connecticut Attorney General Richard Blumenthal, in an unpublicized move, has begun probing Fannie Mae and Freddie Mac over their foreclosure and default servicing practices, especially relating to their process for selecting law firms in foreclosure proceedings, Inside The GSEs has learned. Blumenthal is investigating reports that a majority of Connecticut foreclosures are assigned...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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