The Honorable Shaun Donovan, U.S. Secretary of Housing and Urban Development 451 7th Street, SW Washington, DC 20410I am deeply concerned about recent reports, this year, Financial and several leading banks have been processing foreclosures without adequate review of the key documents in question, and perhaps with fraudulent approval signatures of company representatives.
According to credible reports in the Washington Post and other media, Ally Financial did not exercise proper professional standards as decisions about the fate of families struggling to to keep their houses were made. These reports are more troubling because the U.S. Government. , A majority of the players in Ally Financial Announced the recent freeze in foreclosures by JP Morgan Chase, GMAC Mortgage, and Bank of America, held during internal investigations suggests that this problem is widespread and not confined to poor management in a single enterprise.
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