US Foreclosure Task Force Will Take 'Whatever Action' Needed
Dec. 20 -2010 -- The Obama administration's foreclosure task force is preparing to take action next year against any lenders or other institutions that acted “improperly,” US Treasury Secretary Timothy F. Geithner and Housing and Urban Development Secretary Shaun Donovan said in a joint statement today.
“The task force will take whatever action is necessary to hold accountable any institution that acted improperly,” the secretaries said. “We expect the results of these investigations will be presented to us next month.”
The task force met at the Treasury today to discuss an ongoing review of mortgage foreclosure procedures.
US Expects Foreclosure Probe Results Next Month
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