On Monday, July 18th, Ranking Member Elijah E. Cummings thanked Chairman Darrell E. Issa for agreeing to conduct a thorough, bipartisan investigation of illegal foreclosures, inflated fees, and other abuses against U.S. servicemembers and their families. Cummings provided Issa with drafts of joint letters to ten of the nation’s largest mortgage servicing companies: Ally Financial, Bank of America Home Loans, Citigroup, JP Morgan Chase & Co., MetLife, Inc., PHH Mortgage, PNC Financial Services Group, Inc., SunTrust Banks, Inc., U.S. Bancorp, and Wells Fargo & Company. At the Committee’s hearing on July 14, Cummings withdrew his motion to subpoena these mortgage servicers after Issa committed to first sending official Committee document requests to the ten companies to obtain the information covered by the subpoenas.
Read Cummings’ letter here.
