Officials call for voluntary halt to Md. foreclosures
Amid the brouhaha over "robo-signing" mortgage firms comes a call for a temporary halt to foreclosures in Maryland.
Congressman Elijah E. Cummings, Attorney General Douglas F. Gansler and Gov. Martin O'Malley sent a joint letter Monday to seven of Maryland's largest mortgage servicers to conduct a review of their legal process and to stop foreclosing in the meantime. The trio want the firms to ensure that they're following state law, particularly that staffers signing affidavits for foreclosure cases actually reviewed the information they're attesting is correct.
Several servicers have suspended foreclosure proceedings in 23 states -- the ones where foreclosure is treated as a full-blown court case -- as a result of reports about executives who individually signed thousands of documents a month.
Here's the full story, with comments from servicers -- who say the information in question is accurate -- and an attorney who says he's had clients foreclosed on in error.
And here's Cummings' weekend letter to O'Malley and Gansler, asking for a 60-day foreclosure moratorium. An O'Malley spokesman said Monday that the governor was investigating the possibility of such a ban.