A senior House Democrat is pressing federal regulators for additional information as to why they shut down a foreclosure examination program.
Rep. Maxine Waters (D-Calif.), ranking member of the House Financial Services Committee, sent her second letter within the past few weeks asking regulators why they terminated the Independent Foreclosure Review (IFR) following a $9.3 billion settlement with 14 banks over shoddy foreclosures practices.
Waters pushes for information about a foreclosure examination program
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