This right here says: SERVICERS CAN NOT FORECLOSE ON PROPERTIES!
Pelosi is now calling for an INVESTIGATION INTO FORECLOSURE FRAUD by the Banks!
Servicers' use of false affidavits to prove they have the right to foreclose recalls the predatory lending and "liar's loans" that fed the housing bubble in the first place.
"It really does show you, though, left to their own devices, [the banks] no sense of community, no sense of what's right for our country," said Pelosi. "Just get something so we can turn it into a financial instrument so we can short it or long it or whatever, and privatize the gain and nationalize the risk, both to the taxpayer, to the homeowner, to the consumer, it's stunning. This is a very big deal."
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