18 October 2010

Housing Secretary Donovan: Forclosure Mess 'Shameful'

The Washington Post

U.S. President Barack Obama's housing secretary Sunday said it was shameful that financial institutions may have made the housing crisis worse with mistakes in processing foreclosures.

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said in a column on the Huffington Post website that "a comprehensive review" of the foreclosure crisis was under way and that the administration would respond with "the full force of law where problems are found."

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