Fed, Others Conducting Investigations At Top Mortgaging Services Says Official

Elizabeth Duke, who is on the Board of Governors of the Federal Reserve System, tells the Financial Services Committee that the Federal Reserve, among other agencies, are actively investigating the larger mortgage servicers to test that their policies are legal and effective. (0:31)

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Treasury Official: Administration Is Pursuing Mortgage Misconduct

Phyllis Caldwell, chief of the Treasury Department’s Homeownership Preservation Office, tells the Financial Services Committee that the Administration is leading an inter-agency effort to hold mortgage servicers accountable for misconduct. (0:26)

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Treasury Secretary: Mortgage Servicers Are Not Doing Enongh

Treasury Secretary Timothy Geithner accused mortgage service companies of not providing adequate assistance to Americans at-risk of losing their homes. (0:40)
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