Dodd to Hold Hearing on Mortgage Servicing and Foreclosure Practices

“American families should not have to worry about losing their homes to sloppy bureaucratic mismanagement or fraud,” said Dodd in a statement. “I am deeply troubled by recent revelations and allegations of practices by some of the nation’s largest lenders. Regulators at the federal, state, and local levels have a responsibility to uphold the law and protect consumers from unfair foreclosure, and lenders have a duty to not cut corners around the law.”