Foreclosure-Prevention Program ‘Deeply Troubling,’ Issa Says
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Representative Darrell Issa is broadening his list of investigations into President Barack Obama’s administration, saying difficulties in a government program for helping homeowners avoid foreclosure are “deeply troubling.”
Issa, the new chairman of the House Oversight and Government Reform Committee, said in a letter today to Representative Elijah Cummings of Maryland, the committee’s top Democrat, that the panel must give “strong oversight” to the taxpayer-funded program that gives lenders incentives to lower payments and renegotiate rates for homeowners.