Lawmakers: Probe foreclosures

Associated Press

WASHINGTON

More than 30 House members from California are calling on federal regulators to investigate whether mortgage companies broke the law by using paperwork that may have contained errors.

The Democratic lawmakers, led by Rep. Zoe Lofgren and House Speaker Nancy Pelosi, urged bank regulators and the Justice Department to probe whether mortgage companies violated any laws in handling foreclosures and borrowers’ requests for loan assistance.

The lawmakers sent the letter to Attorney General Eric Holder, Federal Reserve Chairman Ben Bernanke and John Walsh, acting comptroller of the currency.