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Connecticut Senator Announces Investigation into Foreclosure Practices

""Senator Richard Blumenthal"":http://blumenthal.senate.gov/, D-Connecticut, announced an investigation of mortgage servicers Monday.


The investigation will be conducted through the Senate Judiciary Committee and will examine foreclosure policies and procedures at top mortgage servicers.


""The rate of foreclosure and families that struggle with their mortgage payments is one of the single largest barriers to economic recovery that we still see today,"" Blumenthal says.

Blumenthal asserted his support for homeowners struggling to ward off foreclosure despite uncooperative servicers.

His office is already having an effect. Resident Janet Driscoll says, ""I believe today that it's because of the Senator's office that my family still has their home.""

""This investigation will ask the tough questions to bring about real changes to this broken system so that people can no longer be given the run-around when trying to stay in their homes,"" Blumenthal states.

In June, Blumenthal was one of several lawmakers who wrote to the ""Office of the Comptroller of the Currency"":http://www.occ.treas.gov/ urging them to work with State Attorneys General to investigate lapses in foreclosure procedures.

About Author: Krista Franks Brock

Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia.

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