Banks Illegally Foreclosed On Dozens Of Military Borrowers, Federal Investigators Say

Updated: 05/ 5/11 10:47 PM
http://www.huffingtonpost.com/2011/05/05/banks-illegal-foreclosure-soldiers-gao-report_n_858207.html

Two of the nation's largest mortgage firms illegally foreclosed on the homes of "almost 50" active-duty military service members, according to a Thursday report by the Government Accountability Office.

The report does not identify the two mortgage companies. GAO investigators attributed the finding to federal bank regulators, who recently completed a three-month probe into allegations of improper foreclosures carried out by the nation's 14 largest home loan servicers.

The GAO report, which focused on problems in the mortgage industry and the lack of federal oversight, is the first official study to feature a partial tally of military families whose homes have been illegally seized. The 50 or so wrongful foreclosures were discovered during regulators' review of only about 2,800 loans that experienced foreclosure last year.

(snip)
"The idea of wrongfully forcing service members’ families from their homes while their loved ones are risking their lives to protect our country is not only unconscionable, it’s illegal," said Sen. Al Franken (D-Minn.), one of the co-signers, in an emailed statement.

military, or old, or young, or disabled, or not disabled, or with children, or without children....
in other words, we are all of equal value.
(except for uber rich right wing republicans who are of no value.)