Conyers Begins Investigation of Bank Industry’s Failure to Help Families Avoid Foreclosure

House Judiciary Committee Chairman John Conyers, Jr. (D-Mich.) and 19 other Judiciary Committee members today called on the Treasury Department to provide data on the banking industry’s efforts to voluntarily modify home mortgages to prevent foreclosures. This request comes in the wake of numerous committee hearings held on the escalating home foreclosure crisis and on the need for more effective action by the industry. Every day, 195 homes enter into the foreclosure process in Wayne County, Michigan.

The other signatories include Reps. Jerrold Nadler (D-N.Y.), Steve Cohen (D-Tenn.), Bill Delahunt (D-Mass.), Tammy Baldwin (D-Wis.), Luis Gutiérrez (D-Ill.), Bobby Scott (D-Va.), Linda Sánchez (D-Calif.), Zoe Lofgren (D-Calif.), Charlie Gonzalez (D-Texas), Debbie Wasserman Schultz (D-Fla.), Howard Berman (D-Calif.), Hank Johnson (D-Ga.), Dan Maffei (D-N.Y.), Robert Wexler (D-Fla.), Mike Quigley (D-Ill.), Adam Schiff (D-Calif.), Sheila Jackson Lee (D-Texas), Maxine Waters (D-Calif.), and the Hon. Pedro Pierluisi (D-P.R.)

The text of the letter is here.