Settlements with mortgage servicers that abruptly ended their participation in an Independent Foreclosure Review are facing new scrutiny.
On Thursday, Senator Elizabeth Warren (D-Mass.), newly elected and named to the Senate Banking Committee, and Rep. Elijah Cummings (D-Md.), the top Democrat on the House Committee on Oversight and Government Reform, sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry demanding additional information about those settlements.
