White House Supports 50 State AG Probe Into Allegedly Fabricated Court Documents As BofA, GMAC Announce Foreclosure Resumption

The Wall Street Journal reports:

• The White House is committed to holding banks accountable for any legal violations tied to housing foreclosures, White House Press Secretary Robert Gibbs said Tuesday. Gibbs also reiterated that the administration "strongly" supports an investigation by 50 state attorneys general into allegations that bank employees signed foreclosure documents without carefully reviewing the contents. Gibbs' statement comes as several large financial institutions, including Bank of America Corp. and GMAC Mortgage, a lender and loan servicer, said they were restarting foreclosures.

Source: White House To Hold Banks Accountable Over Foreclosure Violations (requires subscription; if no subscription, GO HERE, then click the appropriate link for the story).