Texas A.G. Takes Action

As we mentioned in an earlier post, Texas Attorney General Gregg Abbott is attacking what he believes are inappropriate practices by debt collectors in the State of Texas. Yesterday, Abbott called on 30 companies who service mortgages in Texas to halt all foreclosure proceedings "until companies have completed a review of their processes, including whether employees or agents 'robosigned' affidavits and other documents which were recorded in the State of Texas."

In related news, the Washington Post is reporting that House Speaker Nancy Pelosi and several other House members are calling for a federal investigation on similar grounds.