Mortgage Meltdown Mess Update

With all the excitement over yet another market melt up, some may have forgotten about the biggest story in process of decimating the US economy, and its entire mortgage-credit backbone. Here is a brief summary of all the comings and goings in the Mortgage Meltdown Mess, which may explain why the Fed is getting aggressive about inflating the living feces out of $10+ trillion in mortgage debt.

Rep. Zoe Lofgren and CA Democratic Delegation Asks for Investigations
http://lofgren.house.gov/images/stories/pdf/letter_to_investigate_banks_-_final_10.4.10.pdf

AFL-CIO Reiterates Call for Foreclosure Moratorium
http://blog.aflcio.org/2010/09/30/banks-should-follow-chase-and-declare-moratorium-on-foreclosures/

Freddie Demands Review of Servicer Policy
http://www.freddiemac.com/sell/guide/bulletins/pdf/iltr100110.pdf

Senator Menendez Sends Stern Letters to Banks, Asks for GAO Investigation

The Next New Century? LPS under investigation by Florida AG