It’s February 18th. The announcement was on February 9th.Â Still no copy? Still nothing posted here.
No one can find a copy. No one has a copy. Members of Congress do not have a copy.
Not to kick off a conspiracy theory here but it is interesting that no copy can be found a week after the announcement. It prompts a situation where people are questioned on an agreement they have not seen.Â Today, Secretary of Housing and Urban Development Shaun Donovan briefed members of Congress on Capitol Hill on the mortgage agreement.Â But he gave out no actual copies and apparentlyÂ possessed no actual copies according to members who attended the meeting.Â When one of the members asked if there were copies of the agreement and when it would be available the member was told “soon” and “forthcoming.”
There is a website where the agreement is to be eventually posted.Â Some are beginning to think that the actual agreement has yet to be written — but if there was an agreement, some wonder why something can’t be seen on paper.
Rep. Elijah Cummings, whose district in Baltimore was hard hit by foreclosures, was asked about the agreement and whether he was concerned about there being no ACTUAL copies.Â He quicklyÂ responded, “no because I’ve talked to [Maryland AG Doug] Gansler, our attorney General, and I trust him. He’s seen it I guess and he felt comfortable with it, Cummings said. “But that is a good question,” he added.
Cummings spoke on substance of the agreement as announced, paying particular attention to provisions in the deal that focus on principle write downs in the deal.Â Cummings wants constituents to, “take advantage of the principle write down part of the settlement agreement.Â Eight percent of all loans are either Freddie Mac or Fannie Mae…Â African American people have a number of those loans so they won’t even qualify for this. One of the things we’ll be pushing on very hard is trying to get [inaudible] to go along with principle write downs and that is the key,” Cummings said.
The Congressman from Baltimore is a leader on the issue as the ranking member of the House Oversight Committee.