Justice to look into foreclosure practices after call by Pelosi, other House Dems

From the blog The Hill by Vicki Needham.

The Justice Department will probe the foreclosure practices of financial institutions for possible violations.

Attorney General Eric Holder announced a task force housed in the Justice Department will look into the foreclosure practices of a number of financial institutions for possible violations.

At a Wednesday press conference, Holder said the Financial Fraud Enforcement Task Force will probe a number of foreclosure proceedings in a growing number of states where questions have been raised.

The announcement follows a letter from House Speaker Nancy Pelosi (D-Calif.) and 30 other California House Democrats calling for a Justice investigation. …