https://pittsburgh.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1128224&GUID=970E0C9A-F12E-4E3C-8AA7-2082AC11E102Legistar15https://pittsburgh.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1128224&GUID=970E0C9A-F12E-4E3C-8AA7-2082AC11E102970E0C9A-F12E-4E3C-8AA7-2082AC11E102-2018-09-18-20-29-30Title: WHEREAS, the nine largest mortgage-lending institutions have already made a $25 billion settlement with the Department of Justice and 49 state Attorneys General in the wake of the housing crises; and WHEREAS, additional charges related to origination and securitization of mortgages, also known as "mortgage backed securities," are still forthcoming; and WHEREAS, 11 million American and over 137,000 Pennsylvania homeowners continue to be affected by the collapse of the housing market; and WHEREAS, Congressional investigations into lending misconduct have still not led to indictments, while the financial industry is working vigorously to weaken legislation that has already been passed; and WHEREAS, there is significant concern both in the news media and among civic organizations that the investigation lacks adequate resources to undergo a thorough investigation; and WHEREAS, President Obama has the prerogative to increase resources on a Federal investigation; andTue, 18 Sep 2018 20:29:30 GMT