The White House Support Gained on Forclosure Halt, No on Moratorium

Secretary Robert Gibbs of the White House mentioned today that the Obama Administration will accept the probe into the faulty foreclosure proceedings, but against a moratorium.

This response hopefully will prevent the consequences of a widespread foreclosure freeze, while allowing banks such as Bank of America to “probe” the incidents relating to the 'robosigners', employees/agents who signed off on hundreds or thousands of foreclosure documents due to their lack of due-diligence to follow protocol.