POLITICS
12/12/2010 05:12 am ET Updated May 25, 2011

Obama Backs Foreclosure Probe By States, But Is Against Moratorium, Gibbs Says

President Barack Obama is throwing his support behind state attorneys general looking into filings of allegedly faulty home foreclosures while rejecting a nationwide freeze on home foreclosures because of potential "unintended consequences," said a White House spokesman.

Read more on Bloomberg