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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosure Freeze: PNC Financial Services Suspends Sale of Foreclosed Homes

By Implode-Explode Heavy Industries

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"PNC Financial Services Group is now the fourth major lender to impose a foreclosure freeze because of mounting public pressure on mortgage banks to review their foreclosure documentation procedures. According to the New York Times, a title insurer said he received a memo from PNC informing that the bank?s sales of foreclosed homes is suspended for 30 days"

Full post as published by Mortgage Lender Implode-o-Meter on October 08, 2010 (boomark / email).

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