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Loan Modification

: Mortgage Lender Implode-o-Meter

Home Lenders May Meet States Over Foreclosures Soon

By Implode-Explode Heavy Industries

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"All 50 states on Oct. 13 announced a coordinated inquiry into whether banks and loan servicers used false documents and signatures to justify hundreds of thousands of foreclosures. The probe came after JPMorgan and Ally Financial Inc.?s GMAC mortgage unit said they would stop repossessions in 23 states where courts supervise home seizures and Bank of America froze foreclosures nationwide."

Full post as published by Mortgage Lender Implode-o-Meter on October 28, 2010 (boomark / email).

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