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Labor & Employment Law
: The Law Planet BlogAre Banks trying to "Cover Up" Mortgage Foreclosure Fraud?
By Dobin & Jenks
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In two letters recently released by, Attorney General Richard Cordray criticized a number of banks and loan-servicing companies, including Wells Fargo & Co.; Ally Financial Inc.'s GMAC Mortgage; Bank of America Corp.; and J.P. Morgan Chase & Co. Mr. Cordray accused the banks of trying to paper over fraud committed in foreclosures with temporary fixes that don't address underlying problems in the banks' practices.
In light of the fiasco an option for banks would be to allow borrowers to modify read more
Full post as published by The Law Planet Blog on November 01, 2010 (boomark / email).
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