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Loan Modification

: Loan Modification & Home Loan News

Foreclosure delays to prolong housing slide

By Moe Bedard

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Foreclosure delays stemming from allegations that some lenders made mistakes in paperwork will drag out the time it takes for the U.S. housing market to recover, Fitch Ratings said in a report Monday. Allegations surfaced in September that banks evicted people without fully reading foreclosure documents. Major lenders, including Bank of America and Ally Financial [...]

Full post as published by Loan Modification & Home Loan News on November 02, 2010 (boomark / email).

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