Foreclosure Chaos Could Hurt Banks, Housing Market

Posted by on November 16, 2010 Leave a comment (0) Go to comments

Flawed foreclosure paperwork could inflict huge losses on the nation’s top banks and spread chaos through the housing market, according to a congressional report.

Accusations that major mortgage lenders including Bank of America Corp. (BAC), used flawed or even forged documents to foreclose on homes have worried officials in state and federal governments.

Companies that service a total of $6.4…

Continue reading Foreclosure Chaos Could Hurt Banks, Housing Market

Foreclosure Chaos Could Hurt Banks, Housing Market originally appeared on DailyFinance on Tue, 16 Nov 2010 06:50:00.

Filed Under: Company News, Economy, People, JP Morgan Chase, Bank of America, Real Estate, Taxes, Credit

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