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Loan Modification

: Mortgage Lender Implode-o-Meter

Foreclosure Deals to Start With Big Lenders, Iowa Says

By Implode-Explode Heavy Industries

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"All 50 U.S. states are investigating whether banks and loan servicers used false documents and signatures to justify hundreds of thousands of foreclosures. The probe, announced Oct. 13, came after JPMorgan and Ally Financial?s GMAC mortgage unit said they would stop repossessions in 23 states where courts supervise home seizures, and Bank of America, the largest U.S. lender, froze foreclosures nationwide."

Full post as published by Mortgage Lender Implode-o-Meter on January 04, 2011 (boomark / email).

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Related Law Articles

How to Stop Home Foreclosure
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Lawsuits and Settlements

GMAC Faces Class Action over Foreclosure Abuses
GMAC Faces Foreclosure Abuses Class Action

Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.

Bank of America Faces Class Action over Mortgage Foreclosure Practices
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Class Action Filed Against Banks in Foreclosure Proceedings
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Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.

Countrywide Financial Corp.
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