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Municipal Group Of Pension Funds Tell Major Mortgage Servicers To Clean Up Flawed Foreclosure Process

By r morris

Bloomberg reports:A group of seven public-sector pension fund systems called on the boards of the four largest U.S. banks, including Bank of America Corp., to review foreclosure practices, saying there?s a ?fundamental? flaw in the companies? methods. The lenders, which also include Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc., should report their findings on annual proxy statements

Full post as published by The Home Equity Theft Reporter on January 11, 2011 (boomark / email).