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Monthly Archives: October 2010

States to Unveil Joint Probe Into Foreclosures

By Lynette Silon-Laguna |

If the states have their way, mortgage companies will have to revamp the way they handle foreclosures, pay penalties for violations and expand help to homeowners on the verge of foreclosure. The top law enforcement officials of states around the country are already weighing the outlines of a potential settlement with the industry, said… Read More »

Bank of America Halts Foreclosures in 50 States

By Lynette Silon-Laguna |

WASHINGTON – Potential flaws in foreclosure documents are threatening to throw the real estate industry into a full-blown crisis, as Bank of America on Friday became the first bank to stop sales of foreclosed homes in all 50 states. The move, along with another decision on foreclosures by PNC Financial Services Inc., adds to… Read More »

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