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Bank of America has decided to temporarily halt foreclosure sales in all 50 states. In a statement, spokeswoman Dan Frahm said, "Bank of America has extended our review of foreclosure documents.
Bank of America Corp., the biggest U.S. lender, extended a freeze on foreclosures to all 50 states as concern spread among federal. Lenders are being pressed by lawmakers to halt foreclosures amid.
Bank of America Halts Foreclosures in All 50 States from Zero Hedge : "As we expected when we reported that the Delaware AG got into the foreclosure fray (Delaware not being a judicial state), it was only a matter of time before foreclosures would be halted in all 50 states.
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Bank of America Chief Executive Brian Moynihan said Friday that the bank hasn’t found problems in its foreclosure process, but opted to temporarily halt all foreclosures to "clear the air." He said the bank wants to "go back and check our work one more time."
Bank of America Halts Foreclosure Sales in All 50 States. Bank of America said Friday that it will stop sales of foreclosed homes in all 50 states as it looks into reports that mortgage servicers signed foreclosure documents without reading them, a practice known as "robo-signing." "Bank of America has extended our review.
Bank of America has decided to halt all foreclosure sales. So will other banks follow BofA’s lead and what impact will the move have on the housing market? Rick Brooks and Brett Arends discuss.
Bank of America, the largest U.S. bank, had said a week earlier it would stop foreclosures in the 23 states where the process must be approved by a judge. Ally Financial and JPMorgan Chase had.
Bank of America is halting foreclosure proceedings in all 50 states as part of a widening investigation into flaws in the process, the company announced Friday.
Bank of America Corp., the nation’s largest bank, is stopping sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents. The company had previously said it.