When the state tightened its foreclosure rules in response to the document crisis, it ordered the six largest servicers to explain why they should be allowed to continue foreclosing on homes. In effect, their response went something like this: “Trust us, everything’s fine now.”
Continue reading Big Banks to New Jersey: Stop Bugging Us About Foreclosure Documents
Big Banks to New Jersey: Stop Bugging Us About Foreclosure Documents originally appeared on DailyFinance on Mon, 10 Jan 2011 12:00:00.
Filed Under: Company News, Columns, Economy, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Real Estate, Credit