Regardless of where the index stands, since the Dow gets so much attention, it’s interesting to note how its components are pushing and pulling on the measure. Let’s look at how the various component stocks are performing.
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Attorneys general in dozens of states plan to launch a joint probe into charges that banks used bogus paperwork to evict borrowers from their homes.
The investigation will go after charges that lenders including GMAC, JPMorgan Chase (JPM) and Bank of America (BAC) forged documents and faked social security numbers in order to foreclose on homes, The New York Post said.
Bank of…
Continue reading Attorneys General May Launch Foreclosure Investigation
Attorneys General May Launch Foreclosure Investigation originally appeared on DailyFinance on Mon, 11 Oct 2010 07:35:00.
Filed Under: Company News, Economy, JP Morgan Chase, Bank of America, Real Estate, Taxes, Credit
Bank of America plans to halt foreclosure sales across the nation, as it reviews whether it handled its foreclosure documentation and procedures properly, the banking giant said Friday.
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The state’s House Democratic delegation has asked the Justice Department, the Fed and Controller of the Currency to investigate the widespread — and growing — problem of faulty bank documents in foreclosure cases. One agency …
Bank of America is getting out of the wholesale mortgage business as it looks to put more resources into its direct-to-consumer retail mortgage channel, the largest U.S. bank announced Tuesday.
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