Attorneys will have to certify under penalty of perjury that they have personally reviewed all the key documents and that they have spoken directly with their clients, the foreclosing financial institutions. That will disrupt t…
Wells Fargo reported net income rose 3% to a record $3.34 billion in the third quarter, thanks to its merger with Wachovia, the bank said. Also, improving credit conditions managed to offset a 7% fall in revenue.
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The FBI is trying to determine if large lenders broke the law in the mortgage foreclosure crisis.
The agency is trying to determine whether individuals working for large mortgage lenders acted with criminal intent or were simply overwhelmed by events during the crisis, The Associated Press reported without naming its sources.
Attorneys general in all 50 states are currently…
Continue reading FBI Reportedly Investigating Foreclosure Crisis
FBI Reportedly Investigating Foreclosure Crisis originally appeared on DailyFinance on Wed, 20 Oct 2010 06:32:00.
Filed Under: Company News, Bank of America, Real Estate, Taxes, Credit
Federal agencies are investigating foreclosure processes after some major banks have said they would either review or suspend foreclosures because of possible errors. And Chicago-area law enforcers are halting foreclosure-relat…
Bank of America (BAC) is preparing to resume foreclosures in 23 states, just 10 days after halting the foreclosure process on properties in all 50 states. The foreclosure halt came amid concerns that company executives may have…