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Banks halt foreclosures to review paperwork nationwide
Bank of America paused foreclosures on homes across the United States to review documents for flaws, joining Ally Financial and JPMorgan Chase in suspending actions to check work and restore trust amid mounting pressure from state attorneys general. The move could affect tens of thousands of cases and is being watched as analysts warn it may impact housing recovery.
MENTIONED IN THIS ARTICLE
Washington
Nane of
America
Ally Financial
GMAC
Jpmorgan Chase
Bank of America
Fannie Mae
Freddie Mac
Brian Moynihan
National Press Club
Dan Frahm
Associated Press
Christopher Dodd
D-Conn
Senate Banking Committee
Michael Robinson
Levick Strategic Communications
Nancy Bush
NAB Research
Mark Zandi
Moody's Analytics
PNC
Pittsburgh Bank
New York Times
Litton Loan Servicing LP
Houston
Litton
Goldman Sachs Group Inc