News Roundup: States launch inquiry into foreclosure crisis

All 50 states and the District of Columbia have launched a joint probe into the country’s mortgage lenders as new data show that banks across the United States repossessed a record number of homes in September. The probe was launched after allegations that some mortgage servicers have been signing off on thousands of foreclosure
documents a month
without properly ensuring their validity.

Also in the news…

-compiled by Louis McGill

Leave a comment