TV News LIES

Wednesday, Sep 02nd

Last update02:18:02 AM GMT

You are here News Economy 50 state attorneys general announce foreclosure probe

50 state attorneys general announce foreclosure probe

E-mail Print PDF

Foreclosure probes in 50 statesThe attorneys general of all 50 U.S. states announced Wednesday that they are joining to probe mortgage loan servicers who are accused of submitting false affidavits, but they stopped short of calling for a national moratorium.

The multistate investigation will initially focus on whether Bank of America, J.P. Morgan Chase, Ally Financial and other large mortgage companies made misleading or fraudulent statements to evict struggling borrowers from their homes.

Indiana Attorney General Greg Zoellersaid investigators initially will focus on whether industry employees - so-called "robo-signers" - signed off on thousands of foreclosures every month without reviewing the files as legally required. Homeowner attorneys also allege that lenders forged signatures and improperly notarized documents.

Such actions might have violated laws against unfair and deceptive trade practices, which could result in civil penalties. Typically the laws have been used to protect consumers from false advertising, but state officials say they could also be applied to foreclosure.

More...


Most Recent Related Stories...


Hill analysts lower 2015 budget deficit forecast to $426B

CBO DirectorCongress' official budget analyst projected Tuesday that this year's federal deficit will drop to $426 billion,...

Stocks Fall Most in 4 Years as China Dread Sinks Global Markets

Stocks fallInvestors are selling the biggest winners of 2015. Companies that have come to be known as...

US stocks pare losses after 1,000-point Dow plunge

Stocks fallU.S. stock markets sank in morning trading Monday in a wave of fear that circled the...

How banks hid billions in trades from US regulators

Gary GenslerThis spring, traders and analysts working deep in the global swaps markets began picking up peculiar...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!