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WASHINGTON - Bank of America on Friday halted foreclosures on homes across the country so it could review paperwork in tens of thousands of cases for flaws, expanding a crisis at a perilous time for the housing market.
WASHINGTON - A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.
WASHINGTON - President Barack Obama has rejected a bill that the White House fears could worsen the mounting problems caused by flawed or misleading documents used by banks in home foreclosures.
WASHINGTON - President Barack Obama will use a rare "pocket veto" to reject a bill that the White House fears could worsen the mounting problems caused by flawed or misleading documents used in foreclosures.
DES MOINES, Iowa - Iowa Attorney General Tom Miller is calling on three large mortgage companies to halt foreclosure proceedings in the state while he investigates problems with documents filed with the courts.
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- Summary Box: Mortgage rates match low of 4.32 pct.
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- Summary Box: More than half exit foreclosure plan
- More than half exit foreclosure-relief program
- Fed moves closer to new action to help economy
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- Stocks waver ahead of Federal Reserve decisions
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