Real Estate
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 - Litton Loan Servicing LP is the latest mortgage company to halt some foreclosures and evictions so it can review its process for handling foreclosures.
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 - PNC Financial Services Group Inc.
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.
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