Fed throws its weight into foreclosure inquiry

WASHINGTON – Raising pressure on banks, the Federal Reserve is wading into the investigation of whether mortgage lenders cut corners and used flawed documents to foreclose on homes. Major banks are already under investigation by state officials with subpoena power, who could force them to detail how they handled hundreds of thousands of foreclosure cases.

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Fed throws its weight into foreclosure inquiry

WASHINGTON – Raising pressure on banks, the Federal Reserve is wading into the investigation of whether mortgage lenders cut corners and used flawed documents to foreclose on homes. Major banks are already under investigation by state officials with subpoena power, who could force them to detail how they handled hundreds of thousands of foreclosure cases.

View full post on All Stories


You can leave a response, or trackback from your own site.

Leave a Reply

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