A joint investigation by every state and the District of Columbia could force mortgage companies to settle allegations that they used flawed documents to foreclose on hundreds of thousands of homeowners.
Amid growing inquiries by law enforcement into dubious paperwork by home lenders, one of the nation’s largest, GMAC Mortgage, said Tuesday that it was expanding its review of foreclosures to all 50 states.
If you are in the middle of a foreclosure proceeding now is not the time to relax about it.
The state is involved with that national lawsuit over allowing merchants to offer alternate payment information or even discounts to people who don’t use high fee credit cards to pay their bills.
Federal Reserve officials signaled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the economy.
The Attorney General’s office is taking Coppell-based American Home Mortgage Servicing to court.
Applications for mortgages rose last week as consumers refinanced their loans at the lowest rates in more than 50 years.