Three More States Demand Halt to Foreclosures

October 6, 2010 No Comments »

red light

Attorney Generals in three more states have asked banks and mortgage lenders to hold off on foreclosures until an investigation into so-called “robosigners” is completed.

Delaware Attorney General Beau Biden has called on three banks to stop foreclosure actions in the state, pending a thorough review of their foreclosure policies and procedures.

The banks include Bank of America, Chase, and Ally Financial, formerly GMAC Mortgage.

Meanwhile, Massachusetts Attorney General Martha Coakley sent letters to four of the nation’s largest mortgage lenders, GMAC/Ally, Chase, Wells Fargo and Bank of America, demanding that they suspend foreclosures.

Finally, North Carolina Attorney General Roy Cooper has expanded an investigation into questionable foreclosure practices conducted by 14 lenders.

He wants to know if they routinely signed off on a large number of affidavits without proper review.

The banks include:

Bank of America
Wells Fargo
J.P. Morgan Chase
Citi Mortgage
SunTrust Mortgage
PHH Mortgage
OneWest Bank
PNC Mortgage
Aurora Bank
US Bank Home Mortgage
MetLife Home Loans
BB&T Mortgage
American Home Mortgage Servicing

These accusations have already led Ally Financial, Bank of America, and Chase to stall foreclosures in 23 other states.

The Texas AG, California AG and Connecticut AG have called for similar foreclosure freezes.

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