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Real Estate Briefing - Categorized | Finance, Mortgage, Regulatory more

U.S. Looks deeper into foreclosures

Posted on 29 November 2010

From WSJ: The Justice Department and other federal agencies have intensified their review of the banking industry’s foreclosure documentation problems, using their powers over bankruptcy proceedings to scrutinize the treatment of troubled mortgages.

A key part of the effort is the Justice Department Trustee Program, the federal watchdog overseeing bankruptcies, which has launched a broad review of Chapter 13 bankruptcy filings by homeowners trying to halt foreclosure proceedings…………………………………….Full Article: Source


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