Officials In All 50 States Launch Foreclosure Probe

by Tamara Keith, NPR
October 13, 2010

Officials in all 50 states and the District of Columbia are launching a joint investigation into mortgage servicers and their foreclosure practices. The banks say these are largely paperwork problems; state law enforcement officials say it may be fraud. Several firms have admitted in recent weeks that employees signed legal documents in foreclosure cases without properly reviewing them.

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