More banks suspend foreclosures as states investigate

10/4/2010 | CNBC · Wall Street Journal, The

Bank of America joined JPMorgan Chase and GMAC Mortgage in suspending foreclosures. BofA is looking into whether foreclosures have been conducted properly. Meanwhile, California and Connecticut have launched investigations into JPMorgan's foreclosures. Lenders are scrambling to improve foreclosure procedures as regulators step up pressure.

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CNBC · Wall Street Journal, The

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