Last week the bank, the country's biggest by assets, announced it was halting foreclosures in the 23 states where foreclosures are processed in court. Now, the bank has reportedly extended that moratorium to the entire country.
Reports of foreclosure processors approving documents without properly reviewing them and bank agents changing locks on the doors of houses that aren't even in foreclosure -- while the residents are inside -- pile ambiguity and scandal on the foreclosure system. Delays in the process further cripple the weak housing market.Acoording from HuffPost
Tag:Job Creation Idea No. 8: Time For A New WPA,Stewart Takes On Big Banks For Accidental Foreclosures,Foreclosure Crisis Stalling Home Sales, Threatens Larger Economy
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