Regulators next month will have preliminary results of their review into reports of shoddy foreclosure paperwork as a potential crisis looms in a housing market where more than a quarter of sales are distressed ...

The New York court system today became the first in the nation to issue a new rule in response to the uproar over shoddy foreclosure paperwork by lender representatives. The rule requires attorneys for plaintiffs ...

Just 10 days after initiating an unprecedented freeze on foreclosures, Bank of America said it will begin resubmitting affidavits Oct. 25 in 102,000 foreclosure actions in the 23 states were judgments are pending. The ...

Shaun Donovan, U.S. Secretary of Housing and Urban Development, is taking center stage in the Obama Administration’s case against a nationwide foreclosure moratorium in the wake of the multiple investigations ...

A broader federal and state investigation into shoddy foreclosure paperwork by major mortgage servicers is taking shape, with federal regulators and state attorneys general seeking a closer look at actions against ...

Bank of America said today it is extending its halt to foreclosure proceedings to all 50 states until its review of documents has been “satisfactorily completed.” The largest U.S. lender by assets, Bank of America ...

The Justice Department is reviewing practices by major lenders that may have led to the improper foreclosure of homes as a result of shoddy documentation – or the “robo-signing” of affidavits without verifying ...

Bank of America has become the third major lender in the last two weeks to effectively freeze or review foreclosure cases for paperwork errors in the 23 states where the process is controlled through the court system. Bank ...

Lower costs to cover bad loans helped Bank of America beat estimates with second quarter net income of $3.12 billion, or 33 cents a share, down slightly from $3.22 billion reported a year ago. But future uncertainty ...

Some of the nation’s largest banks are about to start charging new checking account fees, and that has prompted Sen. Charles Schumer to ask Federal Reserve Chairman Ben Bernanke to make sure banking customers ...