Lenders Ordered To Change Foreclosure Practices

After several months of investigation into the so-called robo-signing scandal, federal banking regulators have issued cease-and-desist orders to 14 of the nation's largest mortgage servicers. As a result, these firms — including Bank of America, JP Morgan Chase and Wells Fargo — will have to change the way they handle foreclosures.

Source: http://www.npr.org/2011/04/13/135386563/mortgage-services-to-change-how-they-handle-foreclosures?ft=1&f=1003

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