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2 firms to pay for improper military foreclosures
May 26, 2011 4:52 PM
WASHINGTON (AP) - Two mortgage lenders will pay more than $22 million combined to settle federal civil charges that they improperly foreclosed on 178 military personnel, some of whom were serving in the Iraq or Afghanistan wars. Subsidiaries of Bank of America Corp. and Morgan Stanley failed to obtain court... more » -
Foreclosures on record-setting pace
July 15, 2010 8:19 AM
The number of foreclosures this year is on track to top one million. The head of a firm that follows foreclosures says that would be unprecedented -- breaking last year's level of more than 900,000. RealtyTrac Inc. says almost 528,000 homes were taken over by lenders during the first... more »
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