Biz: States ready to throw collective book at mortgage lenders
- Know how we know that the government is taking this whole foreclosure thing seriously? Well, more than two-thirds of the state attorney generals are about to probe the mortgage industry to see what happened with all that questionable paperwork that they’ve reportedly been plowing through the legal system. Last week, Bank of America halted foreclosures in all 50 states, but other companies have yet to follow suit to that degree. source