Mortgage Lenders May Meet With Foreclosure Task Force Today

Before you go, we thought you'd like these...
Before you go close icon
A government task force investigating the foreclosure crisis may meet with mortgage lenders as soon as today, Bloomberg News reported.

Attorneys general in all 50 states are investigating claims that lenders used flawed paperwork to foreclose on hundreds of thousands of homes.

Sponsored Links
"The banks want to sit down with the attorneys general. These meetings are being set up," Colorado Attorney General John Suthers told Bloomberg News. Suthers's office is a member of the executive committee of the task force.

Attorneys general across the country are taking a range of legal measures against lenders. The Ohio attorney general has sued, while others have requested that lenders halt foreclosures until the issues surrounding paperwork have been cleared up.

Some of the investigations began months before the coordinated task force started work.

Geoff Greenwood, a spokesman for Iowa Attorney General Tom Miller said that a meeting with lenders will take place today, but did not give any further details.


Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners