Viewpoint: What's Behind Banks' Big Foreclosure Push?

Ann Brenoff
banks foreclosure
banks foreclosure



What does it mean that Bank of America and other lenders have restarted their foreclosure engines with a vengeance? Was the 7 percent spike in month-over-month foreclosure filings a retaliatory strike to show the government that the banks mean business and aren't to be messed with? Did lenders use the hapless public to send a message to the state attorneys general -- who have banks in their crosshairs as they seek a hefty settlement for robo-signing and other foreclosure shortcuts that cost people their homes?