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Home | Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Others Halting Foreclosures |
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Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Others Halting Foreclosures
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- October 08, 2010
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Major Banks have announced recently that they are halting foreclosures while they review their handling of the process. Ally Financial, the institution once known as GMAC, was the first to initiate such an order, and now other banks are following suit. Due to re-sets on adjustable rate mortgages, coupled with rising unemployment rates, the market [...]This article (Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Others Halting Foreclosures) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
- Read more at:http://feedproxy.google.com/~r/AmericanBankingNews/~3/EkyciP_JTIk/
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