Litigation
Oct. 8, 2010
Lenders Seek Cover
Banks accused of mishandling foreclosure claims during the housing market meltdown must move proactively to avoid being hit with class actions in California and elsewhere, legal experts say.
Daily Journal Staff Writer
A growing controversy over how banks handled foreclosures during the housing market meltdown may slow the pace of foreclosures nationwide - and spark class actions - but experts say they expect the pace to resume quickly after next month's mid-term elections.
Bank of America, JPMorgan Chase and Ally Financial Inc. recently announced a temporary halt to evictions and some foreclos...
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