Texas - which isn't one of the 23 states where GMAC Mortgage and BofA (BAC) moved to suspend...


Texas - which isn't one of the 23 states where GMAC Mortgage and BofA (BAC) moved to suspend foreclosures related to the "robo-signing" practice - asks 27 loan servicers (including BofA and JPMorgan Chase (JPM)) to halt foreclosures, foreclosure sales and evictions. Texas foreclosures don't require a court order, but the attorney general's scrutiny could have a huge impact on borrowers and lenders.

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Comments (2)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Here comes the RE crash. Totally FUBAR!
    5 Oct 2010, 01:17 PM Reply Like
  • bbro
    , contributor
    Comments (10933) | Send Message
     
    3.25 million mortgages in Texas....368,000 mortgages with negative equity....
    5 Oct 2010, 02:04 PM Reply Like
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