BoA, Citigroup, JPMorgan Chase and Wells Fargo wrongfully foreclosed on more than 700 military members during the housing crisis

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BoA, Citigroup, JPMorgan Chase and Wells Fargo wrongfully foreclosed on more than 700 military members during the housing crisis

BoA, Citigroup, JPMorgan Chase and Wells Fargo wrongfully foreclosed on more than 700 military members during the housing crisis

WE all know this number is still very low.

NYT-

The nation’s biggest banks wrongfully foreclosed on more than 700 military members during the housing crisis and seized homes from roughly two dozen other borrowers who were current on their mortgage payments, findings that eclipse earlier estimates of the improper evictions.

Bank of America, Citigroup, JPMorgan Chase and Wells Fargo uncovered the foreclosures while analyzing mortgages as part of a multibillion-dollar settlement deal with federal authorities, according to people with direct knowledge of the findings. In January, regulators ordered the banks to identify military members and other borrowers who were evicted in violation of federal law.

[NEW YORK TIMES]

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