Probe of foreclosure billing widens

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Probe of foreclosure billing widens

Probe of foreclosure billing widens

Denver Post-

A pair of major financial companies — PNC Financial Services Group and MetLife Inc. — have received federal investigative subpoenas for information regarding lawyer expenses tied to foreclosures, according to public filings.

The disclosures, made last week in corporate filings with the U.S. Securities and Exchange Commission, are the first indication that investigations into alleged bill-padding by foreclosure lawyers aren’t limited to Colorado.

Both companies disclosed they had received investigative subpoenas from agencies delving into lawyer expenses tied to foreclosures, costs that were later submitted to federal agencies that insure mortgages, according to the filings.

[DENVER POST]

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