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Banks Illegally Foreclosed On Dozens Of Military Borrowers, Federal Investigators Say

Banks Illegally Foreclosed On Dozens Of Military Borrowers, Federal Investigators Say


HUFFPO

WASHINGTON — Two of the nation’s largest mortgage firms illegally foreclosed on the homes of “almost 50” active-duty military service members, according to a Thursday report by the Government Accountability Office.

The report does not identify the two mortgage companies. GAO investigators attributed the finding to federal bank regulators, who recently completed a three-month probe into allegations of improper foreclosures carried out by the nation’s 14 largest home loan servicers.

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