On Wednesday, officials in all 50 states unveiled a joint investigation into mortgage companies’ conduct during foreclosure proceedings. Some big banks like Bank of America and J.P. Morgan Chase & Co. have placed moratoriums on foreclosures. A drag on the foreclosure process “could delay any recovery in the housing market that might be on the horizon,” said analysts at FBR Capital Markets in a note Thursday. Separately, U.S. foreclosure filings rose 3% in September from the previous month, RealtyTrac said Thursday .
Marketwatch 10/14/10
