Big Banks Pinky-Swear To Overhaul Lending & Foreclosure Practices

Big Banks Pinky-Swear To Overhaul Lending & Foreclosure Practices

Nearly a half-decade after the U.S. housing market collapsed like something that collapses really badly, the country’s five biggest mortgage providers — Bank of America, Chase, Wells Fargo, Citi and Ally — are oh-so-close to reaching a settlement with the states that could include overhauls to how they operate when it comes to the whole lending/servicing/foreclosing process. [More]