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WASHINGTON, DC-Two mortgage lenders, Bank of America and GMAC
Mortgage, are resuming foreclosures after temporarily stopping them 
in the wake of reports that the paperwork and processes may not have
 met the letter of the law. Both banks say they have found nothing 
improper in their methodologies, and in the case of Bank of America, 
new affidavits have been prepared to resume the foreclosures.

Improperly prepared affidavits by mortgage lenders and servicers–also known as 
the robosigned documents–were at the heart of this latest episode in the country’s long-standing housing crisis.
 Other motivations by the banks, at least as suggested by the Wall
 Street Journal, insinuate that they are, in fact, becoming increasingly worried that this problem could spin out of control.
The Journal labeled the move a counterattack by the banks, which are
 hoping to stem a growing financial and political threat.

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