X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Lenders such as Bank of America, GMAC, Wells Fargo and
 Citigroup may be insisting that their foreclosure practices and procedures complied with the law, but there has been enough doubt
about that issue that the government is apparently investigating.

The investigation, still in its early days as the Washington Post reports,
has sent shudders throughout the mortgage and real estate industry,
which had been hoping to have seen the worst of the crisis past.
 However, comments made by Housing and Urban Development secretary Shaun 
Donovan to Bloomberg News 
on Wednesday suggest the investigation’s reach may be limited.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.