Story Stocks: Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), Chevron (NYSE:CVX), ITT (NYSE:ITT)
October 29, 2010 at 10:52 AM EDT
Wells Fargo (NYSE:WFC) has become both a target of U.S. states investigating bank foreclosure practices and an example of how the mess might be cleaned up, as attorneys general from across the country begin to meet with lenders. Ohio’s attorney general today criticized the bank’s plan to submit supplemental affidavits to courts in about 55,000 foreclosure proceedings after it found some statements “did not strictly adhere to the required procedures.” At the same time, Arizona’s top state lawyer held up Wells Fargo’s Oct. 6 agreement on loan modification procedures as a model remedy for a 50-state foreclosure probe. Attorneys general in all 50 states started a probe into foreclosure practices after court documents surfaced… . . . → Full Story: Story Stocks: Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), Chevron (NYSE:CVX), ITT (NYSE:ITT)