Foreclosures on Hold From Coast to Coast

The foreclosure investigations that we mentioned last week have now expanded to all 50 states.  The attorneys general will conduct a coordinated probe into banks and mortgage companies that allegedly used false documents and unverified signatures to justify thousands of home seizures.  Bank of America (BAC) , the largest U.S. mortgage lender, has suspended foreclosures nationwide.  This is good news for anyone who was going to lose their home soon, but it could also delay resolution of the whole mess even further. Meanwhile, minutes from the Federal Reserve’s September policy meeting, released on Tuesday, show that the Fed wants to stimulate the economy by creating higher inflation expectations.  Note… . . . → Full Story: Foreclosures on Hold From Coast to Coast