Foreclosure Settlement May Be Coming For 5 Largest Mortgage Loan Companies

The five largest mortgage loan servicers, including Bank of America Corp (BAC.N) and JPMorgan Chase & Co (JPM.N), may be the first to settle with 50 state attorneys general who are investigating foreclosure practices, Bloomberg reported, cit…

The five largest mortgage loan servicers, including Bank of America Corp (BAC.N) and JPMorgan Chase & Co (JPM.N), may be the first to settle with 50 state attorneys general who are investigating foreclosure practices, Bloomberg reported, citing Iowa Attorney General Tom Miller.

The attorney-general group expects to reach five separate agreements with the five largest servicers, the news agency said, quoting Miller, who heads the multi-state probe.

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