Steven Susman's Blog Posts Tagged 'News' (1)

US probe into home repossessions

Two of the US's biggest mortgage lenders have had mortgage foreclosures cancelled in a case that could affect other banks.



The Supreme Court in Massachusetts ruled against US Bancorp and Wells Fargo in a widely watched case.



Backing a lower court ruling made in 2009, it said two foreclosure sales were invalid because the banks did not prove that they owned them at the time.



Bank shares fell sharply after the ruling… Continue