Mortgage lenders freeze foreclosures - WAOW - Newsline 9, Wausau News, Weather, Sports

Mortgage lenders freeze foreclosures


UNITED STATES (WAOW) -- Homeowners across the country try to sort out what's next now that at least three major mortgage lenders have frozen foreclosures.

The banks sift through piles of paperwork to see if foreclosure documents were improperly handled and whether some families were wrongly forced from their homes.

Ally Bank, Bank of America, and JP Morgan Chase are now under pressure to prove they were not cutting corners to repossess homes.

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