As many already know, Bank of America recently announced that it was halting foreclosures in all fifty states, as it reviews the foreclosure process for problems. A few other banks have halted foreclosures as well.
How did this start?
Why can't the banks prove they won the mortgages?
Why is this in the news now?
Is this all politics?
What does this mean for the banks?
What does this mean for the economy and the housing market?
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