State attorneys general investigating foreclosures - KWWL - Eastern Iowa Breaking News, Weather, Closings

State attorneys general investigating foreclosures


WASHINGTON (AP) -- The attorneys general of up to 40 states soon plan to announce a joint investigation into banks' use of flawed foreclosure paperwork.

A person briefed on the investigation says an announcement could come as early as Tuesday. The person spoke on condition of anonymity because the investigation was not yet public.

Iowa Attorney General Tom Miller will lead the investigation.  Miller already has been leading multi-state reviews of questionable foreclosure documents.  A joint investigation by 40 states would further escalate pressure on banks to expand halts on foreclosures.  On Friday, Bank of America became the first bank to do so in all 50 states.

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