Well, it appears that the foreclosure mess is still heating up with Yahoo Financial News reporting that class action lawsuits have been filed in Maryland, New Jersey and Massachusetts.
Allegedly, the reporting states that Bank of America, Wells Fargo, HSBC PLC, and JPMorgan Chase have been named, and in Florida and Maine, Ally Financial formerly GMAC Mortgage is also involved.
Bank of America has had additional scrutiny placed against it having been named in a lawsuit through the RICO law, or the civil Racketeering Influenced and Corrupt Organizations law.
You can read the entire story at http://finance.yahoo.com/news/Foreclosure-class-actions-apf-676420498.html?x=0&sec=topStories&pos=2&asset=&ccode.
Tie up the boot straps and hang on. It looks like that roller coaster ride we were on in 2008 and 2009 is coming back. The market is already worse by .25% in rate this morning, and the rates have increase by almost .50% on the 30 year note since last Wednesday.
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Thank you for your remarks. I will review your submission and post it accordingly. Dave.