Bank of America Extends Foreclosure Moratorium to All 50 States

Bank of America Extends Foreclosure Moratorium to All 50 States: "Updated: Bank of America is stopping foreclosures in all 50 states, making it the first bank to call a nationwide halt to foreclosures amid questions about flawed documents. The halt expands the bank’s previous moratorium on foreclosures in 23 states where courts have to participate in foreclosure proceedings, according the Washington Post. JPMorgan Chase and Ally Financial, previously known as GMAC, have also previously announced a stop to foreclosures in 23 states, Reuters says. A Bank of America statement says foreclosures will be stopped until the bank completes a review of foreclosure documents. Senate Majority Leader Harry Reid, D-Nev., praised…"