WASHINGTON - Bank of America says it is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents.
Bank of America is not yet able to estimate how many homeowners cases will be affected, a spokesman for the nation's largest bank says.
A bank official acknowledged in a legal proceeding in February that she signed up to 8,000 foreclosure documents a month and typically didn't read them. The Associated Press obtained the document Friday.
The executive's admission adds the nation's largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Top Money Headlines
A Tampa woman who trusted her pest control company for close to two decades to protect her from termites is now dealing with an infestation that destroyed her home.