Legal chaos forces US banks to halt repossessions - Business News, Business - The Independent: "American banks' efforts to foreclosure on millions of delinquent mortgages have been plunged into chaos by a growing scandal over administrative inconsistencies and errors.
North Carolina yesterday joined a number of states pursuing legal efforts to slow the tide of repossessions and protect homeowners from what several attorneys general now say are improper foreclosure procedures. What began as a trickle of stories about unusual administrative practices by lenders and the firms they use to process foreclosure documents, has unleashed a torrent of public and political anger that threatens to derail banks' efforts to recoup losses on delinquent mortgages."
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