15 Oct 2010

Mortgage repossession moves being investigated

8:54 am on 15 October 2010

All 50 states in the United States have started a joint investigation into whether mortgage firms were wrong to repossess hundreds of thousands of homes.

It follows accusations that the companies often mishandled documents when people behind on their mortgages had their houses taken from them.

The BBC reports that all 50 US states have started a joint investigation into whether mortgage firms were wrong to repossess hundreds of thousands of homes.

It's been reported that the companies often mishandled documents when people behind on their mortgages had their houses taken from them.

According to industry figures, more than 2.5 million US homes have been repossessed since December 2007.