Cuomo Calls on N.Y. Mortgage Servicers to Suspend Foreclosures

New York Attorney General Andrew Cuomo on Tuesday called on mortgage servicers in New York using so called robo-signing methods on paperwork to suspend foreclosures, CNBC reported.

Cuomo, who is also the Democratic candidate for New York governor, wants the servicers to submit evidence on how the foreclosure documents are prepared. He is seeking information from Bank of America Corp., JPMorgan Chase & Co., Ally Financial Inc. and Wells Fargo & Co.

B of A, JPMorgan and Ally have already initiated moratoriums on foreclosures in several states as they determine whether the documents were filled out using the proper procedures.

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