Bank of America Corp., JPMorgan Chase & Co. and seven other banks or loan servicers were subpoenaed by Texas Attorney General Greg Abbott for information about their foreclosure practices.
"The state is subpoenaing information and documents," Jerry Strickland, Abbott's spokesman, said on Monday. He did not elaborate. Texas also subpoenaed Ally Financial Inc., Citigroup's CitiMortgage Inc. and Wells Fargo & Co.
Abbott began investigating foreclosure practices in Texas after the disclosure of a December deposition in which an employee of Ally's GMAC Mortgage testified that his team signed about 10,000 documents a month without verifying their accuracy.
On Oct. 13, 50 state attorneys general announced a joint investigation.
The Texas subpoenas came after letters sent by Abbott's office to 30 loan servicers on Oct. 4, asking them to halt foreclosures in the state pending a review of their practices.
