Cities May Sue Banks Over Foreclosure, Industry Reacts

May 1, 2017 Seth Welborn

The Supreme Court found that the Miami's claims against Bank of America and Wells Fargo fell within the “zone of interests” established by the Fair Housing Act (FHA), which means that Bank of America and Wells Fargo’s practices had led to decreases in tax revenue and increased costs for maintaining foreclosed properties. What are the implications of this finding? We hear from industry lawyers to find out.

The post Cities May Sue Banks Over Foreclosure, Industry Reacts appeared first on theMReport.com.

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