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Community leaders speak at a 'Faces of LA's Foreclosure Crisis'' rally in Los Angeles,CA on October 26, 2010. US government banking agencies will publish preliminary findings of an investigation into a foreclosure debacle next month, the Federal Reserve chairman Ben Bernanke said Monday. The scandal spiraled into a major crisis in recent weeks after Bank of America, Ally's GMAC Mortgage unit, JPMorgan Chase and Goldman Sachs halted foreclosures to review paperwork after evidence surfaced that some documents were signed without a proper vetting, a practice called 'robo-signing.' Bank of America, the biggest US bank by assets, for the first time acknowledged finding some mistakes in foreclosure files as it prepares to resubmit documents in 102,000 cases to courts in 23 states. A week ago Bank of America announced it was lifting freezes on the foreclosure cases in the 23 states, insisting it had not found any flaws in their processing.
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Esperanza Casco (C) who's home in Long Beach was recently foreclosed, speaks at a 'Faces of LA's Foreclosure Crisis'' rally in Los Angeles,CA on October 26, 2010. US government banking agencies will publish preliminary findings of an investigation into a foreclosure debacle next month, the Federal Reserve chairman Ben Bernanke said Monday. The scandal spiraled into a major crisis in recent weeks after Bank of America, Ally's GMAC Mortgage unit, JPMorgan Chase and Goldman Sachs halted foreclosures to review paperwork after evidence surfaced that some documents were signed without a proper vetting, a practice called 'robo-signing.' Bank of America, the biggest US bank by assets, for the first time acknowledged finding some mistakes in foreclosure files as it prepares to resubmit documents in 102,000 cases to courts in 23 states. A week ago Bank of America announced it was lifting freezes on the foreclosure cases in the 23 states, insisting it had not found any flaws in their processing.
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WASHINGTON - OCTOBER 04: (L-R) Chairman and CEO of Goldman Sachs Group Lloyd Blankfein introduces Editor at Large for Fortune magazine and Chair of the 'Most Powerful Women' Summit Pattie Sellers and Executive Director of AFCECO Andeisha Farid during the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.
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Rossana Vazquez (R) who's home in Whittier was recently foreclosed, speaks at a 'Faces of LA's Foreclosure Crisis'' rally in Los Angeles,CA on October 26, 2010. US government banking agencies will publish preliminary findings of an investigation into a foreclosure debacle next month, the Federal Reserve chairman Ben Bernanke said Monday. The scandal spiraled into a major crisis in recent weeks after Bank of America, Ally's GMAC Mortgage unit, JPMorgan Chase and Goldman Sachs halted foreclosures to review paperwork after evidence surfaced that some documents were signed without a proper vetting, a practice called 'robo-signing.' Bank of America, the biggest US bank by assets, for the first time acknowledged finding some mistakes in foreclosure files as it prepares to resubmit documents in 102,000 cases to courts in 23 states. A week ago Bank of America announced it was lifting freezes on the foreclosure cases in the 23 states, insisting it had not found any flaws in their processing.
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Community leaders and homeowners who have lost their homes to foreclosure, protest at a 'Faces of LA's Foreclosure Crisis'' rally in Los Angeles,CA on October 26, 2010. US government banking agencies will publish preliminary findings of an investigation into a foreclosure debacle next month, the Federal Reserve chairman Ben Bernanke said Monday. The scandal spiraled into a major crisis in recent weeks after Bank of America, Ally's GMAC Mortgage unit, JPMorgan Chase and Goldman Sachs halted foreclosures to review paperwork after evidence surfaced that some documents were signed without a proper vetting, a practice called 'robo-signing.' Bank of America, the biggest US bank by assets, for the first time acknowledged finding some mistakes in foreclosure files as it prepares to resubmit documents in 102,000 cases to courts in 23 states. A week ago Bank of America announced it was lifting freezes on the foreclosure cases in the 23 states, insisting it had not found any flaws in their processing.
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Community leaders and homeowners who have lost their homes to foreclosure, protest at a 'Faces of LA's Foreclosure Crisis'' rally in Los Angeles,CA on October 26, 2010. US government banking agencies will publish preliminary findings of an investigation into a foreclosure debacle next month, the Federal Reserve chairman Ben Bernanke said Monday. The scandal spiraled into a major crisis in recent weeks after Bank of America, Ally's GMAC Mortgage unit, JPMorgan Chase and Goldman Sachs halted foreclosures to review paperwork after evidence surfaced that some documents were signed without a proper vetting, a practice called 'robo-signing.' Bank of America, the biggest US bank by assets, for the first time acknowledged finding some mistakes in foreclosure files as it prepares to resubmit documents in 102,000 cases to courts in 23 states. A week ago Bank of America announced it was lifting freezes on the foreclosure cases in the 23 states, insisting it had not found any flaws in their processing.
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Community leaders and homeowners who have lost their homes to foreclosure, protest at a 'Faces of LA's Foreclosure Crisis'' rally in Los Angeles,CA on October 26, 2010. US government banking agencies will publish preliminary findings of an investigation into a foreclosure debacle next month, the Federal Reserve chairman Ben Bernanke said Monday. The scandal spiraled into a major crisis in recent weeks after Bank of America, Ally's GMAC Mortgage unit, JPMorgan Chase and Goldman Sachs halted foreclosures to review paperwork after evidence surfaced that some documents were signed without a proper vetting, a practice called 'robo-signing.' Bank of America, the biggest US bank by assets, for the first time acknowledged finding some mistakes in foreclosure files as it prepares to resubmit documents in 102,000 cases to courts in 23 states. A week ago Bank of America announced it was lifting freezes on the foreclosure cases in the 23 states, insisting it had not found any flaws in their processing.
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Community leaders and homeowners who have lost their homes to foreclosure, protest at a 'Faces of LA's Foreclosure Crisis'' rally in Los Angeles,CA on October 26, 2010. US government banking agencies will publish preliminary findings of an investigation into a foreclosure debacle next month, the Federal Reserve chairman Ben Bernanke said Monday. The scandal spiraled into a major crisis in recent weeks after Bank of America, Ally's GMAC Mortgage unit, JPMorgan Chase and Goldman Sachs halted foreclosures to review paperwork after evidence surfaced that some documents were signed without a proper vetting, a practice called 'robo-signing.' Bank of America, the biggest US bank by assets, for the first time acknowledged finding some mistakes in foreclosure files as it prepares to resubmit documents in 102,000 cases to courts in 23 states. A week ago Bank of America announced it was lifting freezes on the foreclosure cases in the 23 states, insisting it had not found any flaws in their processing.
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Community leaders and homeowners who have lost their homes to foreclosure, protest at a 'Faces of LA's Foreclosure Crisis'' rally in Los Angeles,CA on October 26, 2010. US government banking agencies will publish preliminary findings of an investigation into a foreclosure debacle next month, the Federal Reserve chairman Ben Bernanke said Monday. The scandal spiraled into a major crisis in recent weeks after Bank of America, Ally's GMAC Mortgage unit, JPMorgan Chase and Goldman Sachs halted foreclosures to review paperwork after evidence surfaced that some documents were signed without a proper vetting, a practice called 'robo-signing.' Bank of America, the biggest US bank by assets, for the first time acknowledged finding some mistakes in foreclosure files as it prepares to resubmit documents in 102,000 cases to courts in 23 states. A week ago Bank of America announced it was lifting freezes on the foreclosure cases in the 23 states, insisting it had not found any flaws in their processing.
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WASHINGTON - OCTOBER 04: Chairman and CEO of Goldman Sachs Group Lloyd Blankfein attends the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.
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WASHINGTON - OCTOBER 04: Chairman and CEO of Goldman Sachs Group Lloyd Blankfein attends the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.
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WASHINGTON - OCTOBER 04: Chairman and CEO of Goldman Sachs Group Lloyd Blankfein attends the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.
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WASHINGTON - OCTOBER 04: Chairman and CEO of Goldman Sachs Group Lloyd Blankfein attends the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.
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WASHINGTON - OCTOBER 04: Chairman and CEO of Goldman Sachs Group Lloyd Blankfein attends the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.
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WASHINGTON - OCTOBER 04: Chairman and CEO of Goldman Sachs Group Lloyd Blankfein attends the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.
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WASHINGTON - OCTOBER 04: Chairman and CEO of Goldman Sachs Group Lloyd Blankfein attends the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.
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WASHINGTON - OCTOBER 04: Chairman and CEO of Goldman Sachs Group Lloyd Blankfein attends the Fortune Most Powerful Women summit at Mandarin Oriental Hotel on October 4, 2010 in Washington, DC.