Nov. 16 and 18

Senate banking and House finance committess hold hearings about problems with the mortgage servicing industry and foreclosures.

Oct. 18

Just 10 days after announcing a nationwide halt to foreclosure sales, Bank of America said that it would begin resubmitting paperwork on Oct. 25 to restart foreclosures on borrowers who missed their payments in 23 states.

Oct. 14

Stocks of major banks declined sharply amid concern that widespread corner-cutting in the foreclosure process could saddle the financial system with a costly and paralyzing mess.

Oct. 13

Attorneys general from all 50 states announce a joint investigation into the mortgage servicing industry.

In the government's clearest response to the growing furor over foreclosures, the Federal Housing Finance Agency presses mortgage lenders to replace flawed and fraudulent court documents while insisting that foreclosures continue apace.

J.P. Morgan says it will expand its foreclosure review to 41 states.

Oct. 10

Senior officials said the Obama administration does not support a nationwide moratorium. White House senior adviser David Axelrod, speaking on CBS's "Face the Nation," said that while he felt the foreclosure paperwork issue was a "serious problem," he said it had already "thrown a lot of uncertainty into the housing market that is already fragile."

Oct. 8

Bank of America expands its moratorium to include all foreclosure sales across the United States.

PNC Bank joins the list of banks halting foreclosures. Its moratorium is in 23 states for 30 days. Litton Loan Servicing LP, the Goldman Sachs mortgage company, halted some foreclosurs and and evictions so it could review its handling of documents.

Senate Majority Leader Harry M. Reid (D) and other lawmakers call for a national moratorium on foreclosures.

Oct. 7

President Obama stepped into a growing political furor over the nation's troubled foreclosure system by pocket vetoing a little-known bill that critics say would have made it easier to evict homeowners who missed their payments.

Oct. 6

U.S. Attorney General Eric H. Holder says he's looking into foreclosures but the Justice Department declines to comment on whether there's a formal investigation.

Ohio's attorney general, Richard Cordray, becomes the first to file a lawsuit against Ally Financial and its GMAC mortgage unit, alleging fraud in foreclosures across the state in what could be the first in a wave of claims against the nation's largest lenders.

Oct. 5

House Speaker Nancy Pelosi and other California Democrats call on the Justice Department to investigate the nation's largest mortgage lenders

Oct. 3-7

A number of states, including Iowa, Maryland, North Carolina, Delaware, Texas, join calls for investigations and/or moratoriums on foreclosures.

Oct. 1

Bank of America, the nation's largest bank, becomes the latest to put foreclosures on hold in 23 states because of concerns that court documents it submitted were improperly prepared.

Sept. 29

J.P. Morgan Chase announces foreclosure freeze in 23 states. The company says that "it has come to our attention that in some cases employees in our mortgage foreclosure operations may have signed affidavits about loan documents on the basis of file reviews done by other personnel -- without the signer personally having reviewed those loan files." But J.P. Morgan emphasized that it believes "accuracy of the factual loan information contained in the affidavits was not affected by whether or not the signer had personal knowledge of the precise details."

Sept. 24

California's attorney general orders Ally Financial's GMAC mortgage unit to freeze all foreclosures within their borders. California is not part of the 23 states where Ally had voluntarily halted evictions.

Sept. 20

Ally Financial announces that it has halted evictions and foreclosure sales in 23 states for its GMAC mortgage unit due to "an important but technical defect" in the company's court filings for individual foreclosures.

More on foreclosures, housing market
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