Hi there,

From our first broadcast nearly 30 years ago, Democracy Now! has always been fiercely independent. Over these last 3 decades, our daily global news hour has been a source of truth in a media landscape all too often bought by commercial interests. Can you start a monthly donation? Monthly donations are the lifeblood of Democracy Now!.Thanks to a group of generous donors, all monthly donations started today will be DOUBLED, which means your $15 gift is worth $30. If you believe that freedom of speech and freedom of the press are essential to the functioning of a democratic society, please donate today. Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Bank of America, GMAC Lift Foreclosure Moratorium

HeadlineOct 19, 2010

Bank of America has announced plans to lift its moratorium on home foreclosures in twenty-three states and move ahead with plans to foreclose on 100,000 more homes. The announcement came just ten days after the nation’s largest bank imposed a nationwide halt on foreclosures following revelations that employees at several lenders had approved thousands of foreclosure affidavits and other documents without proper vetting. Another major lender, GMAC Mortgage, has also said it will resume foreclosing on homes. Last week, attorneys general in all fifty states opened a joint investigation into home foreclosures. On Monday, Iowa Attorney General Tom Miller said he still has concerns despite Bank of America and GMAC’s decision to resume foreclosures. A spokesperson for Miller told the Wall Street Journal, “They’ve assured us that they are fixing this problem, but we’re not just going to take their word for it.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top