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the (HAMP) program is $522" - DSnews.com

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HSBC Halts All Foreclosures


Europe's biggest bank HSBC has made a decision to halt all foreclosures in the United States. The reason for this is because there have been "deficiencies" within their system. These "deficiencies" are going to be investigated to determine if fraudulent activity has and is currently going on.  Bank of America and Chase are other major lenders that halted foreclosure due to investigation being conducted on possible illegal activity. The main issue HSBC is facing is "robo-signing". A HSBC spokesperson stated that he does not believe they have done any type of "robo-signing".