Stock Market Watch

Lenders To Fight Lawmakers on Foreclosure Issues

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Foreclosures are becoming more common and not even the rich and famous are safe from it.

Everyday you hear in the news about foreclosures and now lawmakers are ready to take an additional stand to make sure families remain in their homes. It was announced earlier today that Bank of America Corporation (NYSE:BAC) and JPMorgan Chase, will be on the frontline to fight any new laws set. Bank of America along with other major lenders do not want to spend additional time on improving their paperwork’s and foreclosure rules as they feel that this will cut into their profit margin. More information will be available as we get closure to the discussions.



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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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