NEW YORK (CNNMoney.com) -- JPMorgan Chase is expanding its review of foreclosure documents, according to a person close to the bank.
In September, Chase announced a review of 56,000 foreclosure cases in 23 states that require a judge to sign off on a foreclosure. The recent move expands the inspection to states that do not require judicial approval.
Under the latest expansion, the foreclosure process will continue while documents are being examined, expected to take a few weeks.
The initial review was announced after the lender discovered that its employees may have signed affidavits on the basis of reviews done by other personnel.
In those 56,000 cases, JPMorgan Chase has asked its local foreclosure attorneys to communicate to courts, affected homeowners and their lawyers. The notification process is underway, a company spokesman said.
Banks have come under increasing pressure from lawmakers in recent weeks to review foreclosures or to expand existing reviews.
On Friday, Bank of America (BAC, Fortune 500) announced it was halting foreclosure sales in all 50 states as part of a widening investigation into flaws in the process. The bank said the foreclosure process on delinquent borrowers will continue, but it will not proceed to judgment or a foreclosure sale.
Ally Financial, previously known as GMAC, the finance arm of General Motors, has said it is temporarily suspending evictions and post-foreclosure closings in states that require judicial review while it conducts a review of documents.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.75%||3.76%|
|15 yr fixed||2.97%||2.96%|
|30 yr refi||3.74%||3.77%|
|15 yr refi||2.98%||2.98%|
Today's featured rates:
Nike is opening up shop on Amazon.com and the company plans "big shifts" over the coming year. More
Not only do many women depend on insurance coverage for maternity care and contraception, it commonly falls to them to plan health care and coverage for the whole family. Yet as leaders in Washington discuss the future of American health care, women have not always been allowed in the room. More
Volkswagen will make the VW I.D. Buzz, an all-electric microbus, available for sale. More
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More
Time to talk money? Here's how to pull off that conversation. More