Housingwire:
Class-action lawsuits against large banks active in residential mortgage lending are on the rise, according to a National Law Journal article published online.
Similar suits have been filed against J.P. Morgan (JPM: 40.02 -1.48%), Bank of America (BAC: 12.37 -1.59%), Citigroup (C: 4.36 -1.36%), Wells Fargo (WFC: 28.19 -1.36%) and Ally Financial (GJM: 23.03 -0.09%). And more are expected as delinquent homeowners fight foreclosures and investors fight to recoup money from securitized problem mortgages.
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