UPDATE 1-US lenders in talks with states on foreclosures-WSJ

(Adds JPMorgan declining to comment)

Oct 21 (BestGrowthStock) – Oct 21 (BestGrowthStock) – Several U.S. lenders,
including Bank of America (BAC.N: ) and JPMorgan Chase (JPM.N: ),
and their legal advisers have started talks with U.S. state
attorneys general to resolve a probe of foreclosure practices,
the Wall Street Journal reported.

Executives and lawyers of Bank of America and JPMorgan met
separately with Florida Attorney General last week, the Journal
said, citing people familiar with the matter.

JPMorgan would not comment on the report.

Bank of America could not be reached for comment.

All 50 U.S. states have started a joint investigation of the
mortgage industry, focusing on allegations that, for years,
banks have not reviewed documents properly or have submitted
false statements to evict delinquent borrowers. [ID:nN18282279]
(Reporting by Sakthi Prasad in Bangalore; Editing by Dhara
Ranasinghe and Dan Lalor)

UPDATE 1-US lenders in talks with states on foreclosures-WSJ