"Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes.
The banks said they paused the sales on May 6 to make sure
that their late-stage foreclosure procedures were in accordance with
the guidelines. The banks wouldn't say exactly which issues had been
Bank of America Corp., by contrast, continued foreclosure sales at a
normal pace, apparently confident its procedures met the revised