Real Stats or False Hope

Real Estate foreclosures were down in January, however, institutions such as HSBC, that service mortgage foreclosures, have received cease and desist letters from the Federal Reserve and the Office of the Comptroller of Currency – which outlines problems in the company’s processing and signing of documents that support foreclosures.
So how true is the hope that foreclosures are down? HSBC is among 14 other major servicers subject to this probe.

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