subsidiary, jc mortgage, is being sued. in a normal foreclosure, when you can t pay your mortgage anymore, the bank reviews all your loan information to make sure it is correct. if it is, the bank takes it over. that sounds, you know, like what should happen, right? but we thipg what we think has been happening with a few banks, not just gmac, is not a pretty picture to tell you about. they may have been rubber stamping those documents without reviewing the documents to make sure everything is right. those banks have frozen foreclosures in 21 states. poppy harlow joins me from new york to give us some perspective. poppy, what s going on? it s interesting, this thing has been developing for a few weeks. as you said, the attorney general is accusing ally of fraud. it s a massive charge here. ally is going to fight it in
chase, gmac, all suspended foreclosures. now, this is both good and bad. if there is bad things going on, we have to find out about it. but i want you to think this one through, america. think about it. you re not paying for your house because you re in trouble. you are not making the payment and the government refused to foreclosure on it because the government says they can t. good for you, the home buyer. look at this, everybody. i ve never done anything i was going to say in my life. i lived most of my life this way. i tried not to do anything in the last ten years of my life that isn t good for everybody involved. if i go to business, in business with somebody, if it s bad for them, it s bad for me then, too, in the end. it has to be good for all of us. let s look at all the partners. is that good for the bank? do you think the neighbors will say if they re not paying and they re going to
mess jpmorgan chase, ali bank, gmac, and now bank of america and maybe others to follow when they see what has happened. megyn: stu varney thank you. a stunning new survey and sex in america revealing some changing behavior in the bedroom. some surprising results just ahead. now come on how can you miss that. we re getting reports today on president obama planning a new approach in the congress, in the weeks after the midterm with respect to the congress i should say. we ll show you what he s now expected to do. and this looks like a happy class full of children, but it is about to become a scene of carnage, in three minutes the public service announcement that is leading to public outrage. we re thinking of before
fact, on the front page of the napolitano, three documents with signatures on it from the same person looked totally different. embarrassing stuff. but i wanted to hear from the lenders, what did they say, this we have been quiet and have not opinion in the public eye. we talked to a spokesman at j.p. morgan chase, and he believes the accuracy in the affidavit was not affected by whether the signer personal knowledge of the details. but the bank here, they are saying that at the end of the day the facts we have are true. the borrow you are did not make the payments. therefore, they need to be kicked out of the house. but they are obliged to put the documents out there and make sure they are accurate and signed. so it is a big debate would will win. shepard: i hate to make this analogy but it works if you are a murder suspect and the police have the evidence and they lose the evidence, despite the fact they had the evidence and you
jonathan, at foxnews.com/shep. trouble in the struggle mortgage industry. more lenders ma i have to stop foreclosures. it has to do with banks handled foreclosure paperwork. employees of one bank admit they did not verify crucial information. some lenders including gmac, bank of america, j.p. morgan, chase, have suspended tens of thousands of foreclosures across 23 states. analysts say the problem could force lenders to reexamine past evictions. and now gerri s two cents. this is spiralling, and getting worse. it appears that these banks did not keep up with the paperwork at at all. that is what the advocates are saying, the paperwork is inaccurate and full of lies, in