BUSINESS
12/12/2010 05:12 am ET Updated May 25, 2011

Foreclosure Fraud: California Could Join Multistate Mortgage Probe

California officials are considering joining a multistate investigation of whether lenders have violated foreclosure laws when seizing houses from delinquent borrowers.

The investigation, which is expected to be publicly announced Wednesday, is spearheaded by Iowa Atty. Gen. Tom Miller. Under his leadership, coalitions of states have won lending-abuse settlements of $484 million from Household International Inc. and $325 million from Ameriquest Mortgage Co.

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