BUSINESS
01/31/2011 05:12 am ET Updated May 25, 2011

Senate Foreclosure Hearing: Panel To Probe Whether Servicers Are Speeding Foreclosures

Mortgage industry executives have argued for weeks that they are foreclosing only on borrowers who deserve it for missing their monthly payments.

But consumer groups and attorneys contend that many homeowners are being pushed into foreclosure because of errors or bad advice by the companies managing their loans - an issue that will be a core focus of a Senate banking committee hearing Wednesday.

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