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Detailed text transcripts for TV channel - FOXNEWS - 20101009:23:31:00

states. the company saying it will review the accuracy of the documents in the wake of a scandal over the tactics used by some of america's biggest lenders. the tactics calling in to question the legality of forcing people from their homes. caroline shively has the latest from washington. >> reporter: julie, to start it off as banking paperwork scandal and whipped up to a crisis. bank of america is the first big name to shut down foreclosures in all 50 states, but they are one of five to do it in half the country. gmac and jp morgan chase, pnc and liton loan servicing closed foreclosures across the country. i doesn't mean that the homes shouldn't have faced foreclosure but the paperwork may not have been in order. they are using a bank employee that signed paperwork saying i reviewed what is in here and it's true, but they never opened the foreclosure file. some employees signing thousands of documents a month.

People , Us- , Some , States , Scandal , Tactics , Documents , Wake , Company , Lenders , Legality , Accuracy