The Rush Is On By Lenders, Servicers Looking To Dodge California's New 90-Day Foreclosure Moratorium

In Southern California, the Orange County Register reports:

• Bank of America, Citigroup and EMC Mortgage Corp. are among seven companies that have received permanent exemptions to California’s 90-day foreclosure moratorium, which began last week. More than 20 other lenders and loan servicers, including Wells Fargo and JPMorgan Chase, have received a temporary exemption while they wait to learn if it will become permanent.

For more, see 7 lenders escape state foreclosure moratorium.