Ally Financial and JP Morgan Chase have halted evictions in 23 states in response to revelations about questionable foreclosure methods.  Employees from both firms have admitted under oath that they did not verify or notarize the contents of tens of thousands of crucial legal documents.  Experts predict that this will have a palpable slowing effect on the national housing market, and therefore the economic recovery.  “We’re seeing a fundamental breakdown in the system, because no one cared that much about getting things right,” said Representative Alan Grayson of Florida.

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Residents in the states "hardest hit" by the national foreclosure crisis are benefitting from targeted federal dollars.  News outlets in Ohio, Illinois, and Oregon this week reported that the U.S. Treasury is releasing the latest cash infusion from the Hardest Hit Program, designed to prevent foreclosure in the states most affected by the housing crisis. 

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