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Ally, PNC Meet With Florida About Foreclosure ‘Mess’

Nov. 5 (Bloomberg) -- Ally Financial Inc. and PNC Financial Services Group Inc. discussed their foreclosure practices yesterday with the Florida attorney general’s office, which is investigating problems with home seizures in the state.

Representatives of the banks met with the office to talk about how they’re planning to fix their foreclosure procedures, Ryan Wiggins, a spokeswoman for Attorney General Bill McCollum, said in a telephone interview today.

“We’re meeting with them and discussing ways they can get us out of the mess they put us in, they put the nation in,” Wiggins said.

McCollum last month sought meetings with Bank of America Corp., JPMorgan Chase & Co., Ally, PNC and Goldman Sachs Group Inc.’s Litton Loan Servicing LP to “discuss ways to promptly and effectively redeem the integrity” of foreclosures, according to copies of letters to the companies. The request came after homeowners complained that mortgage companies were using flawed documents in foreclosure cases.

McCollum’s office previously discussed the matter with Bank of America and JPMorgan. The attorney general hasn’t met with Litton Loan Servicing, Wiggins said. She said she didn’t know whether the office had heard from the company. She declined to provide details about the meetings with Pittsburgh-based PNC and Detroit-based Ally.

PNC spokesman Fred Solomon declined to comment. Ally spokeswoman Gina Proia declined to comment about the meeting with McCollum’s office. The company is cooperating with inquiries by attorneys general, she said. Litton Loan Servicing “has been and continues to be responsive to the requests by the state attorneys general,” spokeswoman Donna Marie Jendritza said in an e-mailed statement. She didn’t say whether the company plans to meet with McCollum’s office.

To contact the reporter on this story: David McLaughlin in New York at dmclaughlin9@bloomberg.net.

To contact the editor responsible for this story: David Rovella at drovella@bloomberg.net.

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