Florida Finishes Round of Meetings With Five Mortgage Companies

Nov. 8 (Bloomberg) -- Florida Attorney General Bill McCollum, who is investigating foreclosure practices, has met with the five mortgage companies he called on to “redeem the integrity” of home seizures in the state.

McCollum wrapped up the round of meetings last week after speaking with representatives of Ally Financial Inc. and PNC Financial Services Group Inc., said Ryan Wiggins, a spokeswoman for McCollum, in an interview today. She declined to comment about the details of the meetings.

“Our discussions with the banks are ongoing,” she said.

McCollum sought the meetings last month following complaints that banks were using flawed documents in foreclosure cases. In an Oct. 12 letter to the companies, McCollum demanded meetings to “discuss ways to promptly and effectively redeem the integrity” of foreclosures.

Besides Ally and PNC, McCollum previously met or spoke by phone with Bank of America Corp., JPMorgan Chase & Co. and Goldman Sachs Group Inc.’s Litton Loan Servicing LP, Wiggins said. The meetings come as attorneys general in all 50 states are investigating foreclosure practices.

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 E. Rovella at drovella@bloomberg.net.