Lenders scrutinized over fees

As foreclosures across the country hit record numbers, lenders are being investigated for questionable practices that might be causing borrowers to needlessly lose their homes unnecessarily. A University of Iowa analysis of 1,733 foreclosures in Chapter 13 bankruptcy found that almost half of the loans examined had dubious fees totaling millions of dollars. Borrowers and lenders disagreed on the amount of the mortgage debt in 96 percent of the cases, with an average difference of $3,533.