Bank of America finds foreclosure mistakes: report

Tell us something the markets don't already know. The markets also know that over 1 in 2 documents contained errors is likely a little generous.

Bank of America Corp (NYSE:BAC - News) acknowledged some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases, the Wall Street Journal said.

The bank found errors in 10 to 25 out of the first several hundred foreclosure it examined starting last Monday, the newspaper said.

Source: finance.yahoo.com