Bank of America Corp. is halting foreclosure sales in all 50 states as it extends its review of foreclosure documents.

The Charlotte banking company said Friday that it will hold off on any sales "until our assessment has been satisfactorily completed. Our ongoing assessment shows the basis for our past foreclosure decisions is accurate."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.