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Robo-signed’ documents dogging mortgage industry.. making it easy for lenders and mortgage processors to continue the practice of robo-signing.. Click here to flag and report a comment.
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WASHINGTON, D.C. – Today, Allied Progress released a damning report that details new evidence revealing Trump Treasury nominee Steven Mnuchin has not been honest with senators about his bank’s use of "robo-signing" to expedite foreclosures on the family homes of thousands of hard-working Americans.
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Last fall, the nation’s largest banks and mortgage lenders, including JPMorgan Chase, Wells Fargo, Bank of America and an arm of. Subscribe;. Home / Government / Report: Mortgage robo-signing’ goes on.. making it easy for lenders and mortgage processors to continue the practice of robo-signing.
Robo-Signing Foreclosure Scandal Could threaten financial stability, Government Watchdog Warns. fact that loan servicers cannot demonstrate the facts required to conduct a lawful foreclosure," the panel said in its report. "In essence, banks may be unable to prove that they own the mortgage.
Lawmakers call for hearings after learning that banks still continue to use robo-signing. NEW YORK (AP) – Lawmakers and enforcement agencies called for hearings and further investigation Tuesday after learning that the illegal practice known as robo-signing has continued in the mortgage.
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Special report: Banks continue robo-signing. Jul 19, 2011, 10:03 a.m. By Scot J. Paltrow. NEW YORK/IMMOKALEE, Florida (Reuters) – America’s leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.