In more than two hours of video footage recently uploaded to YouTube, three alleged "robo signers" describe how they approved thousands of mortgage documents a day without reading them. Robo-signing is the latest ugly turn in the ongoing mortgage mess. Banks and loan servicers appear to have.
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MERS, and more precisely judicial treatment of MERS, will have a profound. The most famous “robo-signer” of all is Linda Green, who.
Robo-Signer: An employee of a mortgage servicing company that signs foreclosure documents without reviewing them. Rather than actually reviewing the individual details of each case, robo-signers. In addition to robo-signing, the bank has been accused of housing discrimination and violating foreclosure proceedings in more than 800 lawsuits and.
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks, including Bank of America, JP Morgan, Wells Fargo, and Citigroup.
but new reports show the multibillion-dollar "robo-signing" agreement has in many ways underwhelmed. Five banks accused of mortgage sins that helped worsen the housing crisis have officially offered.
The St. Cloud office of a national debt collection business is accused in a lawsuit of being a “robo-signing” operation. with Midland Credit sued Lauber in washington state. “More and more debt.
(Read more about LPS in our guide to who’s who of the foreclosure scandal .) As we ‘ve noted , the firm-which helps handle more than half of all U.S. mortgages -has been accused of using the same "robo-signing " practices as the major banks, such as signing and notarizing documents that appeared inaccurate or invalid.
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· How was the robo-signing issue resolved? Where it was found that documents were robo-signed, how did that affect – Answered by a verified Real Estate Lawyer. If so, more revelations could only increase the pressure on large banks.. Caryn is a "accused ROBO signer".
JPMorgan forks over $50M in ‘robo-signing’ pact with DOJ Chase Accused of Robo-Signing Abuses in Credit-Card Collections. The bank filed 10,000 lawsuits between January 2008 and April 2011: an average of more than 100 lawsuits per day. "Some days were more frenzied than others.