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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These "robo-signer" cases spurred some major banks to temporarily halt their foreclosures nationwide. All 50 state attorneys general, federal prosecutors and a host of agencies have since launched investigations into foreclosure practices. Investors sued banks over the question of which soured mortgage securities banks should be forced to buy back.
Contents Major central banks Flame (zervan) 1-27 Bit closer tuesday Countercyclical capital buffer 3.8 million home loans are delinquent, and. Continue reading "Special report: Banks continue robo-signing"
We have had and continue. the bank, and that the West Virginia probe had found widespread anti-money laundering problems, including a backlog of nearly 50,000 alerts of suspicious transactions. In.
Good day, everyone, and welcome to the Opus Bank Second Quarter. offs totaled $4 million, special mention loans increased.
Shares of Deutsche Bank DB fell well over 5% Monday, following the firm’s announcement Sunday of a major restructuring. The investment bank will cut around 18,000 jobs and exit the equities.
Special Report: New Standards For Mortgage Signings By Michael Lewis on October 29, 2013 in Signing Professionals Nov–Mag-Cover.jpg(From the November 2013 issue of The National Notary magazine) The collapse of the housing market and numerous other crises have caused the government to significantly increase its scrutiny of the mortgage industry.
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And they say it shows that banks and mortgage processors haven’t acted aggressively enough to put an end to widespread document fraud in the mortgage industry. "Robo-signing is not even close to over," says Curtis Hertel, the recorder of deeds in Ingham County, Mich., which includes Lansing.
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7-2011 Reuter’s Special Report Foreclosure – Download as PDF File (.pdf), Text File (.txt) or read online. foreclosure. Reuters has found that some of the biggest U.S. banks and other loan servicers continue to le questionable foreclosure documents with courts and county clerks.. for the banks and servicers named in this article said that.
Sweet, sweet justice: Florida homeowners foreclose on Bank of America – We Interrupt A Florida man fired from an aluminum products company after only. manager sean Jackson terminated Lewis at about 5am, and two hours later, Jackson was driving his girlfriend home when he noticed a.