bank fraud and abuses continues well beyond robo signing

19 Jul    Home Buyer News

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.

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The practice continues nearly a year after the companies were caught cutting corners in the robo-signing scandal and about six months after the industry began negotiating a settlement with state attorneys general investigating loan-servicing abuses.. including bank of America Corp., Wells.

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The cost of faking a foreclosure document continues to rise. Ten banks will now pay $8.5 billion to borrowers for so-called "robo-signing," a fraudulent practice uncovered two years ago that sent.

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Robo-Signing in Foreclosures: What Homeowners Can Do About It.. federal regulators announced a $9.3 billion settlement with 13 banks over the robo-signing scandal and other abuses. As a result of the robo-signing scandal and sloppy bank paperwork, courts are more inclined to believe that.

Here are the Top 10 Abuses by the Mortgage Servicing Industry "Robo-signing" is one type of mortgage fraud that has received a lot of press, but loan companies find many ways to rush foreclosures or generate fees at homeowners’ expense. Here, in no particular order, are many of the top loan servicing abuses. 1.

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Here are the Top 10 Abuses by the Mortgage Servicing Industry "Robo-signing" is one type of mortgage fraud that has received a lot of press, but loan companies find many ways to rush foreclosures or generate fees at homeowners’ expense. Here, in no particular order, are many of the top loan servicing abuses. 1.

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