Fraud Finally Exposed in large bank Robo-Signing Mortgage. – Fraud Finally Exposed in large bank Robo-Signing Mortgage lawsuits. Employees for banks such as Bank of America, Wells Fargo, JP Morgan Chase, and GMAC have all testified that they signed such.
Federal Government and State Attorneys General Reach $25. – WASHINGTON – U.S. Attorney General Eric Holder, Department of Housing and Urban Development (HUD) secretary shaun donovan, iowa attorney general tom miller and Colorado Attorney General John W. Suthers announced today that the federal government and 49 state attorneys general have reached a landmark $25 billion agreement with the nation’s five largest mortgage servicers to address mortgage.
Justice Department Reaches $470 Million Joint State-Federal. – When banks violate bankruptcy laws at the expense of homeowners and other. We're doing that here through this settlement and we'll continue to. and the five largest national mortgage servicers, as well as the $968. to prevent foreclosure abuses of the past, such as robo-signing, Mortgage Fraud.
Top 10 Abuses by the mortgage servicing industry | PayOff. – 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.
The recession was her fault – The larger foreclosure fraud scandal eventually exploded in late 2010, and after over a year of wrangling, the five biggest mortgage servicers – tiny outfits with names like Bank of America, JPMorgan.
Mortgage Settlement Saves FHA From Bailout – Well that might have been the case several. s five largest mortgage servicers over so-called, “robo-signing” foreclosure paperwork fraud, and a concurrent $1 billion settlement with Bank of America.
Big Banks Still Use "Robo-Signing" To Fake Documents And. – Big Banks Still Use "Robo-Signing" To Fake Documents And Foreclose on Borrowers. to "compensate some home loan borrowers for wrongful foreclosures," as well as put an end to robo-signing. Given the way that the banks have handled the fallout from this scandal thus far, that is a promise.
Special Investigation: How America's Biggest Bank Paid Its Fine for the. – Alleged fraud put JPMorgan Chase hundreds of millions of dollars ahead;. use of “robo-signing,” which allowed bank employees to automatically sign.. Pennsylvania, that “our records indicate Chase continues to hold a lien on the.. extending well beyond mortgage fraud to encompass practically every.
Big banks still robo-signing, committing foreclosure fraud. – Big banks still robo-signing, committing foreclosure fraud. Published.. has uncovered evidence that the robo-signing practice continues almost a year after banks were caught in the scandal.