KABOOM | Reuters SPECIAL REPORT: Banks Still Robo-signing, filing doubtful foreclosure documents Posted by 4closureFraud on July 19, 2011 15 Comments Two reports are out today from the Associated Press and Reuters that are both the best in-depth main stream stories to date on the fraudclosuregate scandal.
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.
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.
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A report released today by BankTrack, Rainforest Action Network, Indigenous Environmental Network, Oil Change International, Sierra Club and Honor the Earth, and endorsed by 163 organisations around the world, reveals that 33 global banks have provided $1.9 trillion to fossil fuel companies since the adoption of the Paris climate accord at the end of 2015.
Recently, there has been significant media attention regarding banks’ "robo-signing" procedures and the impact on pending foreclosure cases. In response, many Ohio judges have imposed strict new guidelines for banks and their attorneys to follow in an effort to ensure accuracy of loan documents.
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Pay special attention to comments about credit quality trends when banks report 2Q earnings. Purpose of this Post Going into earnings season, I like to have a. strength of consumer balance sheets.
Reuters and The Associated Press Drop Bombs On the Banks: "Robo-signing is not even close to over" by 4closureFraud.. SPECIAL REPORT: Banks still robo-signing, filing doubtful foreclosure documents. * Banks that settled continue filing questionable paperwork: Reuters * Reuters identifies 6.
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Special report: Banks continue robo-signing. Scot J. Paltrow. for the banks and servicers named in this article said that they halted any wrongdoing after disclosures last autumn of robo.