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bank fraud and abuses continues well beyond robo signing WASHINGTON (AP) – China’s first domestically built aircraft carrier is likely to enter into service this year, marking another advance in Beijing’s ability to project influence well beyond its..
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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One of the worst loan servicing abuses to come to light during the foreclosure crisis was "robo-signing." The media and courts slammed the mortgage servicing industry for using false affidavits in thousands of foreclosure cases. Following the robo-signing scandal, several large banks temporarily froze all pending foreclosures.
Recent Robo-Signing Case Dismissal Reignites Mortgage Fraud Concerns . oakparkforeclosurelawyer.comMarch 26, 2013. Since the foreclosure epidemic began, banks have been foreclosing on homes at record rates. However, some of these foreclosures may not have been legal.
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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.
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.
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.
Jury awards Garland woman $755,000 in lawsuit alleging foreclosure fraud. She purchased her home in 2001, and paid on it for 14 years, but began to fall behind in 2015 and the home fell into foreclosure. Days after the foreclosure notice went public, someone knocked. Mortgage Fraud Banking Syndicate Challenged in Pennsylvania
Beyond Robo-Signing: Mortgage Foreclosure Defense Basics. issue had been “fixed,” and the foreclosure business continued as usual.. violations of the Truth in Lending Act (TILA), the fair debt collection practices Act. and the FDCPA as well as fraud and racketeering by foreclosing entities and,