Big Banks Are Still Faking Home Loan Documents

July 17, 2011

After getting caught last year falsifying legal documents as part of conducting illegal foreclosures, big banks promised never to do it again. In April, more than a dozen large mortgage servicers also signed agreements with financial regulators pledging to stop “robo-signing,” as the practice is known, and to fix their foreclosure procedures. The result, Reuters reports:Some of the biggest U.S. banks and other “loan servicers” continue to file questionable foreclosure documents with courts and county clerks. They are using tactics that late last year triggered an outcry, multiple investigations and temporary moratoriums on foreclosures.

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