Gov't Affairs Blog

Robo-Signing hasn't Stopped?????

07/19/2011 4:32 PM | Anonymous

In an AP exclusive, it was reported that mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.

County officials in at least three states say they have received thousands of mortgage documents with questionable signatures since last fall, suggesting that the practices, known collectively as "robo-signing," remain widespread in the industry.

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