continue at a brisk pace through 2011 and beyond. Most federally insured. has not identified "robo-signing" or any other deficiencies that would warrant formal enforcement actions.. Nonmember Banks-Special Foreclosure Edition . Division of Risk Management
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At Bank of America, employees raised concerns but were told by management to proceed; Wells Fargo squashed a study into foreclosure practices and told the employee conducting the study to continue..
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The special committee held hearings and did its best, but disbanded without issuing its required report. Now it inevitably.
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The FDIC has released a special report highlighting what it describes as ""lessons learned"" from the interagency review of foreclosure processes and procedures at the nation’s largest mortgage.
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Robo-signing isn’t limited to low-level employees at loan servicers. lawrence buckley is a lawyer who manages the Dallas, texas law firm brice, Vander Linden and Wernick. In March, he testified that he had allowed his electronic signature to be affixed to sworn court documents that he had never seen.
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The report said the Office of the Comptroller of the Currency allowed compliance problems to "fester" at the bank for years. Banks Continue ‘Robo-Signing’ Foreclosure Practices In Spite Of Promises To Contrary: Investigation [UPDATED]. Special Projects. Pride 2019 Impact: Project Zero.
Robo-signing refers to a variety of practices. It can mean a qualified executive in the mortgage industry signs a mortgage affidavit document without verifying the information.
Special report: Banks continue robo-signing. Jul 19, 2011, 10:03 a.m. By Scot J. Paltrow. NEW YORK/IMMOKALEE, Florida (Reuters) – America’s leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.