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‘Robo-signing’ of mortgage documents continues despite court cases.. making it easy for lenders and mortgage processors to continue robo-signing.. Special report.
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The bank initially looked at homes that were in the foreclosure process. wells fargo paid in 2016 over the unauthorized accounts scandal. realtytrac released its U.S. Foreclosure Market Report for November, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions. of the so-called robo-signing.
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.
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.