Borrower Defaults Eclipsed By Robo-Signing Flap

Barrett, Melissa; Negroni, Andrea Lee
October 2010
National Mortgage News;10/18/2010, Vol. 35 Issue 5, p4
Trade Publication
The article focuses on the authors' insights on the foreclosure of legal documents executed by "robo-signers" in the U.S. They state that robo-signers are employees assigned for the foreclosing plaintiffs who do not verify contents and executed affidavits without notary public present. They note that most issues in robo-signing do not mean that the foreclosure defendants are not in default as defects attributed to robi-signers are technical and not substantive.


Related Articles

  • Mortgage Servicers Rewriting History. Berry, Kate // American Banker;9/1/2011, Vol. 176 Issue 136, p1 

    The article reports that some U.S. banks are backdating paperwork that they need to support their foreclosure actions. Bank employees are said to be signing these documents as representatives of lenders that are no longer in business, in the wake of the mortgage servicing industry's robo-signing...

  • Will These Foreclosure Fixes Suffice? Berry, Kate // American Banker;11/3/2010, Vol. 175 Issue 169, p1 

    The article discusses how large U.S. banks are attempting to restructure the legal documentation procedures during foreclosure of their mortgage loan servicing operations. There have been widespread cases of faulty or fraudulent legal documents filed by the servicers during foreclosures, forcing...

  • Outcome of Foreclosure Mess Rests on Custodians. Horwitz, Jeff; Berry, Kate // American Banker;10/25/2010, Vol. 175 Issue 163, p1 

    The article examines U.S. foreclosure, focusing on abuses of the process in which documentation of mortgage loan ownership has been improperly or fraudulently generated by financial service industry companies. The role of trust document custodians in validating documentation of mortgage loans...

  • Reversing the Flow.  // National Mortgage News;4/18/2011, Vol. 35 Issue 29, p4 

    The author reflects on the reverse flow in foreclosure which involves the aid of mortgage servicers to borrowers that let them stay in U.S. homes until good resolutions are found.

  • Little Growth in Foreclosure Rolls. Collins, Brian // American Banker;8/23/2011, Vol. 176 Issue 130, p7 

    Brief information is given about the slow process of foreclosure in the U.S. and concern that a backlog of residential loans could build up and flood the mortgage loan servicing industry.

  • New Carrots, Sticks from Fannie, Freddie. Berry, Kate // American Banker;4/29/2011, Vol. 176 Issue F316, p15 

    Brief information is given about financial penalties and incentives for mortgage services to discourage foreclosure in the U.S.

  • Robo-Sign Settlement Done in Next Few Weeks? Collins, Brian // National Mortgage News;1/23/2012, Vol. 36 Issue 17, p1 

    The article reports on the robo-sign settlement over foreclosure and mortgage servicing issues signed by major servicing banks in the U.S. including Wells Fargo Inc., Bank of America, and Ally Financial.

  • Bank 'Walk-Aways' Lepro, Sara; Berry, Kate; Hochstein, Marc // American Banker;1/27/2011, Vol. 176 Issue 15, p10 

    The article discusses a report that claims mortgage servicers are refraining from foreclosing on thousands of vacant homes in Chicago, Illinois because they don't want to incur the costs of maintaining the properties while they possess them.

  • Will Servicers Face Another Round of Foreclosures? Marshall, Frank // Mortgage Servicing News;Aug2010, Vol. 14 Issue 8, p20 

    In this article the author examines mortgage servicers will face another round of foreclosures after the recession in the U.S.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics