robo-signing

GMAC's move, ratcheting up the high-stakes mortgage fight, comes after Massachusetts Attorney General Martha Coakley sued the five biggest mortgage servicers Thursday, in the first government lawsuit targeting all five for alleged improper foreclosure practices including so-called robo-signing.

GMAC, Massachusetts Trade Salvos in Mortgage Fight David Benoit 2011

Administration officials and attorneys general are "very close" to a settlement with major banks of the so-called robo-signing issues after about a year of negotiations, Mr. Donovan said at a conference of U.S. mayors meeting in Washington.

U.S., Banks Near 'Robo-Signing' Settlement Alan Zibel 2012

In some cases, employees of financial institutions engaged in so-called robo-signing approving documents in foreclosures without actually reading them.

Feds sue Deutsche Bank for mortgage fraud, to recover millions in insurance payments 2011

Under the agreement with the state's financial-services superintendent, Benjamin M. Lawsky , the three firms—Goldman, its Litton Loan Servicing business and Ocwen Financial Corp.—promised to end so-called robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law.

Banks, State Reach a Deal Liz Rappaport 2011

Mr. Schneiderman's move is a sign that investment firms that have sought to profit from the boom in foreclosures could be drawn into various probes by U.S. and state regulators of so-called robo-signing and other foreclose-paperwork problems.

Firms With Pillar Ties Get Subpoena Ruth Simon 2011

After controversy erupted last fall over the shoddy review of loan documents known as robo-signing, banks dropped some law firms.

Foreclosures Trapped by a Lack of Lawyers Nick Timiraos 2011

The settlement talks were prompted by so-called robo-signing, where bank employees signed off on hundreds of loans a day and falsely claimed they had personally reviewed documents to give the bank the right to foreclose.

California Pulls Out of Foreclosure Talks Ruth Simon 2011

A federal bankruptcy judge ruled that she would impose sanctions on Lender Processing Services Inc. for submitting a false affidavit in a foreclosure case that included an inadequate review of information known as a "robo-signing."

'Robo-Signing' Case To Draw Sanctions Ruth Simon 2011

But all 50 state attorneys general joined together last fall to probe banks' foreclosure practices after several companies halted home repossessions when improper paperwork practices -- like the so-called "robo-signing" scandal -- came to light.

Fed Report Finds No Wrongful Foreclosures By Banks, Consumer Advocates Slam Methodology 2011

Massachusetts Attorney General Martha Coakley sued the five biggest mortgage servicers Thursday, in the first government lawsuit targeting all five for alleged improper foreclosure practices including so-called robo-signing.

Top 5 Mortgage Servicers Face Suit Ruth Simon 2011