Special report: Banks continue robo-signing

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County officials in three states tell The Associated Press that an illegal practice known as "robo-signing" continues in the mortgage industry — months after banks and mortgage companies promised.

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The settlement involves Bank of America, Wells Fargo, Citigroup, JPMorgan Chase, and Ally Financial and arises out of charges that the banks and their subsidiary servicers used robo-signing and other.

agencies collected from financial institutions for violations of Bank Secrecy.. DOJ may pursue investigations of financial institutions and.. as “robo-signing.. within the scope of our report, for the specific enforcement action.

Reuters and The Associated Press Drop Bombs On the Banks: "Robo-signing is not even close to over" by 4closureFraud.. SPECIAL REPORT: Banks still robo-signing, filing doubtful foreclosure documents. * Banks that settled continue filing questionable paperwork: Reuters * Reuters identifies 6.

Even when the banks’ claims to ownership were clear, robo-signing violated numerous state laws requiring due diligence before a bank can foreclose on a home. The scandal had prompted a number of banks-Bank of America most prominently-to suspend their foreclosures for a while.

KABOOM | Reuters SPECIAL REPORT: Banks Still Robo-signing, Filing Doubtful Foreclosure Documents Posted by 4closureFraud on July 19, 2011 15 Comments Two reports are out today from the Associated Press and Reuters that are both the best in-depth main stream stories to date on the fraudclosuregate scandal.

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