Robo-Signing Scandal Exposed Systematic Foreclosure Document Fraud

| Importance: 8/10 | Status: confirmed

Investigation reveals major banks systematically falsified foreclosure documents through ‘robo-signing’, affecting 3.8 million homes. Employees at major lenders signed thousands of foreclosure affidavits without verifying information, creating a massive documentation fraud that undermined legal foreclosure processes.

Key Actors

Bank of America JPMorgan Chase Wells Fargo Citigroup GMAC

Tags

financial-crisis fraud foreclosure-abuse perjury

Sources (3)

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