$25 billion settlement with five major banks over foreclosure abuses provides limited relief to homeowners. The agreement settled widespread ‘robosigning’ practices where banks mass-signed foreclosure documents without proper review. While nominally $25 billion, only $1.5 billion went …
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Florida Attorney General Pam Bondi pressured two senior prosecutors, June Clarkson and Theresa Edwards, to resign from their positions leading the state’s investigation into foreclosure fraud and robo-signing by major banks and mortgage servicers. The attorneys had uncovered massive fraud …
Bank of America announces a nationwide halt to foreclosures after revelations that employees signed thousands of foreclosure affidavits without reviewing the underlying documents, a practice dubbed “robo-signing.” The scandal exposes systematic fraud in the foreclosure process, with …
Bank of AmericaJPMorgan ChaseWells FargoGMAC MortgageOffice of the Comptroller of the Currency+1 moreforeclosure-fraudrobo-signinghousing-crisisregulatory-failurehousing