Thursday, July 21, 2011

CORRECTED-SPECIAL REPORT: Banks still robo-signing, filing doubtful foreclosure documents

Tue Jul 19, 2011 3:17pm EDT

(Corrects paragraphs 11-12 to clarify remarks of Mortgage Bankers Association President David Stevens)

* Banks that settled continue filing questionable paperwork: Reuters
* Reuters identifies 6 robo-signers still pumping out documents

By Scot J. Paltrow

NEW YORK/IMMOKALEE, Florida, July 18 (Reuters) - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.

But a Reuters investigation finds that many are still taking the same shortcuts they promised to shun, from sketchy paperwork to the use of "robo-signers."

Read More: Here

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