Entries by Marian Wang

Officials Warn That Foreclosure Probes May Prove Inadequate

There are an increasing number of warnings that simultaneous investigations by federal bank regulators and the attorneys general of all 50 states have addressed the full scope of the problem. Palm Coast, FL – July 19, 2011 – Since flawed foreclosure practices by the nation’s biggest banks became last fall’s biggest scandal, federal bank regulators […]

Foreclosure Contractors Face New Scrutiny from States

Prosecutors in California and Illinois have sent subpoenas to Lender Processing Services, one of the largest firms that processed mortgage documents for the banks. Palm Coast, FL – May 26, 2011 – While federal and state officials investigating flawed foreclosures have largely focused on holding the banks accountable and bringing relief to wronged homeowners, officials […]

In States Where Foreclosures Bypass Judges, New Evidence of Robo-Signers

Non-judicial states also seem to have problems with banks using robo-signers and taking other foreclosure shortcuts, American Banker reports. Palm Coast, FL – January 25, 2011 – When problems in the foreclosure process caused banks to temporarily freeze foreclosures last fall, the focus was on improperly signed foreclosure affidavits—legal documents used when foreclosure are required […]