Tag Archives: forgery

The Free House Myth – or Reality?

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The Free House Myth – or Reality?
July 20, 2011

Katie Porter posted an interesting viewpoint on the Credit Slips blog this week called the The Free House Myth.  A synopsis of the column points to the fact that the banks may
 have bad paper now – but they’ll be back.  It almost sounded like Katie had been drinking  Kool-Aid with RCO when she stated in her closing line, “[T]he free house is political handwringing, not legal reality.”

Porter came under fire by no less than (my personal favorite) Adam J. Levitin, Professor of Law at Georgetown University.  Professor Levitin has provided significant testimony before Congress and has dissected the Wall Street securitization scheme that collapsed our economy.  Professor Levitin posted his comments to politely debunk Porter’s ‘no free house’ viewpoint…
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AP Exclusive: Mortgage ‘robo-signing’ goes on

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AP Exclusive: Mortgage ‘robo-signing’ goes on
By MICHELLE CONLIN and PALLAVI GOGOI
AP Business Writers
July 19, 2011

Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.

County officials in at least three states say they have received thousands of mortgage documents with questionable signatures since last fall, suggesting that the practices,known collectively as “robo-signing,” remain widespread in the industry.

The documents have come from several companies that process mortgage paperwork, and have been filed on behalf of several major banks. One name, “Linda Green,” was signed almost two dozen different ways.

Lenders say they are working with regulators to fix the problem but cannot explain why it has persisted. Continue reading →