KABOOM | Reuters SPECIAL REPORT: Banks Still Robo-signing, Filing Doubtful Foreclosure Documents Posted by 4closureFraud on July 19, 2011 15 Comments Two reports are out today from the Associated Press and Reuters that are both the best in-depth main stream stories to date on the fraudclosuregate scandal.
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· Now that the Robo-Signing scandals have achieved full notoriety through the media, it is time to address the real issues facing investors in bank stocks.. Robo-Signing Mess Is Just the Tip of.
Background: Why the National Mortgage Settlement Was a Bank Enrichment. have been able to remain current with only a modest payment reduction.. to be called robosigning (which actually wound up being a huge break for the. Oversight Panel gave the issue prominent play in one of its reports.
Still, banks continue to account for a significant share-over 23 percent-of the assets of all financial intermediaries at the end of year 2000, as the chart below shows. Let me also suggest some more advanced reading materials: What’s Different about Banks–Still? Milton Marquis. Federal Reserve Bank of San Francisco.
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Reuters and The Associated Press Drop Bombs On the Banks: "Robo-signing is not even close to over" by 4closureFraud.. SPECIAL REPORT: Banks still robo-signing, filing doubtful foreclosure documents. * Banks that settled continue filing questionable paperwork: Reuters * Reuters identifies 6.
Reuters has found that some of the biggest U.S. banks and other “loan servicers” continue to file questionable foreclosure. halted any wrongdoing after disclosures last autumn of robo-signing led.
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Banks Continue ‘Robo-Signing’ Foreclosure Practices In Spite Of Promises To Contrary: Investigation [UPDATED] Reuters has found that some of the biggest U.S. banks and other "loan servicers" continue to file questionable foreclosure
In sum, this special report essentially explains why we are so bearish on the stock market. It is due to all these avenues we pursued as a country to stem the decline in assets caused by the bursting of the Dot Com bubble. This left the country with enormous debt which will have to be deleveraged over the next few years.
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