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Loan Modification

: Mortgage Lender Implode-o-Meter

No Breaks for Robo-signing Computer Stamping Mortgage Documents

By Implode-Explode Heavy Industries

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"The rush to securitize more than $4 trillion of mortgages as U.S. home sales peaked in 2005 and 2006 inundated loan servicers and contractors like Palm Harbor, Florida-based Nationwide Title that help them handle paperwork. Lawsuits fighting some of the more than 4 million foreclosures since then have exposed sloppy recordkeeping and raised questions about the validity of documents used to seize properties."

Full post as published by Mortgage Lender Implode-o-Meter on November 15, 2010 (boomark / email).

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