KABOOM | A Mainstream AP Exclusive: Mortgage ‘Robo-signing’ Goes On

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.

This time it’s not coming from some crazy blogger, it is coming from some of the most “trusted” news sources in the world. Below are some excerpts but I urge you to read the article in its entirety at the link below.

The Reuters article will be in a separate post.

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AP Exclusive: Mortgage ‘robo-signing’ goes on

By MICHELLE CONLIN and PALLAVI GOGOI
AP Business Writers

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.

Critics say the new findings point to a systemic problem with the paperwork involved in home mortgages and titles. And they say it shows that banks and mortgage processors haven’t acted aggressively enough to put an end to widespread document fraud in the mortgage industry.

Suspect signatures on the paperwork include 290 signed by Bryan Bly and 155 by Crystal Moore. In the mortgage investigations last fall, both admitted signing their names to mortgage documents without having read them.

Most of the tainted mortgage documents in question last fall were related to homes in foreclosure. But much of the suspect paperwork that has been filed since then is for refinancing or for new purchases by people who are in good standing in the eyes of the bank. In addition, foreclosures are down 30 percent this year from last. Home sales have also fallen. So the new suspect documents come at a time when much less paperwork is streaming through the nation’s mortgage machinery.

The signature of a qualified bank or mortgage official on these legal documents is supposed to guarantee that this information is accurate. The paper trail ensures a legal chain of title on a property and has been the backbone of U.S. property ownership for more than 300 years.

It is a federal crime to sign someone else’s name to a legal document. It is also illegal to sign your name to an affidavit if you have not verified the information you’re swearing to. Both are punishable by prison.

In the Massachusetts case, The Associated Press tried to reach Linda Green, whose name was purportedly signed 1,300 times since October.

Be sure to check out the rest here…

And be sure to share this with everyone you know…

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4closureFraud.org

Comments
11 Responses to “KABOOM | A Mainstream AP Exclusive: Mortgage ‘Robo-signing’ Goes On”
  1. lvent says:

    Just saw a HARRIS BANK commercial telling people they will evaluate our spending and put us on a budget. THAT WILL BE THE DAY I DIE. Then I saw an AARP commercial on about how 50 million seniors are royally pissed off that the politicians want to cut SOCIAL SECURITY AND MEDICARE BENEFITS TO THE ELDERLY. WHERE IS THE PEOPLES MONEY?????? THOSE PEOPLE PAID FOR THESE BENEFITS. PAYING THESE PEOPLE DEPENDS ON THE DEBT CEILING BEING RAISED? THE U.,S. GOVERNMENT IS PAYING ITS BILLS WITH A CREDIT CARD AND CHARGING THE PEOPLE TWICE? WAKE UP AMERICA. DEMAND AN AUDIT OF FORT KNOXX. WHERE IS OUR MONEY????????????????

    NOW THEY ARE THREATENING THAT ACTIVE DUTY MILITARY SOLDIERS WILL BE THE FIRST TO NOT GET A PAYCHECK IF THE DEBT CEILING IS NOT RAISED. THAT IS THE DAY THE SOLDIERS SHOULD PUT DOWN THEIR GUNS AND REF– USE TO FIGHT ANYMORE…

  2. lvent says:

    Yes, there is an American side to this. Thankfully, there are people in the Mainstream press who do love freedom and realize this should not be happening in America to the American people. This is what our forefathers fought against over 200 years ago…Socialism is not freedom. The Government needs to get out of our lives and stop creating debt slavery for the American people and stop letting the foreigners steal our homes they do not own and therefore our freedom.

    • Elyse says:

      I must share with the readers a comment that my room mate said and it is so true…
      She is from Russia and been here for 4 years now!!
      She said…”You Americans live just as we did under communizm…you are slaves as we were, the difference is your government gave you all credit! Now they have taken it away!!”

      HELLO????

      • lvent says:

        Your roomate is right. Too many American people are brainwashed and dumbed down. They believe everything the tyranny tells them. The American people should watch more RT news and other alternative media for their news. .Too many people “think” they are living in a free and open society here in America….

      • lvent says:

        Socialism is just one step away from communism. Many do not know this. Here is a good you tube video about this from Judge Napalitano from FOX entitled, The Plain Truth on American Fascism. DEBT IS SLAVERY. J.F.K understood this. The people must demand the U.S. GOVERNMENT STOPS PAYING ITS BILLS WITH A CREDIT CARD. MAKE WALL STREET PAY THE NATIONAL DEBT. THEY CREATED IT.

      • housemanrob says:

        I feel that our problem is fascism! The far right, We should avoid the stigma of socialist or communist policies as being any part of our problem. It is a form of politics…….fascist capitalism……….no taxes, no health care,no social security, medicare, no money for schools, infrastructure, roads, bridges, etc., etc., etc. The rich want it all ! DOES EVERYBODY GET IT! Glad to see RUPERT MURDOCH gettin’ it….up the …!

      • lvent says:

        Rob, A it is a giant Plutocracy. Though the intentional stock market crash SEE YOU TUBE VIDEO ILLUMINATI CRASHES STOCK MARKET.) was when they stole and privatized our wealth and socialized the debt on to the American people with the illegal bailouts. Did you see the movie WALL STREET, Money Never Sleeps? You should watch it if you have not yet. The manufactured financial crisis was the biggest transfer transfer of wealth from MAINSTREET to WALL STREET to the RULING ELITE in history.

      • lvent says:

        First they sneak in socialism then what comes next, nobody is going to like. WHAT THEY WANT IS A ONE WORLD FASCIST, COMMUNIST DICTATORSHIP. THEY WANT ONE WORLD GOVERNMENT, ONE WORLD LEADER AND A ONE WORLD MICROCHIPPED PAPERLESS SOCIETY. THEY WANT NO SOVEREIGN NATIONS. Fascism is the joining of Corporations with Government. They already have done that. The multinational corps are all all foreign owned and operated as well. They have an American facade, they are not American institutions. Now these megalomaniacs who have monopolized big business want to own not just every business and every corporation but they actually want to own the people too. These are perilous times because they were ans are so sneaky. Max Keiser described it as they want everyone working as debt slaves on their WALL STREET SLAVE PLANTATION. This is way more than fascism, it is TOTALITARIANISM. Just like what George Orwell described in his book 1984. Mainstreet is the Airstrip and they give the people alcohol, porn and lottery to pacify them. They watch everyone through their tv set. Did you ever see the you tube video where they take apart a cable box and sure enough there is a camera inside of it? This is not a drill.

      • lvent says:

        I have very close friend who was an FBI agent and he told me that if we don’t like what is going on now, we are really not going to like what they have planned for all of us over the next couple of years. This man actually cried and told me he was sorry.

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