NY Times – Borrowers, Beware: The Robo-Signers Aren’t Finished Yet

Borrowers, Beware: The Robo-Signers Aren’t Finished Yet Remember the robo-signers, those mortgage loan automatons who authenticated thousands of foreclosure documents over the years without verifying the information they were swearing to? Well, they’re back, in a manner of speaking, at least in Florida. Their dubious documents are being used to hound former borrowers years after … Read more

Full Deposition of Lona Hunt: Robo-Verifier of Foreclosure Complaints for Seterus/Fannie Mae

Robo-Verifier Lona Hunt Admits, Twice, to Not Reading Foreclosure Complaint Before Signing Under Penalty of Perjury Cross-posted from The Law Offices of Evan M. Rosen The entire reasoning behind the Florida Supreme court taking unprecedented, historic action to amend rule 1.100(b) back in 2010 was because of the financial industry’s well documented illegal behavior. It … Read more

Video: Matt Taibbi and Bank Whistleblower on How JPMorgan Chase Helped Wreck the Economy, Avoid Prosecution

Matt Taibbi and Bank Whistleblower on How JPMorgan Chase Helped Wreck the Economy, Avoid Prosecution A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it … Read more

Precrisis Mortgage Backed Securities Make a Comeback

“Of the borrowers that are still current, there’s a high likelihood that they will remain current” ~ Mortgage-backed securities back in vogue? The collapse of mortgage-backed securities drove the financial crisis, but many fund managers are snapping up the pre-crisis offerings. “We’ve seen strong demand for those assets recently,” said Dan Adler, a senior portfolio … Read more

Matt Taibbi: The $9 Billion Witness – Meet JPMorgan Chase’s Worst Nightmare

Matt Taibbi: The $9 Billion Witness – Meet JPMorgan Chase’s Worst Nightmare Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take … Read more