Foreclosure Robo-Signing Deal Worries N.Y. Official
Some of the biggest banks in the country are reportedly close to a settlement with authorities over the so-called robo-signing scandal in which mortgage company officials signed and notarized foreclosure documents without properly reviewing them.
Many lenders and mortgage servicers acknowledged making serious mistakes in foreclosure paperwork.
But the much-delayed settlement still faces challenges. New York Attorney General Eric Schneiderman is raising objections, and may reject the settlement because he believes authorities have done too little to investigate the role of big banks in the financial crisis.
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