In Disputed Fannie and Freddie Mortgage Deals Evidence of 'Robo-Signing'

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In Disputed Fannie and Freddie Mortgage Deals Evidence of ‘Robo-Signing’

In Disputed Fannie and Freddie Mortgage Deals Evidence of ‘Robo-Signing’

TIME-

Long before the banks started evicting delinquent homeowners, Wall Street, it appears, used robo-signers to ink mortgage deals that would eventually cost investors tens of billions of dollars and in part led to the financial crisis.

According to lawsuits filed last week by the U.S.’s Federal Housing Financing Agency, one individual was used by three different banks to sign off on 36 different mortgage bond deals in 2006 alone. Many of the deals contained as many as 4,000 home loans. Yet, according to the lawsuits, the individual Evelyn Echevarria signed documents attesting to the fact that all the loans – well over 100,o00 in 2006 alone


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[Curious Capitalist.blogs.time.com]

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One Response to “In Disputed Fannie and Freddie Mortgage Deals Evidence of ‘Robo-Signing’”

  1. chunga says:

    I love this one. MERS assigns to Wells Fargo. Same day, same person, same notary assigns from Wells Fargo to Fannie Mae!

    Let’s Play “Find The Fraud”! What’s Wrong With This Assignment?

    http://www.foreclosurehamlet.org/profiles/blogs/let-s-play-find-the-fraud-what-s-wrong-with-this-assignment?xg_source=activity

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