Banks find way to benefit from robo-signing scandal

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Banks find way to benefit from robo-signing scandal

Banks find way to benefit from robo-signing scandal

They will always find a way no matter the scandal…This was part of the settlement plan and everyone involved in this shell game knew this. With all the folks involved, you mean to say not one thought of these ways and maybe put a stop to this?  Bend over because the screwing isn’t over just yet.

Tampa Bay Times-

Big banks are finding a way to benefit from what was supposed to be their punishment in the robo-signing scandal.

In Florida, they have spent 75 percent of $7.7 billion in settlement outlays approving short sales and forgiving home-equity loans, earning credit for debts they were unlikely to collect or sales that would have happened anyway, a monitor’s report released Thursday shows.

Only about 15 percent of the money has gone toward principal reductions or refinancings that would keep Floridians in their homes, the report states.

[TAMPA BAY TIMES]

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