Industry NewsMortgage

Banks using short sales to meet robo-signing obligations

Settlement provides help to 137,846 borrowers in 4 months
Published on Sep 4, 2012

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by CareyBot

In the first four months following the signing of a $25 billion settlement with the nation's five largest mortgage servicers over so-called "robo-signing" practices, the vast majority of the relief banks have provided has been in the form of short sales, according to a progress report released Wednesday from the settlement's monitor.

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