‘Robo-signing’ redux?

A national $26 billion foreclosures settlement that resolved an investigation into alleged foreclosure misdeeds was intended to usher in an era of more responsible behavior from institutions processing foreclosures.

But The New York Times reports that a recent massive transfer of mortgage servicing rights from big banks to specialty companies appears to have sparked a resurgence of complaints alleging the same practices — including mishandling paperwork, charging erroneous fees and wrongful evictions — that the settlement was designed to eliminate.

Source: The New York Times


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