HUD Inspector General fills in some details on robo-signing and othe...
03/14/12
For those without enough reading after the legal document dump on Monday in the national mortgage settlement (see http://www.creditslips.org/creditslips/2012/03/national-mortgage-settlement-details-posted-on-the-web.html), there's more. Also released Monday were five audit reports about the robo-signing and other abuses in the foreclosure processes of the five financial institutions involved in the settlement. http://www.hudoig.gov/reports/featured_reports.php These reports indicate that higher ups were directing many of the abuses, evaluating line employees based on high volume production of documents without concern for their accuracy.
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