NY AG Schneiderman announces a bill that makes foreclosure robo-signing a felony

ALBANY — After making national headlines during the home foreclosure crisis, Attorney General Eric Schneiderman announced a proposal Wednesday to create a new crime in New York: foreclosure fraud.

The measure would make it a felony for firms to engage in “robo-signing,” a fraudulent practice that allowed companies to rapidly pursue foreclosures, triggering an explosion in cases. In some instances,…

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