Tag Archives: robosigning

Veteran’s family facing foreclosure claims they’re robo-signing victims

Here we go again…

Sonia Kirkland, 58, says she spends most of her time caring for her mother, who is 104 years old, inside the home on Berkeley Place.

The house is owned by Kirkland’s son, a 34-year-old U.S. Army combat veteran who now works for an international nonprofit group and is serving in Iraq to help rebuild a country devastated by war.

Kirkland says she recently found out that her son had become the victim of “robo-signing” — the controversial practice by banks and other lenders of improperly foreclosing on homeowners by using the robotic signing of documents that deprives them of a fair and legal process.

She says the judge will hear her request for an emergency extension next week

Maine robo-signing scandal resurfaces with Treasury nomination

A woman at the center of a foreclosure robo-signing scandal at OneWest Bank in 2009 – and now part of the controversial confirmation hearings for a new Treasury secretary – signed off on mortgage documents in Maine.

The scandal is attracting new attention because Steven Mnuchin, President Trump’s nominee to head the Treasury Department, denied in a Senate confirmation hearing that OneWest, the bank that he headed from 2009 to 2015, engaged in robo-signing. Critics of Mnuchin are hoping that the controversy over robo-signing, along with allegations that the nominee hasn’t revealed all his financial records, might derail his nomination.

Read on.

Mnuchin Again Denies Robo-Signing, Despite Yet More Evidence He Is Lying

The Intercept:

This is the very definition of robo-signing. OneWest signed and agreed to the consent order, though it never admitted or denied the activity

However, in a Florida foreclosure case, a OneWest employee plainly admitted to robo-signing. On July 9, 2009 – four months after OneWest took over operations from IndyMac, with Mnuchin as CEO – Erica Johnson-Seck, a vice president with OneWest, gave a deposition in which she admitted to being one of eight employees who signed approximately 750 foreclosure-related documents per week.

“How long do you spend executing each document?” Johnson-Seck was asked. “I have changed my signature considerably,” Johnson-Seck replied. “It’s just an E now. So not more than 30 seconds.”

Johnson-Seck also admitted to not reading the affidavits before signing them, not knowing who inputted the information on the documents, and not being aware of how the records were generated. And she acknowledged not signing in the presence of a notary. This resulted in false affidavits being submitted in court cases that attempted to take borrowers’ homes away.

Columbus Dispatch finds dozens of robo-signed OneWest foreclosure docs in Ohio public records. Mnuchin lied.

President Donald Trump’s nominee for U.S. treasury secretary was untruthful with the Senate during the confirmation process, documents uncovered by The Dispatch show.

Steve Mnuchin, former chairman and chief executive officer of OneWest Bank, known for its aggressive foreclosure practices, flatly denied in testimony before the Senate Finance Committee that OneWest used “robo-signing” on mortgage documents.

But records show the bank utilized the questionable practice in Ohio.

“The guy is just lying. There’s no other way to say it,” said Bill Faith, executive director of the Coalition on Homelessness and Housing in Ohio.

The revelation comes with the committee’s vote on whether to confirm Mnuchin’s nomination, currently scheduled for Monday night.

Read on.

Senator Demands Treasury Nominee Steve Mnuchin Tell the Truth About Robo-Signing

SEN. BOB CASEY, D-Pa., has angrily responded to treasury secretary nominee Steven Mnuchin’s false responses to questions submitted for the record to the Senate Finance Committee, stating that Mnuchin’s “answers to basic questions are at war with facts.” The Intercept called attention to those responses on Wednesday.

Casey had asked Mnuchin if OneWest Bank, which Mnuchin led from 2009 to 2015, engaged in “robo-signing” — a process by which employees rapidly signed off on affidavits and other documents in foreclosure cases without proper reviews, creating false evidence submitted to courtrooms and county offices.

Mnuchin claimed that OneWest did not robo-sign documents, despite abundant evidence to the contrary, including an admission of guilt from a OneWest employee in a 2009 deposition.

“This seems to be part of a pattern with Mr. Mnuchin,” Casey said in a statement emailed to The Intercept.

The senator referred to a question he asked during Mnuchin’s confirmation hearing, where the nominee stated that OneWest engaged in 100,000 home loan modifications. However, this number, taken from a 2013 Treasury Department report, refers only to “trial plan offers extended” under the Home Affordable Modification Program, or HAMP. “The true number wasn’t even close to that,” Casey said correctly; as of the 2013 report, only about 36,000 of those modifications were even active, and that doesn’t count loans that later re-defaulted.

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Fidelity National Unit Said to Near Settlement Over Robo-Signing

A Fidelity National Financial Inc. subsidiary is in final talks to pay as much as $65 million to resolve U.S. government accusations that it contributed to improper and fraudulent foreclosures after the 2008 credit crisis, according to a person familiar with the deal.

Federal banking regulators agreed that a $65 million penalty could settle the case involving so-called robo-signing of foreclosure papers tied to the firm formerly known as Lender Processing Services Inc., according to the person, who requested anonymity because the negotiations aren’t public. Fidelity National acquired the company during the lengthy settlement talks with the Federal Reserve and other agencies, and it has been divided among subsidiaries including ServiceLink Holdings and Black Knight Financial Services.

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Is Asset Acceptance LLC forging purchase & assignment agreements? CFPB, FTC Check out VP Deborah Everly signatures!

forged-asset-acceptance-llc-cfpb-deborah-everly-signatures

FORGED SVP Deborah Everly Bill of Sale, Assignment and …

Great example. CFPB and FTC need to investigate this..

Asset Acceptance is a debt buyer which means that its primary business is the purchasing of defaulted debts from lenders and subsequent collection of those debts through normal debt collection activities.

Under FTC Settlement, Debt Buyer Agrees to Pay $2.5 Million for …

https://www.ftc.gov/…/under-ftc-settlement-debt-buyer-agr…

Federal Trade Commission

Jan 30, 2012 – In addition, the company, Asset Acceptance, LLC, has agreed to tell consumers whose debt may be too old to be legally enforceable that it will …

Asset Consent Decree – Federal Trade Commission

https://www.ftc.gov/sites/default/…/120131assetconsent.pdf

Federal Trade Commission

Jan 31, 2012 – the Complaint herein; Defendant, Asset Acceptance, LLC, has waived service of the Summons and Complaint; the parties have been …

CFPB Takes Action Against the Two Largest Debt Buyers for Using …

http://www.consumerfinance.gov/…/cfpb-takes-actio…

Consumer Financial Protection Bureau

Sep 9, 2015 – Its subsidiaries also named in today’s action are Midland Funding LLC, Midland Credit Management, and Asset Acceptance Capital Corp.

Source: Stopforeclosurefraud