Friday, February 17, 2012

Robo-Signing, Foreclosure Mills, and Problems at Fannie Mae

Grave Errors as Undead Rework Loans, Wall Street Journal, July 2010
Homeowner Sarah Larson, a 33-year-old acupuncturist, tried to get a break on her $1,055-a-month mortgage from Bank of America. The bank requested three important documents: bank statements, a utility bill, and her death certificate. ?Such snafus affected many applicants to the Home Affordable Modification Program.

Source: http://feeds.slate.com/click.phdo?i=db160ec48a5c22b6c9bd3297de349919

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