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Current Events => Economics => Topic started by: Chris_ on December 21, 2010, 10:17:16 AM

Title: Mortgage lenders ordered to appear in NJ court
Post by: Chris_ on December 21, 2010, 10:17:16 AM

Quote

Mortgage lenders ordered to appear in NJ court

In one instance cited in an administrative order, an employee of OneWest Bank, formerly IndyMac Federal Bank, said in a deposition that she signed 750 documents a week, taking no more than 30 seconds per document and relying on others to check the documents' accuracy prior to signing.

Associated Press (http://news.yahoo.com/s/ap/20101220/ap_on_bi_ge/us_foreclosure_irregularities_nj)

This might be interesting to follow.

Title: Re: Mortgage lenders ordered to appear in NJ court
Post by: Ptarmigan on December 28, 2010, 03:57:00 PM

It should be interesting.

Title: Re: Mortgage lenders ordered to appear in NJ court
Post by: Ralph Wiggum on December 28, 2010, 03:58:26 PM

Everytime I've re-financed or got a new loan I FELT like I signed 750 documents in one sitting.