AP Exclusive: Mortgage ‘robo-signing’ goes on

By MICHELLE CONLIN and PALLAVI GOGOI
AP Business Writers

Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.

County officials in at least three states say they have received thousands of mortgage documents with questionable signatures since last fall, suggesting that the practices, known collectively as “robo-signing,” remain widespread in the industry.

The documents have come from several companies that process mortgage paperwork, and have been filed on behalf of several major banks. One name, “Linda Green,” was signed almost two dozen different ways. Read more: http://www.sacbee.com/2011/07/18/3777729/ap-exclusive-mortgage-robo-signing.html#ixzz1SZDD4Zb8

If you are looking to have someone reevaluate your auto, home, rental property or business coverage, let a Cliff Cottam Insurance agent provide you with a tailored-made insurance plan.  Contact us for a free consultation today!  (800) 807-6871