You'd think that the banks and other lenders who are foreclosing on allegedly delinquent mortgages would have gotten the word by now. Robosigning is illegal! Further, they all swore that they'd looked into it at their institutions and had made sure that if it had ever happened, it would immediately cease and never happen again. Well, apparently many of these assurances aren't worth the paper they're printed on--or the lenders swearing it was over had their fingers crossed behind their respective backs. At any rate, in Congress this week, a number of Reps and Senators have requested that the Fed and the Controller of the Currency take a fresh look at the problem because it's apparently still going on in many states by many lenders.
If you're concerned that you may be affected by robosigning, contact your Congressman, Senator or any (all) of the regulatory agencies that may have authority over the lenders: state banking commissioner, Fed, Controller of the Currency, FDIC.
As always, Good Luck.
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