Bank Regulators Likely To Fine Banks Over Foreclosures

February 18, 2011

Regulators to fine banks for foreclosure mistakes.

MSNBC reported today that US Bank regulators are close to punishing mortgage servicers for widespread violations of state and federal laws that resulted in thousands of defective foreclosures throughout the United States.  If anyone ever wanted to see the types of errors the banks were making, take a look at this assignment actually recorded by the bank in Florida. Specifically, look at the name of the assignee.

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