Foreclosure by Rubber Stamp? State Attorney Generals Investigate

In one month, thousands of documents were pushed through the system by one man. An estimated 10,000 mortgage documents -- affidavits and mortgage assignments -- made it by the desk of 42-year-old Jeffrey Stephan, according to his deposition at the Circuit Court of the 15th Judicial Circuit in Palm Beach, Fla. As the team leader in the documentation unit of mortgage company GMAC in Horsham, Pa., Stephan spent his days going through what amounts to 2,500 documents over a four-week period, or...Full Story
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