More Than 40 States Agree on $25B Foreclosure 'Robo-Signing' Deal

Officials from more than 40 states have signed onto a record $25 billion settlement with the five biggest banks related to foreclosure abuses including "robo-signing" of documents. For the past year, President Obama has advocated for a mortgage relief plan with the five biggest mortgage servicers, Bank of America, JPMorgan Chase, Wells Fargo and Ally Financial, to settle an investigation of foreclosure abuses. Evidence of robo-signing foreclosure documents began to show in 2010 during a...Full Story
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