More than eight months after banks and mortgage companies promised to put an end to robo-signing, the practice continues. Thousands of suspicious signatures have been found on mortgage documents in three states since last fall, the AP reports. In one notable example from Massachusetts, the name "Linda Green" has been signed to nearly 1,300 documents since October—but her title often changes, more than 22 handwriting styles have been used, and the real Green is thought to have stopped working in the mortgage industry in the spring of 2010. "Robo-signing is not even close to over," says one county official. "It's still an epidemic."
But the AP did find one difference this time around: Though the last batch of robo-signed documents were related to homes in foreclosure, much of the sketchy new paperwork is for refinancing or for new purchases by people who are in good standing in the eyes of the bank. Of the almost 1,300 suspicious Linda Green-signed documents, none involve foreclosures. Read the AP's full piece. (More mortgage robo-signing scandal stories.)
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