The Big News in the Foreclosure Industry is that Nothing Has Changed

Robo-signing has been national news for months, and an increasing number of foreclosure defense attorneys, bankruptcy lawyers and others working on behalf of consumers have grown wise to the ways of mortgage servicers and their brethren.  Courts, even some that originally turned a blind eye, are beginning to look hard at servicers, banks, foreclosure plaintiffs attorneys and everyone else involved in what it’s become obvious is a very shady business.

In response, it appears, banks and mortgage servicers have decided to…carry on as usual.

The Cape Cod Times reports that signature fraud is alive and well in the mortgage industry.

Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.

The shamelessness of the industry would be mind boggling but for the fact that we’ve seen so much of this for so long that it’s no longer surprising.  It’s simply increasingly clear that nothing will change until change is truly forced.