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Mortgage ‘robo-signing’ continues - Tue, 19 Jul 2011 PSTTuesday, July 19, 2011 @ 6:22AMMortgage 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. County officials in at least three states say they have received thousands of mortgage documents with questionable signatures since last fall ...

Special report: Banks continue robo-signingTuesday, July 19, 2011 @ 6:21AMNEW YORK/IMMOKALEE, Florida (Reuters) - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.

U.S. Stock-Index Futures Climb After IBM Lifts Profit ForecastTuesday, July 19, 2011 @ 5:28AMU.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will rebound from a three-week low, after International Business Machines Corp. (IBM) and Mosaic Co. (MOS) reported better-than-estimated profit.

Quelle Surprise! The Banks Lied and Robosigning Lives!Tuesday, July 19, 2011 @ 4:10AMWe've heard numerous bank executives swear piously before Congressional hearings that those "paperwork problems" that led major servicers to halt or slow foreclosures on a widespread basis last year were "mistakes". That was already a really big lies, since "mistake" means the practice was not deliberate and was presumably isolated, when in fact robosigning was a widespread, institutionalized ...

RealtyJoin.com Selects Foreclosure.com to Power its Foreclosure Listings SearchTuesday, July 19, 2011 @ 4:04AMAmerica’s number one source for the most up-to-date distressed real estate information to provide national foreclosure listings to the industry's leading interactive social and business networking site. (PRWeb July 19, 2011) Read the full story at http://www.prweb.com/releases/freeforeclosure/listingssearchrealtyjoin/prweb8643299.htm

A Big Week for the New Consumer AgencyMonday, July 18, 2011 @ 8:42AMEd. Note: Watch President Obama's personnel announcement live at 1:05 PM EDT today on WhiteHouse.gov/live . This is a big week for the Consumer Financial Protection Bureau (CFPB). Today, the President will announce his intent to nominate Richard Cordray to serve as the first Director of the Consumer Financial Protection Bureau . On Thursday, the CFPB makes its transition from a start-up to a ...

Elizabeth Warren: A Big Week for the New Consumer AgencyMonday, July 18, 2011 @ 8:00AMThis week is the culmination of two years of hard battles. The President put the Consumer Financial Protection Bureau in his first outline of financial regulatory reform, and he never wavered in his support for it. As a result, the agency has stepped out in the right direction.

PacWest Bancorp Announces Results for the Second Quarter of 2011Monday, July 18, 2011 @ 8:00AM--Net Earnings of $12.8 Million-- --Net Interest Margin Increases to 5.57%-- --Credit Loss Reserve at 3.52% of Net Non-Covered Loans and 157% of Non-Covered Nonaccrual Loans-- --Noninterest-Bearing Deposits at 36% of Total Deposits and Core at 76%-- --Tangible Common Equity Increases 7.2% or $30.5 million--

Next Week’s Tape: Earnings Galore, Plus Some Housing DataMonday, July 18, 2011 @ 6:11AMEarnings, earnings, earnings and some housing data in the week ahead.