I tried to start a blog on this story, but I didn't really have a fresh take on it.
This guy's deposition has been out there since last December, along with several other similar ones from other bank employees and foreclosure mill employees who also robo-signed no-read affidavits. I feel a little sorry for Ally/GMAC because they're merely the first to attempt to correct their problem (or be forced to do so by an investigation?), so they are getting all the heat.
At any rate, the chickens appear to be coming home to roost for all the banks that cut corners on their foreclosure paperwork. This is just going to cause further delays in foreclosures and push out the possibility of a housing recovery just that much farther into the future.
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