This is the anniversary no one wants to celebrate.
“We’re hitting the one-year anniversary of the robo-signing crisis,” noted Roy Oppenheim, Florida foreclosure defense attorney. “The banks said it would take 60 days to fix. It didn’t take 60 days. It’s been over a year.”
A recent article in the Daily Business Review highlights October as the anniversary month when the home foreclosure mess became a certified nightmare. Around this time in 2010, the Office of the Comptroller of Currency and the Federal National Mortgage Association basically asked the people responsible for the mortgage mess to police themselves and conduct self-audits to make sure their paperwork was legal.