robosigning

Over the past decade we've seen a number of scandals floating around debt ownership and robosigning. That's the process where creditors swear they are the real owners of a particular debt but can't actually produce the proof when pushed to.
Nearly a third of all foreclosed borrowers who faced proceedings brought by the biggest U.S. mortgage companies during the height of the housing crisis came to the brink of losing their homes due to potential bank errors or under now-banned practices, regulators have revealed.