While state attorneys general continue to work towards a settlement on robo-signing cases, investigations are still ongoing surrounding the practice. Two media outlets released reports this week alleging the practice is still prevalent in some states. That’s prompted a response from lawmakers. Sen. Sherrod Brown says his subcommittee will hold another hearing on robo-signing, and letters have been sent to regulators from both congressional chambers requesting details on the steps servicers are taking to prevent illegal foreclosures.
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