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Entries in Ohio Attorney General Richard Cordray (1)

Saturday
Oct302010

Mortgage Bank's Foreclosure Review Not Enough for State AG

Image Courtesy - Getty Images(COLUMBUS, Ohio) -- Ohio's Attorney General says banks which messed up foreclosure-related affidavits and are now refiling the documents by the tens of thousands are, "an insult to the justice system.”

In a statement released by his office, Ohio Attorney General Richard Cordray says the banks' actions seem to indicate they think they don’t have to play by the same rules as other parties.
 
“The suggestion by Wells Fargo and its colleagues at several other national firms that they can cure fraudulent testimony by simply refiling new affidavits and continuing to proceed toward foreclosures shows they do not recognize the seriousness of the problem they have created,” said Cordray. “There is no simple 'do-over' for false testimony that will be likely to avoid sanctions and penalties imposed by the courts.”
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