SunTrust Banks found problems in 4,000 active foreclosure cases during an internal review of its practices, the bank said Friday in a regulatory filing. Atlanta-based SunTrust said it found “technical issues” in fewer than 15 percent of active cases. The filing said some employees signed foreclosure documents without personally verifying the loan information. The practice has been labeled by some consumer advocates as “robo-signing.” “We do not believe that any potential deficiency identified violated applicable law,” the company said in its annual proxy filing. The bank also said it is “undertaking similar remedial action in nonjudicial foreclosure states as necessary and appropriate.”
SunTrust reports issues in 4,000 foreclosure cases
Most Popular Articles
Latest Articles
Fed holds rates steady for the sixth straight time
Recent economic data hasn’t given policymakers confidence that inflation will continue to decline
-
Corcoran scores a touchdown as former NFL stars join teams in Nashville, New Jersey
-
Agencies aim to standardize ‘first-generation homebuyer mortgage’ definition
-
Freddie Mac expands use of AOLs in selling guide update
-
New homebuyer commission lawsuit takes aim at HomeServices
-
Title premium volume fell 31% in 2023