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Banks ‘hired hair stylists’ to vet foreclosures

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Banks hired hair stylists, teens to process foreclosure documents, workers’ testimony shows

In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in “foreclosure expert” jobs with no formal training, a Florida lawyer says.

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In depositions released Tuesday, many of those workers testified that they barely knew what a mortgage was. Some couldn’t define the word “affidavit.” Others didn’t know what a complaint was, or even what was meant by personal property. Most troubling, several said they knew they were lying when they signed the foreclosure affidavits and that they agreed with the defense lawyers’ accusations about document fraud.

“The mortgage servicers hired people who would never question authority,” said Peter Ticktin, a Deerfield Beach, Fla., lawyer who is defending 3,000 homeowners in foreclosure cases. As part of his work, Ticktin gathered 150 depositions from bank employees who say they signed foreclosure affidavits without reviewing the documents or ever laying eyes on them — earning them the name “robo-signers.”

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Bill Maher dances on David Koch’s grave: ‘I’m glad he’s dead and I hope the end was painful’

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HBO "Real Time" host Bill Maher celebrated the death of right-wing billionaire David Koch, who died of prostate cancer.

"I guess I'm going to have to reevaluate my low opinion of prostate cancer," Maher said.

"Condolences poured in from all the politicians he owned and mourners are being asked, in lieu of flowers, to just leave their car engine running," he said.

"I know these seem like harsh words and harsh jokes, and I'm sure I will be condemned for them on Fox News, which will portray Mr. Koch as a principled libertarian who believed in the free market," Maher said. "He and his brother have done more than anybody to fund climate science deniers -- for decades."

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HBO’s Bill Maher slams Trump’s White House lawn press conferences: ‘Brought to you by Adderall’

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HBO's "Real Time" host Bill Maher ripped Donald Trump on Friday.

"I've had so many sh*tty weeks, but this was a sh*tty week, I'm telling you," Maher said.

Rep. Rashida Tlaib (D-MI) called for a boycott of Maher's show this week.

"The one bright spot I could find, Trump finally found some white people to fight with. Denmark. He's fighting with Denmark, because, you know this, he's been wanting to buy Greenland

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Rachel Maddow reveals 9 major reasons so many Democrats are running against Trump in 2020

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The host of "The Rachel Maddow Show" on MSNBC listed nine major reasons Democrats are running to take on President Donald Trump in 2020.

"As we close in on the third round of Democratic presidential primary debates, the acute angle of the funnel that the candidates are going through right now is starting to pinch a little bit," Maddow noted.

"I think it’s fair to say that the Democratic Party knew that a lot of people were going to get into this presidential primary to try to earn the right to challenge this incumbent president. Right? It’s not rocket science to figure that out," she continued. "It’s nothing personal about the president."

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