Monday, January 31, 2011

Deutsche under fire: hopefully Virginia judges will take heed

US investigates Deutsche Bank in foreclosure case


10:35am EST
Fri Jan 28, 2011 7:04pm EST
* Allegations Deutsche Bank filed false documents
* Inquiry could affect foreclosures across United States
* Testimony demanded from Deutsche Bank officials
By Scot J. Paltrow
NEW YORK, Jan 28 (Reuters) - A branch of the U.S. Department of Justice is investigating whether Deutsche Bank (DBKGn.DE) filed false documents and attempted to mislead a bankruptcy judge in a foreclosure action.
Although the investigation involves the case of only one homeowner in Connecticut, a court document filed on Jan. 26 by the United States Trustee's Office said it wants to elicit information about Deutsche Bank's practices in general in foreclosure cases.
The inquiry involves Deutsche Bank National Trust Co, the Deutsche Bank unit that acts as trustee for thousands of trusts that invested in mortgage-backed securities. The U.S. Trustees' Office is a division of the Department of Justice responsible for overseeing administration of bankruptcy cases.
In recent months, the office has stepped up efforts around the United States to block banks and law firms from using false or fabricated documents in home foreclosure actions. The effort follows disclosures in October 2010 of large-scale "robo-signing", the mass signing of foreclosure affidavits containing "facts" that had never been checked, and wide production of false mortgage assignments.
The Jan. 26 court motion stated that "The United States Trustee has reviewed the documents filed by Deutsche in this case and has concerns about the integrity of those documents and the process utilized by Deutsche in" filing to foreclose.
Jane Limprecht, spokeswoman for the U.S. Trustee's office, confirmed that the examination was part of a nationwide effort begun by the office in recent months to investigate suspected improper actions by banks and other mortgage servicers in foreclosure cases.
She declined to comment on the specific examination of Deutsche Bank in the case.
the rest is here: 

1 comment:

  1. It's been odd to me, up until this, how Deutsche Bank has avoided being lumped in with the other major US Banks in the universal foreclosure fraud being perpetrated upon this country and the world. Time to shake their branches and see what falls out.