Recent Developments in Credit Score Disclosures

摘要

In short, borrowers are likely to have difficulty alleging viable claims based on robo-signing allegations where they are in material default on their loan and the facts set forth in the challenged documentation are true and correct. While robosigning allegations, if true, may indicate technical problems with the execution of foreclosure-related documentation, they do nothing to change the fact that borrowers were materially delinquent on their mortgages. Although regulators may, in the end, severely penalize mortgagees based on perceived institutional harm, the robo-signing issue is unlikely to alter dramatically the private foreclosure litigation landscape.