These GSEs cooked their books, and innovated robo-automated-fraudulent-CDO mortgage financing.
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Late last fall when the nature of rushed foreclosure closures and so-called robo-signing came to a head, regulators and politicians alike seemed appalled by the alleged actions.
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Some are looking at the way banks packaged and sold securities that were backed by mortgages, others are looking at how defaulting homeowners were denied loan modifications and some regulators are investigating whether homeowners were forced out of the their homes improperly by so-called robo-signers.
Dirty laundry from the housing bubble has been put out to dry in recent weeks with the so called foreclosure-gate involving robo-signers and institutions such as Bank of America, Wells Fargo, and J.
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The ED-7270 (dubbed U-ROBO), touts a sophisticated similarity to the pioneering R2-D2, and can complete a myriad of in-home chores by using the included software to program its pathways, actions, and movements.
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The firm has deposed alleged robo-signers at three other lenders or mortgage-serving companies besides GMAC.
The current model of robo-fly is tethered to a small, off-board power source but Dr Ma says the next step will be to miniaturise the other bits of technology that will be needed to create a "fully wireless flying robot".
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Actually piloting the robo-bug is achieved through a smartphone app, but an on-board ARM-based microcontroller makes small adjustments to ensure stability during flight.
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For example, we've got a robo-nose that can sniff out nasties in the air, a 110-million-year-old footprint found in NASA's back yard, and not one, but two space stories to reflect on.
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The service mothership would dip into an orbital area called the "graveyard", grabbing pre-chosen cadavers and picking off usable parts, especially valuable antenna arrays, with its robo-limbs.
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It has been a year since the initial discovery of the robo-signing fiasco came to light.
There has been sufficient political grandstanding about the robo-signing settlement to last a lifetime of Sunday news shows.
Like the original Aibo, the robo-pet now acts happy when showered with attention and likes to be petted.
"One of the outcomes of the 'robo-signing' scandal is that it is more difficult to foreclose, " said Mr. Baker.
In any case, the new version of the robo-pet can learn up to 50 words in either Japanese or English.
There's the subservient kind, the virtual representative, the odd one with an artistic bent, and even robo-cattle.
Then comes a barrage of television commercials, junk mail and robo-calls that leave no Californian home unmolested and the great majority confused.
Advanced nutrition and training techniques have produced a new generation of Robo-Warriors.
Aside from this robo-physique, the Audi Connect technology at the fingertips is user friendly, including the Google Earth capabilities of the navigation system.
That is, until users teach the robo-pups to recognize new names.
Attorney General Kamala Harris' office said the company's methods included "robo-signing" legal documents, a practice that was widely used in mortgage foreclosures until it was outlawed.
For the most part, even the robo-signed foreclosures were deserved.
Roomba is what happens when robo-wizardry collides with practical needs.
Institutions like Bank of America, JPMorgan, and Citi have been saddled with thousands of foreclosed properties which, given irregularities such as robo-signing, they have been slow to sell.
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We expect to see continued home value depreciation as unemployment and negative equity remain high and as the pace of foreclosures, kept artificially low since the robo-signing controversy, increases again.
Goldman, JPMorgan Chase, GMAC, Bank of America, et al have all been accused of hiring less than stellar staff to review foreclosure cases and using robo-notary signatures to speed up the process.
Mortgage settlement: For more than a year, banks have been negotiating a settlement with Federal and state regulators over alleged improper foreclosure practices including robo-signing, where officers approved foreclosures without reviewing documents.
Wells Fargo was one of many banks to halt foreclosures last month after evidence of robo-signing, which are being investigated by a joint operation including Attorneys General from all 50 states.
The servicing business has faced significant pressure since it was discovered in 2010 several banks had engaged in "robo-signing, " in which they signed off on foreclosure proceedings without proper documentation, and other improper practices.
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