Bair says foreclosure "robo-signing" is serious problem:

10/14/2010 | CNBC

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., said she is opposed to a nationwide foreclosure moratorium, but said "robo-signing" of documents is an issue and that regulators are monitoring the situation. "The 'robo-signing' of foreclosure documents is a serious matter for loan servicers, homeowners, and the entire industry," Bair said.

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