First Topic of the day: Foreclosures

Robo-signers: Mortgage experience not necessary Yahoo! Finance (Mortgage servicers hired hair stylists, Walmart floor workers and installed them in "foreclosure expert" jobs. Here's a quote from one of these experts: "I don't know the ins and outs of the loan, I just sign documents." Gee, I wonder who will be the fall guy here. )

U.S. Home Seizures Climb to Record as Banks Review Foreclosure Practices Bloomberg

A Look at How Unregulated Servicers Are, and the Consequences for Leaving this Crisis Mike Konczal

Emptywheel on the Stress Tests, Servicing Fraud as a Counter-Cyclical Diversification Strategy Mike Konczal

Florida's 30-Second Foreclosure Dash Hits Wall of Fraud Claims Bloomberg

The enormous mortgage-bond scandal Felix Salmon

The Real Foreclosure Crisis: Who Owns the Mortgages? HuffPo (note that Yves has said the MERS issue is secondary. She says the issues created by the RMBS are not easily remedied.)