She began documenting her findings, which ultimately led to allegations of massive, systemic errors in the foreclosure process as banks cut corners to save money, at times appearing to foreclose on borrowers who had not even missed payments.
The judge said he was convinced the courts were seeing "systemic structural failings" in the foreclosure process, adding that judges and lawyers have a responsibility not to close their eyes to paperwork errors — even if they seem minor.
People are debating the need for a "systemic fix"to address the foreclosure crisis.
Officials have slowly begun to implement systemic changes to stem rampant foreclosure, as increasing evidence emerges to back up what activists have been saying all along: Under state law, many foreclosed owners should have had lower taxes or could have been exempted from paying them altogether.
They declared that they had found no "systemic" threat to the financial system from the foreclosure problems, spoke of "mistakes" and "errors" rather than pervasive fraud and said the banks and servicers now need to "fix" their "processes".
There are archaic urban land laws, ancient rent controls, systemic corruption in construction permits and no foreclosure law.
Rep. Alan Grayson, D-Fla., is calling for Treasury Secretary Timothy Geithner and the newly-established Financial Stability Oversight Council to investigate the foreclosure fraud scandal as a systemic risk to the U.S. economy.
and her fellow California Democrats in the House wrote that recent reports of unwarranted foreclosures "only amplify our concerns that systemic problems exist in the ways many financial institutions have dealt with homeowners who are seeking to avoid foreclosures".
"Based on our review to date, we have found no systemic concerns with our processes and, as a result, we have not suspended foreclosures.
The systemic nature of the robo-signing problem led homeowners and judges to begin looking at subsequent foreclosure cases much more carefully -- which added to the delays.
