Sentence examples for underlying paperwork from inspiring English sources
Midyear is a good time to look over all your spending, saving and investment records to make sure all the numbers add up and underlying paperwork is in order.
The proposed agreement would settle allegations that Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial engaged in faulty mortgage practices, including employing so-called "robosigners" -- agents who processed foreclosure filings en masse without examining the underlying paperwork -- that abused homeowners' rights and led to wrongful home seizures.
If the banks ignored evidence that the underlying mortgages did not conform to underwriting standards or they lacked the proper paperwork, the banks could be obligated to buy the troubled mortgages back.
The bank set aside $4.1 billion in the last quarter to settle claims by investors who hold soured mortgage securities, citing evidence that the underlying loans did not conform to underwriting standards or that they lacked the proper paperwork.
The bank was forced to set aside $4.1 billion in the last quarter to settle claims by investors who hold soured mortgage securities, citing evidence that the underlying mortgages did not conform to underwriting standards or that they lacked the proper paperwork.
More broadly, the revelations about the sloppy paperwork are emboldening homeowners and law enforcement officials in many states to question whether lenders rightfully hold the notes underlying foreclosed properties — further chilling the housing market.
