Criminal law is the body of law that relates to crime. it would be outlined as the body of rules that defines conduct that is not allowed as a result of it’s held to threaten, hurt or endanger the safety and welfare of people, which sets out the punishment to be imposed on those who do not obey these laws. Criminal law is to be distinguished from civil law.
Foreclosure fraud came to light-weight in September 2010, with evidence that employees of Ally monetary Corp. had committed “robo-signing,” during which low-level employees signed and swore to the facts in thousands of affidavits they hadn’t scan or checked. The affidavits were notarized outside the signers’ presence, in apparent violation of state and federal criminal laws.
Since then, mounting evidence of potential foreclosure fraud has convinced judges and state regulators that servicers have harmed owners and also the investors who bought mortgage-backed securities.