New Century Mortgage Corporation, a big subprime lender that went belly up in 2007, fraudulently continues to execute mortgage and foreclosure related documents. These documents are another slice of the ongoing robosigning by all the big players in the banking industry. One place to see New Century in action is the Dallas County, Texas land records, accessible here.
Since January 1, 2008 New Century has recorded over 1500 documents in Dallas such as assignments of deeds of trust (deeds of trust are essentially mortgages) and statements that a loan has been paid off. In 2011 alone New Century has recorded 157 documents. Those documents include assignments to securitization trusts, the trustees of which include Bank of America, Deutsche Bank, HSBC, US Bank and Wells Fargo. New Century also apparently assigned deeds of trust, along with the underlying notes, Bank of America Home Loans Servicing.
Most of the assignments are deeply problematic.