Nationstar Executive Admits Aurora Bank Forged Note Endorsements
Nationstar Executive Edward Hyne Testifies Aurora Bank Policies Included Forging Note Endorsements
Nationstar Executive Edward Hyne sat for a deposition in a bankruptcy case last month. Normally, this would not be a big deal. However, this time the Nationstar executive dropped a bombshell about the now-defunct Aurora Loan Servicing. He claimed in his deposition that Aurora doctored and forged Note endorsements on loans they were servicing.
Aurora Bank has since quit the financial industry. New York Community Bank acquired Aurora’s bank branches. Nationstar acquired their loan servicing.
Hyne states in his deposition that Nationstar’s position is that Aurora Bank, FSB policies included forging endorsements. The forgeries are an example the rampant endorsement fraud that plagues the mortgage industry.
The deposition is from a Chapter 11 bankruptcy proceeding in California filed by Allana Baroni. Baroni is an author and TV personality. She is an etiquette expert who describes her work as being a “social specialist”.
The celebrity etiquette specialist also included Wells Fargo and Bank of New York-Mellon in her bankruptcy filing. She also fought them with the zeal of a fat guy at an All-You-Can-Eat Chinese buffet. Both of those cases went to the 9th Circuit Court of Appeals.
Where there is smoke there is fire. How many other people have lost their homes because of note forgeries at Aurora?
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