Naked Capitalism rang my bell twice tonight.
1) They had robosigners, sure. They also had people hired to forge signatures because ONE robosigner on your foreclosure team is just too slow!
2) They didn't just break the rules a little bit. They broke the rules a LOT when it comes to who holds a bunch of mortgages, and some lawyer may be getting rich soon on damages at least 3x the value of the properties treated this way
The post is a bit esoteric, but the main thrust is that the less-ethical banks in the mortgage business were in some cases REALLY unethical.
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