Last night Reuters correspondent Scot Paltrow revealed that a bill had sailed through the Senate last week — without public debate — which would have made it significantly harder for homeowners to challenge improper attempts to foreclose on their houses. The legislation, which was sitting on President Barack Obama’s desk for his signature, would have forced courts to recognize out-of-state notarizations, including those stamped en masse by computers in other states, a practice critics say has been used improperly to push through foreclosure orders. Computer notarizations, now valid in around a dozen states, would effectively have become legal nationally, and challenges to improper notarizations made in other states would have become harder and costlier.
Tales from the Trail
One of the more surreal experiences at the Reuters Washington Summit this week was hearing Republicans saying they are prepared to work with President Barack Obama over the next two years and then listing their priorities – which started with undoing and repealing almost everything he has done in the past two.