Nevertheless, lenders are generally hesitant to get involved in mortgage assignments on residential sales.

Homeowners looking to refinance could save thousands of dollars in mortgage taxes by having the loan transferred to the new lender, a process known as a mortgage assignment.

The interim rule eliminates the Mortgage Assignment Program and provides alternative procedures to foreclosure for mortgagors in default such as special forbearance, loan modifications, and deeds in lieu of foreclosure.

"Robo-signing" is a term used by consumer advocates to describe the robotic process of the mass production of false and forged execution of mortgage assignments, satisfactions, affidavits, and other legal documents related to mortgage foreclosures and legal matters being created by persons without knowledge of the facts being attested to.