"There probably were cases where documentation was not as good as it should be, but when they saw the robosigning with the mortgage sector, all of them went through their processes and said 'Okay, let's make sure we don't have the same problem.'" That said, Berlin says the regulatory environment has gotten a lot tougher and clearly remains an issue that needs to be monitored. He has an "equal weight" on Asset Acceptance and an "over weight" recommendation on the other two companies. He believes the banks have also tightened up their procedures on credit card debt collection in the wake of the robosigning scandal, though he acknowledges he does not follow them as closely. A spokeswoman for Encore declined to comment. Spokespeople for the other companies mentioned in this story had no immediate response to questions. -- Written by Dan Freed in New York.