Residents of Connecticut will receive $190 million from the historic $25-billion settlement with five servicers, according to the office of the state attorney general. Excerpt from: Connecticut to Get $190M from Servicer Settlement … [Read more...]
West Virginia AG McGraw Begins Foreclosure Relief Workshops With Servicer Settlement Funds
February 14, 2012 by
West Virginia Attorney General Darrell McGraw has announced the launch of “Project: Save Our Homes.” This project will coordinate efforts for the state’s homeowners to receive relief from last week's decision where 49 state attorneys general reached a $25 billion agreement with the nation’s … [Read more...]
California Earns $18 Billion Share of Nationwide Mortgage Settlement
February 13, 2012 by
California Attorney General Kamala D. Harris has announced an historic commitment to California of up to $18 billion that will benefit hundreds of thousands of homeowners in the state hardest hit by the mortgage crisis. California secured the $18 billion agreement as part of a national multistate … [Read more...]
State, Federal Officials Seal Historic $26B Servicer Settlement
February 9, 2012 by
More than a year's worth of rumors, negotiations, and reversals concluded Thursday with a $26-billion mega-settlement between government officials and the nation’s five largest mortgage servicers. The size and scope of the settlement makes it the largest endeavor by state and federal … [Read more...]
Missouri Attorney General Files 136-Count Indictment Against DOCX on Robo-Signing Charges
February 8, 2012 by
Missouri Attorney General Chris Koster has announced that a Boone County, Mo. grand jury has handed down a 136-count indictment against DOCX LLC and its founder and former president, Lorraine Brown, for forgery and making a false declaration related to mortgage documents processed by DOCX via … [Read more...]
New York AG Schneiderman Seeks Legal Action Against MERS and Major Servicers for Deceptive Practices
February 3, 2012 by
New York Attorney General Eric Schneiderman filed suit against several of the nation’s largest banks charging that the creation and use of Mortgage Electronic Registration Systems (MERS) has resulted in a range of deceptive and fraudulent foreclosure filings in New York state and federal courts, … [Read more...]
Nationwide Title Clearing Accused of Faulty Practices by Illinois AG Madigan
February 2, 2012 by
Illinois Attorney General Lisa Madigan has filed a lawsuit against Nationwide Title Clearing (NTC) for filing faulty documents with Illinois county recorders. NTC is a Florida-based company that prepares documents for mortgage servicers to use against borrowers who are in default, foreclosure or … [Read more...]
Illinois AG Madigan Files Suit Against S&P for Risky MBS Ratings
January 27, 2012 by
Illinois Attorney General Lisa Madigan has filed a lawsuit against Standard & Poor's (S&P) for its fraudulent role in assigning its highest ratings to risky mortgage-backed securities (MBS) in the years leading up to the housing market crash. Madigan filed her suit in Cook County Circuit Court, … [Read more...]
Connecticut Man Busted in Multi-Million-Dollar Mortgage Fraud Scam
January 19, 2012 by
David B. Read the original post: Connecticut Man Busted in Multi-Million-Dollar Mortgage Fraud Scam … [Read more...]