Links 4/13/11 | naked capitalism – Tech snafu, improper foreclosure affidavit lead to sanctions for LPS Housing Wire’s spin on our story today. Regular NC readers may not be very surprised to hear that we expect more "Tech snafus" to surface.
assignment of mortgage | Livinglies’s Weblog – Plaintiff’s counsel was warned that defects in foreclosure filings “include failure of plaintiffs and their counsel to review documents and files to establish standing and other [*15]foreclosure requisites; filing of notarized affidavits which falsely attest to such review and to other critical facts in the foreclosure process; and robosigning’ of documents by parties and counsel.”
Bill Urges HVCC Moratorium A potential "HVCC moratorium" is in the works, spearheaded by House Representatives Childers (Republican – MS) and Miller (Republican – CA). The pair introduced bill H.R. 3044, which would place an 18 month moratorium on the Home Valuation Code of Conduct, which has received a cold response since being implemented on May 1.Benjamin Lawsky just made it easier to be a mortgage banker in New York Mr. Lawsky was New York State’s Superintendent of Financial Services from 2011-2015 where he regulated all New York State-chartered banks, the majority of United States-based branches and agencies of foreign banking institutions, and all insurance companies in New York. He also regulated all of New York State’s mortgage brokers and bankers.Bank of America to cut hundreds of legacy servicing staff No Stars for them but it won’t let me do none!!! I have given Bank of America chance after chance to get better. Their service is horrible and their changes are not to improve service they are to cut cost for them!! If you are thinking of opening an account think again about your choices.Survey shows first-time homebuyers growing weary of short sales Survey shows first-time homebuyers growing weary of short sales HUD expands energy conservation challenge to apartments Many low-income individuals and families are finding it increasingly difficult to rent apartments (see here and here), but energy efficiency and solar energy can help save affordable multifamily housing.Our new report, Our.
Homeloansmissouricitytx – prime foreclosure starts surge Past Subprime in July More than half of US metros post higher foreclosure activity Tech snafu, improper foreclosure affidavit lead to sanctions for LPS Shadow inventory rocked by foreclosure snafu "The Mortgage Bankers Association noted in a Thursday report that a four-year low in serious mortgage delinquencies.
Sanctions | FORECLOSURE FRAUD | by DinSFLA – Again, according to the Trustee, "The respondents’ [LPS and Boles] representations were not well grounded in fact, were made in bad faith to avoid potential liability, and have resulted in unnecessarily protracted discovery and litigation concerning their roles involved with the 2d MFR and false affidavit."
Foreclosure REVERSED! Improper business records! – Foreclosure REVERSED! Improper business records! Charles H. Channell, Jr., challenges the final judgment of foreclosure entered by the trial court following a bench trial. He asserts numerous issues, including the sufficiency of Deutsche Bank National Trust Company’s evidentiary foundation for.
4ClosureFraud Posts Lender Processing. – naked capitalism – LPS is the major platform used by all the large servicers; it oversees the work of foreclosure mills in every state. And this means document forgeries and fraud are not just a servicer problem or a borrower problem but a mortgage industry and ultimately a policy problem.
RealtyTrac: Foreclosure activity picked up in 120 metros Housing inventory, buyer demand are market drivers: jpmorgan house prices are in part a reflection of supply and demand. As housing supply increases relative to demand, price appreciation slows down.. As more inventory enters the market, buyers have more.RealtyTrac also rated "metro. had the worst foreclosure rate in the country in October. One in every 257 houses was in foreclosure. The Trenton-Mercer area was number three. "The six percent.
LPS | Livinglies's Weblog – The federal banking agencies today fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for improper actions by its predecessor company, Lender Processing Services, Inc. (LPS), which resulted in significant deficiencies in the foreclosure-related services that LPS provided to mortgage servicers.
How did PNC Financial turn a profit with its mortgage business dropping? The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
Foreclosure Defense, Loan Modifications, Forensic Audits. – Foreclosure Defense, Loan Modifications, Forensic Audits, Securitization Audits, Bankruptcies Forensic Mortgage Audits Nationwide, LLC helps homeowners achieve their goal to save their home by applying the securitization audits and forensic audits to the loan modification and foreclosure.