Wednesday, August 24, 2011

STOP FORECLOSURE FRAUD KEEPS YOU UP WITH ALL THE IMPORTANT FORECLOSURE NEWS


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Stop Foreclosure Fraud presents the following...
HousingWire- Lender Processing Services Inc. (LPS: 17.07 -2.29%) and its DocX affiliate caused American Home Mortgage Servicing Inc. to lose millions from the robo-signing of mortgage documents, a lawsuit filed Tuesday contends. Coppell, Texas-based AHMSI filed suit in a Dallas district court against Jacksonville, Fla.-based LPS alleging more than 30,000 residential mortgages across the [...]

IN RE SCHWARTZ | MASS. BK Court Re-Opens Case “The fact that it had possession of the mortgage instrument did not render Deutsche the mortgagee and thus it lacked the power to sell the property” - 2011-08-23 17:03:27-04
UNITED STATES BANKRUPTCY COURT DISTRICT OF MASSACHUSETTS CENTRAL DIVISION In re: SIMA SCHWARTZ Debtor SIMA SCHWARTZ Plaintiff v. HOMEQ SERVICING, AGENT FOR DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE and DEUTSCHE BANK NATIONAL COMPANY, AS TRUSTEE Defendants MEMORANDUM OF DECISION AND ORDER After the plaintiff, Sima Schwartz, presented her case in chief during the first day of the trial in this adversary proceeding, upon oral motion of the defendants, HomEq Servicing and [...]

FDIC has to face $10 billion WaMu-related lawsuit - 2011-08-23 18:08:49-04
REUTERS- A federal judge ruled that the Federal Deposit Insurance Corp has to face a $10 billion lawsuit tied to the failure of Washington Mutual Bank. The judge refused the FDIC’s request to dismiss the lawsuit brought by Deutsche Bank National Trust Co over bad mortgages that were securitized by Washington Mutual. Washington [...]

BREAKING: New York Removed From State Group Working on Foreclosure Fraud Settlement Deal - 2011-08-23 18:30:23-04
Truly remarkable that no one can convince Attorney General Eric Schneiderman agree to back down! NY should support his team in any way, shape and form. He is NOT willing to let go of what is right for the NY people! Aug. 23 (Bloomberg) — The New York Attorney General’s office was removed [...]

Deutsche Bank knew mortgage co it bought lied: Justice Dept - 2011-08-24 00:30:10-04
(Reuters) – Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase and should be held financially responsible, the Justice Department said on Monday. According to the department’s amended $1 billion complaint [...]
 
 
 
 
 
 
 
 
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The information herein should NOT be taken as legal advice and is NOT a substitute for the assistance of a licensed advisor.
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